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Leadership-Post Mid Term
Leadership-Post Mid Term
Leaders who are able to overcome these psychological roadblocks and perceive
risks realistically can approach crisis management planning in a logical and
systematic way.
The literature suggests that organizations with early crisis identification systems
and crisis management plans already in place before the occurrence of a crisis are
significantly better prepared to manage and survive a crisis event.
In addition, these better prepared organizations have the opportunity to reposition
themselves and turn a crisis event into a strategic opportunity.
(Appelbaum et. al., 2012)
Organization’s readiness to respond to a crisis is a function of the following:
❖ The skills, abilities, and experience of a designated crisis leader
❖ A trained and well-prepared crisis team
❖ Organizational preparedness through regular drills and training
❖ Adequate organizational resources
❖ Top management support and commitment
• Crises by nature are not part of the regular work experience; therefore, effectively
managing crisis situations requires leaders to be well prepared for the unknown.
BENEFITS OF A CRISIS PLAN
Though suffering some loss is almost unavoidable, having a crisis plan in the event of an actual crisis has several
benefits and having a crisis plan in place can:
❖ Reduce the duration of a crisis
❖ Enhance or retain a corporation’s reputation
❖ Allow for quick and effective responses
❖ Improve communications
❖ Enhance coordination and cooperation
❖ Ensure ready and available resources
❖ Ensure fewer costly mistakes
❖ Ensure less panic
❖ Ensure quicker resolution of the crisis
THE THREE STAGE CRISIS MANAGEMENT PLAN
Every organization (large, small, for-profit, or nonprofit) should have a pre-crisis plan. Although
no one can develop a pre-crisis plan that would accurately anticipate and address every possibility
in the future, such a plan is still the best way to mitigate the negative consequences of any crisis.
The message in pre-crisis planning is to hope for the best and plan for the worst.
It involves imagining the worst possible scenarios that could happen to the
organization and the impact on employees, customers, and other stakeholders.
To be well prepared, the crisis plan must incorporate as many potential emergency
situations as possible. The crisis leader and the team should assess the risk of these
potential events, and evaluate their possible ramifications.
For each crisis scenario, the crisis team tries to imagine the responses of different
stakeholder groups which enhances preparation and reduces the level of confusion,
anxiety, and frustration that often ensues.
3) DO WE HAVE ALL THE NECESSARY RESOURCES IN PLACE?
Both financial and non-financial resources are needed to manage crisis and having
the right quantity and quality of resources is critical for success.
It is often the case that during a crisis, resources (people, technology, and
equipment) that are brought to bear may never have been deployed to see how
well they function together. This underscores the importance of training and drills
that simulate actual crisis situations or scenarios.
In the event of a crisis, the pre-crisis plan is put into action. The crisis leader and
his team have to step forward and manage the crisis effectively.
LEADING DURING A CRISIS
When a crisis erupts, a rapid response is vital. The crisis leader must step forward
and lead.
The effective leader focuses on three key areas :
Goals define the “What”—that is, the specific outcomes and objectives of the
crisis intervention.
People define the “Who”—getting the right people in the right positions with the
right teams.
Resources define the “how”—determining how resources will be allocated to the
right people and how they will employ such resources.
THERE ARE THREE KEY PRINCIPLES OF CRISIS LEADERSHIP:
An effective post-crisis evaluation can turn a negative event into a growth and
learning experience. Most forward-looking organizations do a postmortem. That
is, in the aftermath of a crisis, top management authorizes a review and The review
should include performance indicators such as the following:
❖ Effectiveness in communicating with key stakeholder groups
❖ Effectiveness in addressing the root cause(s) of the crisis
❖ Crisis team effectiveness
❖ Leadership effectiveness
❖ Effectiveness in dealing with victims and family members
THE FIVE-STEP CRISIS RISK
ASSESSMENT MODEL
-JAMES HUMES
(PROFESSOR OF LANGUAGE AND LEADERSHIP AT THE UNIVERSITY OF SOUTHERN COLORADO & SPEECH WRITER FOR PRESIDENTS NIXON ,FORD AND REAGAN)
HOW CAN WE BUILD A VISUAL IN LESS THAN 7 SECONDS TO FORM THE FIRST IMPRESSION AND HOW TO USE THE HALO EFFECT AS A COMMUNICATION TOOL.
2. Provide Safety
According to neuroscientist Evan Gordan, five times a second your brain is scanning the environment and asking itself if it is safe
here or dangerous?
