Podcast
Questions and Answers
What are the central characteristics of an opportunity?
What are the central characteristics of an opportunity?
Potential economic value, Novelty or newness, Perceived desirability
How is a Business Model (B.M.) defined?
How is a Business Model (B.M.) defined?
A conceptual framework that describes how a company creates, delivers, and extracts value.
What are the 4 core areas of a Business Model according to the provided content?
What are the 4 core areas of a Business Model according to the provided content?
Internal analysis serves to assess strengths and weaknesses within the organization.
Internal analysis serves to assess strengths and weaknesses within the organization.
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What does the TOWS (Qualitative Strategic Analysis) Matrix help to identify based on strengths and weaknesses?
What does the TOWS (Qualitative Strategic Analysis) Matrix help to identify based on strengths and weaknesses?
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Match the following terms with their definitions:
Match the following terms with their definitions:
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What are the three central characteristics that most definitions of opportunity include?
What are the three central characteristics that most definitions of opportunity include?
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What is a Business Model (B.M.)?
What is a Business Model (B.M.)?
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What are the four core areas of a Business Model?
What are the four core areas of a Business Model?
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Internal and External Analysis are important components when analyzing a business.
Internal and External Analysis are important components when analyzing a business.
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Strengths and Weaknesses are part of the ______ assessment of the organization.
Strengths and Weaknesses are part of the ______ assessment of the organization.
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What does the TOWS Matrix serve for?
What does the TOWS Matrix serve for?
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Match the following terms with their descriptions:
Match the following terms with their descriptions:
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Study Notes
Business Idea Generation and Opportunity Recognition
- An opportunity is an apparent way of generating value (profit/social/environmental) through unique, novel, or desirable products, services, and processes that have not been previously exploited.
- Three central characteristics of an opportunity include: • Potential economic value (capacity to generate net profits) • Novelty or newness • Perceived desirability
Business Model (BM)
- A conceptual framework that describes how a company creates, delivers, and extracts value.
- Includes a network of activities and resources to create a sustainable and scalable business that delivers value to target customers.
- 4 parts of a Business Model: • The Offering (Customer Value Proposition - CVP): explains how to help customers do something more inexpensively, easily, effectively, or quickly than before. • Customers: people who populate the segments of a market that the offering is serving. • Infrastructure: tangible and intangible resources (people, technology, products, spare parts, suppliers, partners, facilities, cash, etc.) needed to deliver the CVP. • Financial Viability: defines the revenues and cost structures a business needs to meet its operating expenses and financial obligations.
The Business Model Canvas
- A tool to describe, design, innovate, and iterate business models.
- Consists of: • How? (Key Activities) • What? (Key Resources) • For Whom? (Customer Segments) • Motor del modelo (Value Proposition) • Income Statement (- Costs = Profits)
Internal and External Analysis
- Internal Analysis (Firm): • Identifies internal strengths and weaknesses.
- External Analysis (Industry): • Identifies external opportunities and threats.
FODA Analysis
- Strengths and Weaknesses (Internal assessment)
- Opportunities and Threats (External assessment)
TOWS Matrix (Qualitative Strategic Analysis)
- Helps identify strategic options based on internal strengths and weaknesses, and external opportunities and threats.
Value Chain Analysis
- Analyzes the stages involved in producing and delivering a product or service.
- Includes: • Inbound Logistics • Operations • Outbound Logistics • Marketing and Sales • Service
Business Idea Generation and Opportunity Recognition
- An opportunity is an apparent way of generating value (profit/social/environmental) through unique, novel, or desirable products, services, and processes that have not been previously exploited.
- Three central characteristics of an opportunity include: • Potential economic value (capacity to generate net profits) • Novelty or newness • Perceived desirability
Business Model (BM)
- A conceptual framework that describes how a company creates, delivers, and extracts value.
- Includes a network of activities and resources to create a sustainable and scalable business that delivers value to target customers.
- 4 parts of a Business Model: • The Offering (Customer Value Proposition - CVP): explains how to help customers do something more inexpensively, easily, effectively, or quickly than before. • Customers: people who populate the segments of a market that the offering is serving. • Infrastructure: tangible and intangible resources (people, technology, products, spare parts, suppliers, partners, facilities, cash, etc.) needed to deliver the CVP. • Financial Viability: defines the revenues and cost structures a business needs to meet its operating expenses and financial obligations.
The Business Model Canvas
- A tool to describe, design, innovate, and iterate business models.
- Consists of: • How? (Key Activities) • What? (Key Resources) • For Whom? (Customer Segments) • Motor del modelo (Value Proposition) • Income Statement (- Costs = Profits)
Internal and External Analysis
- Internal Analysis (Firm): • Identifies internal strengths and weaknesses.
- External Analysis (Industry): • Identifies external opportunities and threats.
FODA Analysis
- Strengths and Weaknesses (Internal assessment)
- Opportunities and Threats (External assessment)
TOWS Matrix (Qualitative Strategic Analysis)
- Helps identify strategic options based on internal strengths and weaknesses, and external opportunities and threats.
Value Chain Analysis
- Analyzes the stages involved in producing and delivering a product or service.
- Includes: • Inbound Logistics • Operations • Outbound Logistics • Marketing and Sales • Service
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Description
This quiz focuses on defining and recognizing business opportunities, including their central characteristics such as potential economic value, novelty, and perceived desirability.
