country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Business Model Innovation And Design Strategic

tag 0 Download5 Pages 1,095 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Business Model Innovation and Design Strategic.
 
 

Answer:

In the video, authors discussed the concept of strategy for organizations. In the video, author compares the strategy of organizations with the strategy at war front. Author argued that strategy is a very strong thing. It is important that organizations must have a high level strategy in place that could drive the tactics and objectives of various sub units in the organizations. It is also important that the strategy should be based on both internal and external environment of organizations. Sometimes without being aware of the laws or the regulations of the country in which their client is situated the vendor might be breaching the regulations of that country. For example, in the banking sector, it is regulated that banks are not allowed to send the customer data outside the country or share it with any third party. They are not allowed to save the data on the servers as well.  So these issues are very important in order to save the companies from court cases and giving penalties. Customers might or might not know about usage of their data by third parties. Sometimes there are two versions of data (França & Broman, 2017). One would be the primary one which is stored inside the country but the other one is stored somewhere else maybe outside the country for the Disaster recovery or to protect in case of any emergency like floods, Hurricanes etc. The best way to deal with this situation is to tell the vendor about all the legal requirements of the company before finalizing the contract. It is also important to clear all the terms and condition upfront so as to keep the accountability in place in case of any breach or legal issues.

A perfect example of organization operating in global environment is Apple Inc. Apple Inc. comes to mind as an example of an organization that is less open in some ways than others.  The company is notorious for wanting to control every aspect of its production process to ensure its hardware and software are tightly integrated and its intellectual property is protected.  Still, the company relies on outside organizations to manufacture its computers, cell phones, microprocessors, etc.  And it clearly discharges its product back into the environment. It is suggested that Apple must have a high level strategy in place for all of its business units. Apple has various subsidiaries in the world and it is critical that all these subsidiaries should work under the high level strategies of Apple Inc. It is also recommended that Apple Inc. should have a system in place where it can continuously monitor its strategic development and strategic implementation at the organization level (Baranenko & Dudin, 2014).

 

Business Model Innovation

The video is a very interesting video that explains the use of innovation as part of business model. The video emphasises on the important connection of innovation with the business model. In this era of globalization, the organizations have expanded and they have realized that that innovation could be a source of competitive advantage. The role of innovation is to organize and develop an agile culture where leaders can focus on inclusive growth and development. The connection of innovation and business model should also include the discussion around conscious capitalism (Rainey, 2015). The ethics of conscious capitalism impact management and leadership at every decision because your focus becomes placing others before yourself. Conscious capitalism seems very parallel to how a team functions when they are on a mission trip in a foreign country. They value each other, they share the common purpose of providing care to others, they work together to overcome obstacles, and they always seem to have a greater impact that they ever imagined. It would be correct to say that business models of organization could be dynamic in nature. The business model that works today may not the preferred choice in future. Therefore, it is critical that the organizations must have an open system of innovation where they can continuously focus on innovation across their lines of business.

Lets apply the business model and innovation on Dell Inc. The companies like Dell Inc. is benefited a lot with globalization. Dell, a premier Fortune 500 electronics services company, began over thirty years ago with an innovative 19 year-old’s dream and $1,000.00 dollars. The company grew expediential becoming a Fortune 500 company in 1992.  As any other organization, Dell progressed through the various life stage cycles of organizational growth and decline.  Presently, Dell finds itself at the fourth stage of the organizational life cycle.  In the fourth stage of the organizational life cycle, or the elaboration stage, companies have reached full maturation.  However, at stage four stagnation can occur and to avoid decline, or even the death of the organization, revitalization is required.  Companies experiencing stagnation between designs and environmental structures must realign internal processes to revitalize the competitiveness of the organization.  Such is the case with Dell, Dell most likely reached stage four in the late 1990s after becoming a Fortune 500 company and generating $1 million in sales per day.  However, in the early 2000s, Dell’s focus became maintaining market share and emphasis on innovation was lost.  Dell began to experience decline.  Dell, which had been made public, was repurchased by Michael Dell and Silver Lake Partners and focus returned to innovation and new product lines.  Dell’s decision to return to its entrepreneurial roots is no mistake, it was necessary to realign the company with its markets and prevent further decline. Today, Dell has a strong presence in developing countries and this has been possible only with the focus on globalization.

 

References

Baranenko, S.P., Dudin, M.N., Lyasnikov, N.V. and Busygin, K.D., 2014. Use of environmental approach to innovation-oriented development of industrial enterprises.

França, C.L., Broman, G., Robèrt, K.H., Basile, G. and Trygg, L., 2017. An approach to business model innovation and design for strategic sustainable development. Journal of Cleaner Production, 140, pp.155-166.