In order for others to be willing to be listening to you , they will need to believe they are safe with you and will be heard by you at the
same they should not feel they are being taken for granted-Ensure Psychological Safety
Provide an environment that is open and supportive.
The safer they feel the stronger will their communication be.
3. Be Visible
Whether you are in the office or work remotely interact with your team regularly through
Generate the feeling- When certain people speak they do with a lot of energy. The best mantra to create that
INSPIRATION AND MOTIVATION
Subtle but important distinction between the two…
When we are inspired we are naturally drawn to do whatever feels the best
where fulfillment is the end result .
It comes from deep within , creates effortless energy whereas motivation
comes from being pushed to achieve your goal. It might be your own ego
pushing you or an external force such as boss a contest etc.
ENGAGING IN DIALOGUE
Example-A manager and analyst interaction-manager while analyst was reporting the findings ,manager kept doing some work
on system. Though she was nodding and making sounds of acknowledgement she was clearly not present. Finally , the manager
once the presentation was over shouted out few orders. Next time not only was the deliverable late it was also not up to the
expectations of the manager.
Research shows that 47%of the working hours is spent thinking about something other than what they are doing.
“ A wondering mind is an unhappy mind”-M A Killingsworth and D T Gilbert.
When this happens people become less and less open to your communication.
HOW TO BE MORE PRESENT
Eliminate distractions- Fast paced work environment, demands tempt us to multi task but ensure while interacting
with someone you shut down everything else. Another approach to deal this is to organize your day in a better manner
and have everything sorted and are in place then it is less likely that you will be distracted while speaking to someone.
Practice Mindfulness- Headspace an online health care company states that by training ourselves to be more present
through mindfulness we create opportunities to be more attentive, aware and productive & less reactive, overwhelmed
and on auto-pilot.
When feel distracted take quick breaks ,quiet the internal clutter and gain clarity. Before engaging with someone tell
yourself that you will return to what you were working in full swing but right now you will be there fully present to the
person who has come to you.
Know when to stop and listen- while engaging in meaningful dialogue one should ensure there is no monologue
going on.
Finally listen with all of your senses
This is not just about locking eye contact or nodding head, it is about truly listening right from the tone , speed of
voice…Look out if any hidden messages are being communicated etc.
EMPOWERING QUESTIONS
Empowering questions get people to think and to discover their own answers.
These questions should get your people to think, build perspectives which they
never thought of earlier and thereby make them more able and competitive.
This will make them more contributing and place ownership of the results onto
them.
Things like
What is important about that?
What is the real challenge?
What kind of support do you need to ensure success?
HOW FREQUENT SHOULD YOU
MEET YOUR TEAM
Gallup found that employees whose managers hold regular meetings with their team are
almost three times likely to be more engaged in comparison to people with whom regular
meeting are not held.
Based on the following the frequency can be determined.
SEVERITY,
URGENCY AND
NEWNESS- new employees will need more guidance
5. Provide clarification
Allow space during the initial meeting for questions to be asked and clarification to be made. Before ending the meeting have
them restate the agreed upon details including outcomes, process, deadlines and next steps. In some instances when the request is
more complex , a recap provided in writing is best. Bottom line when they leave should leave feel clear on your request and
confident that they can meet your expectations. Checklist for must haves so the next time you make a request you are thinking
ALIGNING GOALS
As a leader the greatest responsibility , is to create synergy between your organization and
team.
There are several benefits of alignment of goals:
Better Employee engagement
Better retention
Less confusion
Increased Decision making
Higher customer satisfaction
Greater company revenue
Goal alignment involves the unification of three pillars – organizational goals, team goals, and individual goals.
TO INCREASE EMPLOYEE’S
ALIGNMENT TO COMPANY’S GOALS
AND PRIORITIES
Clarify your organization’s goals and priorities- It is a mistake to assume that your
employees are well aware of the company’s goals.
Bring your team together to describe where the company has been ,where it is going, what the
organization stands for and why?
Avoid the jargon- Usage of complicated terms to impress rather than inform should not
happen.
Coordinate around a bigger vision- Rather than just a promotion, employees should be
encouraged to see a bigger picture i.e. things like where do you see yourself in the next 3 years.
Continue goals relentlessly-Just because you have had your initial meeting with your team
that doesn’t mean they will retain all the goals. Weekly assessments and discussions should be
held to reinforce the goals among the employees.
