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  • Seminar 3: Business Model: Group 2: Debating

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    Dòng Sông Buồn
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    This document summarizes the key points from a business seminar discussing business models. It addresses why companies need innovative business models, how business model interaction works, how managerial choices lead to consequences, and how companies can strengthen their virtuous cycles to gain competitive advantages. The document contains questions and answers about these topics, concluding that strategy prepares the business model based on competitive advantages, while tactics focus on operationalizing the chosen business model through day-to-day choices and their consequences.

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    Seminar 3

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    This document summarizes the key points from a business seminar discussing business models. It addresses why companies need innovative business models, how business model interaction works, how managerial choices lead to consequences, and how companies can strengthen their virtuous cycles to gain competitive advantages. The document contains questions and answers about these topics, concluding that strategy prepares the business model based on competitive advantages, while tactics focus on operationalizing the chosen business model through day-to-day choices and their consequences.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    16 views18 pages

    Seminar 3: Business Model: Group 2: Debating

    Uploaded by

    Dòng Sông Buồn
    This document summarizes the key points from a business seminar discussing business models. It addresses why companies need innovative business models, how business model interaction works, how managerial choices lead to consequences, and how companies can strengthen their virtuous cycles to gain competitive advantages. The document contains questions and answers about these topics, concluding that strategy prepares the business model based on competitive advantages, while tactics focus on operationalizing the chosen business model through day-to-day choices and their consequences.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 18

    LOGO

    SEMINAR 3: BUSINESS MODEL


    GROUP 2: DEBATING

    GROUP 2

    1
    2 3
    www.themegallery.com

    Le Thi Binh

    Nguyen Anh Quan

    Tran Duc Giang

    Tran Duc Manh

    QUESTION 1

    Why companies need to innovative business model?


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    ANSWER
    3 main reason: - The pressure to crack open markets in developing countries. - The economic slowdown in the developed world.
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    - The rise of new technology-based and low-cost rivals.

    QUESTION 2

    As we know, BM needs to have interaction. So, here what is interaction?


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    ANSWER
    The key issue is interaction with two spheres: - The sphere of the customers and their perceptions in connection with your organization - The sphere of the competitors and institutions which surround you and your customers

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    QUESTION 3

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    Why do business model consists of a set of managerial choices and the consequences?

    ANSWER
    - Components of a business model obviously have the choices (policies, assets task, and governance). - However, you can see that, with every choice it gives us at least one consequence and obviously it will affect the success of the business model of a company. - For example: + Increasing in price will lead to the reducing the amount of product sales + Cutting costs will make employees unsatisfied

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    QUESTION 4

    What is the different between Flexible consequence and Rigid Consequence?


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    ANSWER
    - Flexible Consequence: respond quickly when the underlying choice changes. Ex: Choosing to increase prices => result in lower volumes - Rigid Consequence: a companys culture of frugality over time through policies; difficult to imitate. Ex: Saving Culture: Obliging employees to fly economy class, share hotel rooms,

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    QUESTION 5

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    How do companies create competitive advantage with business model?

    ANSWER
    There are three ways to compete through business model: Strengthen their own virtuous cycles: Companies can modify their business models to generate new virtuous cycles that enable then to compete more effectively with rivals.

    Block or destroy the cycles of rivals: Some companies get ahead by using the rigid consequences of their choices to weaken new entrants virtuous cycles.
    Rivals with different business models can also become partners in value creation.

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    QUESTION 6

    How the smart company can improve their virtuous cycles?


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    ANSWER
    5 Factors: 1. Executive Engagement 2. Resource Investment, 3. People, 4. Projects & Data, 5. Visibility
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    QUESTION 7

    How business model is important for businesses?


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    ANSWER

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    If we considered business model as one machine which operates enterprise, the way to build up that machine is the strategic, and the tactics is the way we run this machine. The run that machine brings to enterprise many choices, each choice gives different output, it also depends on outside factors.

    CONCLUSION
    Strategy
    (Prepare for Business model, it's base on competitive advantages)

    Business Model
    (BM)

    Tactics
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    (Operation - the way you do BM)

    Choices

    Consequences

    LOGO

    GROUP 2

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