Gallen. (2013). Business Model Innovation. YouTube. Retrieved 26 April 2017, from https://www.youtube.com/watch?v=B4ZSGQW0UMI

Kryscynski, D. (2015). What is Strategy?. YouTube. Retrieved 26 April 2017, from https://www.youtube.com/watch?v=TD7WSLeQtVw

Rainey, D.L., 2015. A Holistic Model for Linking Sustainability, Sustainable Development, and Strategic Innovation in the Context of Globalization. In Handbook of Research on Sustainable Development and Economics (pp. 222-247). IGI Global.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Business Model Innovation And Design Strategic. Retrieved from https://myassignmenthelp.com/free-samples/business-model-innovation-and-design-strategic.

"Business Model Innovation And Design Strategic." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/business-model-innovation-and-design-strategic.

My Assignment Help (2018) Business Model Innovation And Design Strategic [Online]. Available from: https://myassignmenthelp.com/free-samples/business-model-innovation-and-design-strategic
[Accessed 04 April 2020].

My Assignment Help. 'Business Model Innovation And Design Strategic' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/business-model-innovation-and-design-strategic> accessed 04 April 2020.

My Assignment Help. Business Model Innovation And Design Strategic [Internet]. My Assignment Help. 2018 [cited 04 April 2020]. Available from: https://myassignmenthelp.com/free-samples/business-model-innovation-and-design-strategic.


At MyAssignmenthelp.com, we are committed to deliver quality assignment assistance in the fastest way possible. To make our service delivery fast, we have hired subject matter experts to work on different subject specific assignments. We have hired experts who owe in-depth knowledge in their respective subjects. As per their expertise, they provide geography assignment help, Physics assignment help, Strategic assignment help, history assignment help, art architecture assignment help and assistance with other subjects as well.

Latest Management Samples

BUS1007 Organisational Behaviour

Download : 0 | Pages : 8
  • Course Code: BUS1007
  • University: Australian Institute Of Higher Education
  • Country: Australia

Answer: The behaviour of human beings are full of intricacies and it is highly difficult to understand or apprehend it. There are several factors that join together for determining some peculiar kinds of patterns for the employees’ behaviour in all organisation. There are certain employees who are coarse, some are amiable, some are stone hearted and many are soft hearted. Also, there are some who are empathetic or apathetic and on the ot...

Read More arrow

COMM1410 Letter For Social Media For The Virtual World

Download : 0 | Pages : 2

Answer: Claire Smithfield Lots of Stuff Park 32/A Kitchner, 45660  Subject: Regarding Use Of Social Media  Dear Claire, I hope this letter finds you in good health. We received your notification regarding the use of social media and how you feel concerned for our health. I must say, on behalf of all the employees, that this was a very thoughtful gesture on your part. This makes us feel especially wanted in the company. Of the p...

Read More arrow

MGT03 International And Local Market For Seistrand Systems

Download : 0 | Pages : 5

Answer: HBR Case Study The main conflicting issue in this given case study is based on hiring an international talent, Anne Prevost. Being particularly a German-based organisation Typware, the organisation needs to recruit a new talent which can be beneficial for the organisational current competitive market. The international and local market is different from each other. For specific, the candidate wants to settle down in Europe. The h...

Read More arrow

LAW6CON Construction Law For Negligence, Contract And Guarantees

Download : 0 | Pages : 12

Answer: Part 1 Construction Law has evolved as an area of law dealing with disputes that arises in relation to the construction of buildings and other similar fields. It has been developed by bundling the laws relating to commercial law, contract law, planning law, tort law and employment law. This branch of law includes issues like negligence, contract, guarantees, claims and other similar areas of laws relating to construction (Manderson, J...

Read More arrow

GSB019 Analysis Of Change Triggers For Regional Pharmaceutical Manufacturer

Download : 0 | Pages : 9
  • Course Code: GSB019
  • University: Australian Institute Of Management
  • Country: Australia

Answer: Introduction  This report has aimed to examine a strategic change initiative in the given organization in the case study. In this given report, Algorithm Sal has been chosen as the organization, which is a regional distributor of pharmaceutical products in Middle East, Near East, east Europe and North Africa. The organization had acquired Merck& Co. in an attempt to become the manufacture of products by establishing manufacturi...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,242,865

Orders

4.9/5

Overall Rating

5,067

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1758 Order Completed

99% Response Time

William Martinez

MS in Biology

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1896 Order Completed

95% Response Time

Herman Berens

MSc in Psychology

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

265 Order Completed

97% Response Time

Ken Campbell

MSc in Electrical Engineering

Wellington, New Zealand

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Thank you so much for your efforts the solution was perfect and submitted on time.

flag

User Id: 371975 - 03 Apr 2020

Australia

student rating student rating student rating student rating student rating

every thing good and Very classy treatment. thank you very much i hope do my thesis with this web

flag

User Id: 396340 - 03 Apr 2020

Australia

student rating student rating student rating student rating student rating

The work was well present, details and met all expectations. This is a prove that I will always use this platform and recommend this site to friends at schools and family. Keep using great people to keep having users. Just after receiving this assign...

flag

User Id: 203000 - 03 Apr 2020

Australia

student rating student rating student rating student rating student rating

good transcript that it make feel good because i don\'t need to worry about no ideas to write this transcript

flag

User Id: 329158 - 03 Apr 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?