EFFECTIVE COMMUNICATION
Communication is a process by which information is exchanged between individuals through a common system of
symbols, signs, or behavior.
(Merriam-Webster Dictionary)
Effective communication involves the ability to transmit and receive information with a high probability that the
intended message is passed from sender to receiver.
Communication effectiveness is the degree to which someone tells others something and ensures that they
understand what was said
(Bass & Stogdill,1990).
IMPORTANCE OF EFFECTIVE
COMMUNICATION
Better response from all stakeholders
Quick in problem solving
Strong decision making
More Productivity
Consistence in the work flow
Better control
Advanced professional Image
Strong Business Relation
EXAMPLE OF EFFECTIVE
COMMUNICATION
Google CEO motivational speech
Some of effective ways applied in communication practice by Sundar
Pichai
Use of Humor
Clarity about the ideas
Non verbal actions
Body Language
Use of Visual Aids
Moderate Pace of Speech
Use of whole stage (Continuous movement)
INSPIRATIONAL
COMMUNICATION
One of dictionary meaning of Inspiration is “communication to
the spirit”
Even though everyone can communicate, most people can’t
communicate in an inspirational way.
The source of inspirational communication comes from the heart,
not the head. It is based on the vision a leader has for his business,
and it is conveyed on a level that surpasses and transcends the
brain. It is more heart than head.
More engaging than informing.
Inspirational communication is all about creating that energy and
motivation to get people to do what you want them to do and
follow your lead.
HOW TO BE INSPIRATIONAL
COMMUNICATOR
Finding Your Inspirational Side - The biggest and most
important feature of something that is inspirational is in
the underlying message of the story. That message uses a
powerful belief that moves the audience. In a sense, the
belief behind your story is what makes your
communication speak to the spirit.
Something People Can Believe In - Not every belief will
work though. It has to be something your audience can
directly relate to. It’s also important to make the
underlying belief of your story something believable.
Articulate your vision The delivery of your inspiring
belief is just as important as the belief itself.
Be Uplifting and Empowering Your message needs to be
positive and uplifting so it leaves the person feeling better
than before.
INDRA NOOYI INSPIRATIONAL
SPEECH
• PepsiCo's former chair and CEO Indra Nooyi retired in 2019 after 24 years with the company,
half of which she spent in the top job.
• As CEO, she thwarted a bid to break up PepsiCo, nearly doubled sales and introduced
healthier products and environmentally friendly practices.
• Her fortune stems from stock she was granted while working at PepsiCo.
• Nooyi joined the board of Amazon in 2019.
• Nooyi grew up in India and got an MBA from Yale before becoming one of corporate
America's few female CEOs in 2006.
EXAMPLE OF INSPIRATIONAL
COMMUNICATION
Three lessons Indra Nooyi shared in her speech
You have seventy minutes. In the coming years, no matter what happens,whether you win or lose....no body can take
these seventy minutes away from you.
Chak De India Movie Inspirational Communication by Sharukh Khan Playing role of hockey team Coach
I am not going to tell you how to play this game. Instead, you will tell me – by playing the game.
If every player in this team, plays the best hockey of her life...then even God himself cannot take these seventy
minutes away from you.
SUPPORTIVE
COMMUNICATION
Supportive Communication is a kind of interpersonal communication that helps
you communicate accurately and honestly, especially in difficult circumstances,
without jeopardizing interpersonal relationships.
But when you have to correct someone else’s behavior,when you have to deliver
negative feedback, or when you have to point out shortcomings of another
person, communicating in a way that builds and strengthens the relationship is
more difficult.
It is not hard to communicate supportively—to express confidence, trust &
openness—when things are good and when people are doing what you like.
EIGHT PRINCIPLES OF SUPPORTIVE
COMMUNICATION
1. Supportive Communication Is Based on Congruence, Not Incongruence
The best relationships, are based on congruence. That is, what is communicated, verbally and nonverbally, matches
exactly what you are thinking and feeling.
Two kinds of incongruence are possible:
o One is a mismatch between what you are experiencing and what you are aware of.
E.g. Deep seeded anger, sadness, or fear
o Second is a mismatch between what you think or feel and what you communicate. E.g. feeling guilty
about one’s thoughts or feelings, thinking them to be inappropriate or wrong.
2.SUPPORTIVE COMMUNICATION IS DESCRIPTIVE,
NOT EVALUATIVE
Taking responsibility for your statements and acknowledging that the source of the ideas is yourself and not
Disowned communication is suggested when you use third person or first-person-plural words: “We think,”
“In any conversation, the person who talks the most is the
one who learns the least about the other person. The good
supervisor therefore must become a good listener.”
