Podcast
Questions and Answers
What does the core strategy of a business model primarily focus on?
What does the core strategy of a business model primarily focus on?
Which of the following is NOT a primary element of a core strategy?
Which of the following is NOT a primary element of a core strategy?
What is the purpose of a well-written mission statement?
What is the purpose of a well-written mission statement?
Why is it important for a business to articulate its Basis of Differentiation?
Why is it important for a business to articulate its Basis of Differentiation?
Signup and view all the answers
What concept describes taking a dual approach where profit motives are prioritized separately from giving back?
What concept describes taking a dual approach where profit motives are prioritized separately from giving back?
Signup and view all the answers
How can a business's mission statement be beneficial in the long term?
How can a business's mission statement be beneficial in the long term?
Signup and view all the answers
What issue does Pierre Omidyar highlight regarding the two-pocket approach?
What issue does Pierre Omidyar highlight regarding the two-pocket approach?
Signup and view all the answers
What is a common criticism of the way corporations handle their profit motives and social activities?
What is a common criticism of the way corporations handle their profit motives and social activities?
Signup and view all the answers
Which of the following describes a characteristic of disruptive business models?
Which of the following describes a characteristic of disruptive business models?
Signup and view all the answers
What is the primary function of business model innovation?
What is the primary function of business model innovation?
Signup and view all the answers
Which company is known for introducing the Direct-to-Consumer Computer Sales model?
Which company is known for introducing the Direct-to-Consumer Computer Sales model?
Signup and view all the answers
In Michael Porter’s Value Chain, which of the following is considered a primary activity?
In Michael Porter’s Value Chain, which of the following is considered a primary activity?
Signup and view all the answers
How do value chain activities influence an organization?
How do value chain activities influence an organization?
Signup and view all the answers
What is one characteristic of Software as a Service (SaaS) business model?
What is one characteristic of Software as a Service (SaaS) business model?
Signup and view all the answers
Which of these companies is associated with cloud-based rideshare services?
Which of these companies is associated with cloud-based rideshare services?
Signup and view all the answers
What is a central aspect of value proposition in business models?
What is a central aspect of value proposition in business models?
Signup and view all the answers
Which element of the business model canvas identifies the different products or service bundles a company aims to deliver?
Which element of the business model canvas identifies the different products or service bundles a company aims to deliver?
Signup and view all the answers
What component of the business model canvas focuses on the various ways a company can earn income?
What component of the business model canvas focuses on the various ways a company can earn income?
Signup and view all the answers
Which part of the business model canvas specifies the necessary resources to create value for customers?
Which part of the business model canvas specifies the necessary resources to create value for customers?
Signup and view all the answers
What does the Cost Structure element of the business model canvas identify?
What does the Cost Structure element of the business model canvas identify?
Signup and view all the answers
In the business model canvas, what does Key Partners represent?
In the business model canvas, what does Key Partners represent?
Signup and view all the answers
Which element of the business model canvas discusses how a company interacts with customers to retain them?
Which element of the business model canvas discusses how a company interacts with customers to retain them?
Signup and view all the answers
Which aspect describes different ways the company intends to deliver its value proposition?
Which aspect describes different ways the company intends to deliver its value proposition?
Signup and view all the answers
What is primarily outlined in the Revenue Streams section of the business model canvas?
What is primarily outlined in the Revenue Streams section of the business model canvas?
Signup and view all the answers
