Business Models - 1449 Words

Business Model and Strategic Plan Part I Bus/475 Integrated Business Topics Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business The success of an organization depends on the strategic plan. In the plan, it will define the mission, vision, ad value statements. The strategic plan is designed to assist the organization with its strengths, weaknesses, opportunities, and threats. The SWOT analysis will help develop a strong strategic plan and map out the direction to follow to achieve an organizational vision and goal. The purpose of this paper is to cover the mission, vision and core value of De Von’s Printing.†¦show more content†¦Exceed customer expectation e. Excellence f. Share knowledge g. Simple process h. Team work i. Participate and contribute to activities The company has beliefs that the custom printing will target a huge segment of clients, who are in need of quality printing. The management team wants to serve a competitive price depending on the design. Organization’s Strategic Direction De Von’s objectives for the future are to achieve the goals in the strategic plan to expand on the growth for the company. Once the achievement has been accomplished, the management team would review the profit made and look at other opportunities in the printing industry such as screen printing. De Von’s future goal is to add to the partnership network with the competitors such as Paramount Printing. The executive and management team has discussed the advancement plan of the objectives. The objectives would include connect with web designers and screen printing organizations, communicate, and advertise the new service. Produce a partnership with local competitors by advertising workshops or seminars, and use a recruitment method to reach out to master printers. Use social media, such as Facebook, Twitter, and Instagram, to advertise and promote the product and service. The strategic plan solely depends on the mission, vision, and core values. The mission statem ent identifies the company and who it supports; the clientele, employees, and investors. The missionShow MoreRelatedBusiness Models Canvas And Business Model2281 Words   |  10 PagesBusiness Model Canvas and Business Model Innovation: Business Model Canvas is one of the most popular models used by companies to help them tread through the difficult scenarios of current world. The article starts with a brief introduction about BMC and its components which sets the tone for rest of the article. Certain terms introduced and defined in the BMC explanation are used in the business model innovation framework discussed further. The business model framework explained further in thisRead MoreThe Business Model ( Bm ) Essay939 Words   |  4 PagesRQ1. The business model (BM) delineates the logic of how an organization creates, acquires, and delivers value and facilitates the organization’s strategy implementation through the organizational structures, processes, and systems (Osterwalder Pigneur, 2010). The BM seeks to establish and maintain a relationship with a targeted demographic through the provision of benefits that solve a problem or meets a need. This value proposition is available through key resources, act ivities, and partnershipsRead MoreDescription Of The Business Model3289 Words   |  14 Pages Final Project- MBA620 1. Description of the Business Model Making the decision on whether to go forward with a start-up verses purchasing a franchise can be a difficult one. Many factors have to be considered in order make the best sound decision for that individual. Thankfully, many resources have been established so that research can be found easier. â€Å"There are also many options as far as entrepreneurial ventures are concerned. One of the most common decisions entrepreneurs face is whetherRead MoreFreemium Business Model21065 Words   |  85 PagesFreemium as a Business Model for Mobile Video SERGEJ KOTLIAR Master of Science Thesis Stockholm, Sweden 2011 Freemium as a Business Model for Mobile Video SERGEJ KOTLIAR Master’s Thesis in Media Technology (30 ECTS credits) at the Media Management Master Programme Royal Institute of Technology year 2011 Supervisor was Christopher Rosenqvist, SSE Examiner was Johan Stenberg TRITA-CSC-E 2011:026 ISRN-KTH/CSC/E--11/026-SE ISSN-1653-5715 Royal Institute of Technology School ofRead MoreThe Subscription Business Model Is A Marketing Model1538 Words   |  7 PagesThe subscription business model is a business model where a customer must pay a subscription price to have access to the product/service. The model was pioneered by magazines and newspapers, but is now used by many businesses and websites. we ve got to provide an on-going, novel yet practical service that adds value to customers lives by encouraging/changing habits. You need to relate to your customers lifestyle and that can only be done successfully if you have a common interest and passionRead MoreTraditional Offline Business Models1331 Words   |  6 PagesTraditional offline business models have been adapted for the internet but remain very similar online as to the offline world. In essence all models provide some form of product or service in exchange for financial reward. However not all online business models are equal. Selecting the right model for your online business warrants careful consideration because each model requires different skills and time commitments to operate. Not all models will suit you or compliment your business interests. AlsoRead MoreStrategy Vs. Business Model1536 Words   |  7 PagesStrategy Vs Business Model Lot of researchers have tried to distinguish between Strategy and Business model and the literature tries to give a definition for Strategy and Business model. The Article â€Å"From Strategy to Business Model and on to Tactics† discuss Strategy and Business model as follows; Business Model refers to the logic of the firm, the way it operates and how it creates value for its stakeholders and Strategy refers to the choice of business model through which the firm will competeRead MoreBusiness Model Canvas Zillow4595 Words   |  19 PagesE-BUSINESS ANALYSIS OF REAL ESTATE COMPANIES Delvin Grant, DePaul University, USA Email: dgrant2@depaul.edu Emna Cherif, DePaul University, USA Email: emcherif@gmail.com ABSTRACT We analyzed the e-business websites of Realestate.yahoo.com, Realtor.com, and Zillow.com. We looked at the similarities and differences between them and how e-business components help differentiate one company from another and the role this plays in contributing to their success. We looked at which business model componentsRead MoreHolacracy and the Zappos Business Model1808 Words   |  8 Pages HOLACRACY AND THE ZAPPOS INC. BUSINESS MODEL Brenden Rush Rel 342 Excursus February 23, 2016 HOLACRACY AND THE ZAPPOS INC. BUSINESS MODEL Every business uses a model. Some have a loose business model where everyone kind of goes with the flow while others are more regimented. Some copy business models from competitors and some are innovators, developing their own business model from the ground up. There is no wrong or right way to run a business. Whatever works for the organization, its employeesRead MoreThe Origin Of The Term `` Business Model3291 Words   |  14 PagesThe origin of the term â€Å"business model† can be traced back to Peter Druckers classic 1954 book, the practice of management where it has evolved due to the emergence of new technology and modern consumer. What defines a business model? Business model has been referred to as an architecture (Osterwalder 2004), a structural template (Amitt Zott 2011), a method (Afuah Tucci 2011) and a pattern (Brousseau Penard 2006). Saul Kaplan (2012, p.18) defines business model as a ‘story about how an organization