EXAMPLE OF SUPPORTIVE COMMUNICATION
After Mahesh left, Ram blasted Shyam, but Shyam was unapologetic. Shyam said, “One wrong decision, and we
would lose Alexander. He contributes 40% of my total territory. I do not want to be a non-achiever, so I went to
Mahesh.”
1. What should be the prospective negotiation strategy of ABC Co. without price reductions of 10%?( 4C’s-
Common Interest, conflicting interest, compromise, criteria)
2. What Communication strategies can Ram adopt for dealing with Alexander?
3. What criteria should be put forth by ABC Co. in case it looks for other distributors in the long run?
❖ EXECUTIVE DEVELOPMENT
COACHING is also useful for developing high-potential prospects for purposes of succession planning.
❖ MANAGEMENT DEVELOPMENT
Supervisors and managers are on the front lines of organizational performance and need to develop skills to
motivate collective effort.
❖ CROSS-CULTURAL COACHING
As the business world continues to evolve in a global marketplace, executive coaching takes
on a new dimension: cross-cultural perspectives.
❖ HEALTH COACHING
In this age of consumer-directed health care, health coaching is taking on a more prominent
role in educating and empowering employees to make smart health care purchasing decisions
—and smarter decisions about their own health.
THE GROW COACHING
MODEL
The GROW model was created by Sir John Whitmore and colleagues in the late 1980s and has become one of the
most popular coaching models for setting goals, improving performance, and coaching
(Performance Consultants, 2020).
1. Establish the goal- Define a goal that is motivating, inspiring, and drives success.
Perhaps it is behavior that needs to change or an aspiration to be reached.
2. Examine the reality
Understand where the client is now and identify any barriers that are causing issues. Then recognize strengths,
qualities, and resources that may help.
3. Explore the options
Consider the options for moving forward. Challenge the individual or group with imaginative
coaching questions.
Perception refers to the understanding of the wider context of the mentee’s situation and goals – how it will impact the
grand scheme of things, how it will impact other people’s emotions and goals, and how it will open doors for the next
stage of progress.
Plan-
Once a target and overall path are initially decided upon, it is necessary to develop and systematically organise the first
steps along said path.
Pace-
The pace of the plan should be decided through setting timescales and deadlines for the completion of each individual
task within.
Action/Amend-
The entire STEPPPA process should be reviewed, including each individual decision that has been made.
HOW TO BECOME A BETTER
COACH
Here are three ways to become a better coach to your team and to yourself:
1. Asking questions
2. Active listening
3. Growth mindset
4. Career development
5. Self-improvement
CONFLIC
TS
Conflict occurs when opposing parties have interests or goals that appear to be incompatible.
There are a variety of sources of conflict in team, committee, work group, and
organizational settings. For example, conflict can occur when group or team members;
1. have strong differences in values, beliefs, or goals;
2. have high levels of task or lateral interdependence;
3. are competing for scarce resources or rewards;
4. are under high levels of stress; or
5. face uncertain or incompatible demands—that is, role ambiguity and role conflict.
Conflict can also occur when leaders act in a manner inconsistent with the vision and goals
they have articulated for the organization.
DIAGNOSING CONFLICT
Conflict focus
People-focused: “In-your-face” confrontations – high emotions fueled by moral indignation. Are negative conflict
that involve accusation of harm, injustice, or feeling of resentment between conflicting parties.
Issue-focused: Rational resource allocation negotiations. Can be positive or negative, and involve different parties
representing the interest of their own groups, functions, or organizations.
Big Data
A huge data set of ever increasing volume, velocity and variety (value and veracity)
It can be structured semi structured unstructured and these can all be combined.
Comprises the favourite food of AI Techniques.
Transformative Technology
Changes a social paradigm
Often affects the ‘baseline’ (e.g. of what humans need to thrive)
E.g., printing press, electricity, Internet, cell phones….Big Data driven AI?
ETHICS IN THE AGE OF BIG DATA
Today we face numerous opportunities to design AI which definitely involves acceleration of human
inspiration and creativity and promotes equity in the world.
And this doesn’t happen by default, it happens by a choice made by you and me.
We cannot expect the AI systems to take care of the ethical aspect.
Ethics has always been a human function and will remain so.
Frontiers of technological innovation have to be pushed at the same time a more just and equitable world
has to be advocated for.
Today’s decisions will be shaping the future of AI for decades. Always the ground rules set have a major
impact.
Generative AI is undergoing transformation every single day. It is making things easy at the same time
making us more creative, innovative and connected.
Across different sectors it is bringing in changes- banking, agriculture or for that matter in any
organizations.
BUILDING NEW GENERATIONS OF AI TOOLS IS
EXCITING BUT
Need to make sure we have a future we want i.e.
Equitable, Sustainable and thriving
For that we should be able to create ethically grounded frameworks quickly as we
swiftly advance the frontiers of innovation
We need to translate intuitions and hopes into clear principles of decision making.
SOME OF THE THINGS THAT ARE
EXPECTED.
Accountability
Explainability
Fairness
Human Control
Non-discrimination
Privacy
Professional responsibility
Promotion of human values
Safety
Security
Transparency
3 PILLARS OF FRAMEWORK
We could use a 3 part framework for evaluating and advising organizations
on the creation of ethically grounded framework which works well for both
technologists and non technologists.
Reasonable Data Practices
Well defined boundaries on safe and appropriate use
Robust transparency
REASONABLE DATA PRACTICES
What is the source of training data?
What has been done to reduce the bias in the data?
How might the data we are using perpetuate historic bias?
What opportunities are there to reduce the bias based decision making in
future?
BOUNDARIES ON SAFE AND
APPROPRIATE USE
Who is the target population?
What are the main goals and incentives?
What is the main responsible way to achieve these goals?
TEA TESTING
Transparency-shared? Understood?
Engagement-Stake holders, Ripple Effect ( i.e. next who…then what?)
Accountability-Ethics is about relationships and our responsibilities to each other.
TECHNOLOGY IMPLANT
Second Sight
A company that started in the early 2000’s
Creates implantable
Argus retinal prosthesis, also known as a bionic eye
, is an electronic
retinal implant manufactured by the American com
pany Second Sight Medical Products. It is used as a
visual prosthesis to improve the vision of people wit
h severe cases of retinitis pigmentosa
.
But later the project discontinued…Participants
were left with implanted obsolete technology.
Argus II cost for one patient – the device itself was
priced between $115,000 to $150,000, with surgery
and months- or years-long one-on-one rehabilitation
A TEA TEST DONE
Transparency-
Users were not notified of discontinuation until they contacted the company
Did users understand or even think that the tech they implanted would be discontinued and will
not be able to be removed easily.
Eg. A person was not able to take an MRI since they did not know if it was safe to do so with
such implantations nor did they have anyone to contact.
Eg. A lady while travelling in the metro suddenly hears a beep-beep and a message that her
device is powering off and her vision is lost again.
Engagement-
Community members, advocacy groups including those who support social model of disability.
Accountability-
Did the organization and the organization’s leadership address the discontinuation of the
product appropriately? How will they hold themselves responsible for moving forward with
Orion model- a brain device which is a different model but provides artificial vision itself.
KOKO AND GPT-3
WHAT IS KOKO?
Mental health chat service
Provides anonymous peer support( dating, work, friendship,school, family)
Not for crisis situations
Koko bot matches anonymous users within the peer support network.
IN 2023…
The public learned that some of the responses were written by the chat bot namely koko
chat bot.
What happened?
What people got outraged about?
Koko is a peer-to-peer messaging service for mental health support. Users post messages
anonymously, and other users answer them anonymously. According to tweets from its CEO,
Rob Morris, it ran an experiment where help-givers had the option to generate draft messages
with OpenAI's ChatGPT. The human helper then had a few options – send the message
without editing, edit it and then send, or scrap it and write their own. By analyzing thousands
of chats with and without ChatGPT, the company said it found people rated ChatGPT-
assisted messages more highly than human-composed messages.
At first it appeared that recipients of help weren’t informed of ChatGPT’s involvement, and
several mainstream media outlets reported the story as such. “Mental health service used an
AI chatbot without telling people first” read the headline of a New Scientist article, which
has since been changed. Later, articles in Gizmodo and Vice clarified that all users were
informed, and AI-generated messages came with a notice saying ‘written in collaboration
with kokobot’. It was easy to get the wrong impression, though. Morris had said on Twitter,
“once people learned the messages were co-created by a machine, it didn’t work” - which
implied they hadn’t been initially informed.
People wanted to know, did Koko have this reviewed by an IRB (Institutional Review
Board)? The CEO responded, correctly, that IRB review wasn’t required. Further outrage
ensued. This kind of experimentation is wildly unethical and probably illegal, folks said.
WHAT WAS THE REAL
ISSUE?
Transparency is one of the core principles of AI ethics frameworks such as the EU Ethics Guidelines, the
IEEE Ethically Aligned Design guidelines, the OECD AI Principles, and many others. In fact, a systematic review
of AI ethics principles revealed that transparency was the single most common principle found in AI ethics
frameworks. Transparency includes many elements, but one of the most basic requirements is that users know
when they’re interacting with AI.
In this, Koko appeared to have failed. In Morris’s initial descriptions, it sounded as if support-givers knew they
were using ChatGPT, but support-receivers didn’t. If this had been true, it would have been a clear violation of one
of the most universally-agreed-upon principles in AI ethics.
We can learn something else about transparency from this incident: having a human in the loop doesn’t remove the
need for transparency. Even though Morris always made it clear that humans were reviewing every ChatGPT-
generated message and deciding whether to use it, people were outraged at the idea that recipients didn’t know the
messages came from an algorithm. If there’s one important takeaway here, it’s this: people really want to know
when they’re interacting with AI.
DEEP FAKE
TECHNOLOGY
WHAT IS DEEP FAKE
TECHNOLOGY?
Deep fake technology is a type of artificial intelligence that can manipulate videos
and images to create highly realistic digital content that appears to be genuine.
Deep fake technology has been used for various purposes, including political
propaganda, celebrity pornography, and identity theft.
One of the most significant ethical concerns regarding deep fake technology is its
potential to deceive and manipulate individuals. Deep fake technology can create
highly realistic videos and images that are almost impossible to distinguish from
real ones. This raises concerns about the potential for deep fake technology to be
used for malicious purposes, such as creating fake news, spreading misinformation,
or manipulating public opinion.
IDENTITY THEFT
OpenAI indicated that limiting its training data set to copyright-free material would create AI chatbots that
cannot meet the average user's minimum requirements. Per the company's submission and defense strategy,
it's apparent that "fair use" of copyrighted content is its entire lifeline.
Fair use of copyright resources creates a gray area, ultimately presenting a scenario where chatbots can obtain
and use copyrighted information without necessarily seeking permission from the owner first. "Legally,
copyright law does not forbid training," OpenAI added.
1. Free:
1. In this model, the approach is still relatively intuitive. The entire offer in the form of the product or service is provided
free of charge.
2. The “Free” model offers core products or services at no cost to users.
3. Revenue is generated purely through advertising on the respective URL. through alternative means, such as advertising,
freemium upgrades, or data monetization.
4. Example: Facebook is a social media platform that offers its core services (connecting people, and sharing content) for
free to users. It generates revenue primarily through digital advertising. Advertisers pay to display targeted ads to users
based on their interests and behaviors.
2.On-Demand:On-demand models provide immediate access to products or services when users need them.
Examples include ride-sharing services like Uber and food delivery apps like Swiggy.
Convenience and real-time fulfilment are key features.
Example: Uber is a ride-sharing service that allows users to request rides on-demand using a mobile app. Users
can request rides in real-time, and drivers respond to these requests, providing convenient transportation
3.E-commerce: E-commerce businesses sell products or services online, often through their websites or platforms
like Shopify or WooCommerce.
They can range from small online boutiques to large-scale retailers like Amazon.
E-commerce often involves various business models, including B2C (business-to-consumer) and B2B (business-
to-business).
Example: Amazon is one of the world’s largest e-commerce platforms, offering a wide range of products for sale
online. It operates both as a B2C (selling products directly to consumers) and a B2B (offering marketplace
services to third-party sellers) e-commerce platform
4.Marketplace (also peer-to-peer):
1. Online marketplaces act as intermediaries connecting buyers and sellers.
2. They often charge fees or commissions for transactions.
3. Marketplaces can focus on various niches, such as products, services, or accommodation.
4. Example: Airbnb is an online marketplace that connects travelers with hosts offering accommodations, which can be
apartments, houses, or even unique stays. It charges hosts and guests fees for bookings made through the platform, acting
as an intermediary.
5.Access-Over-Ownership:
5. This model emphasizes access to goods or services rather than ownership.
6. Businesses rent or lease products to users, offering cost-effective and sustainable alternatives.
7. Car-sharing services like Zipcar and equipment rental platforms follow this model.
8. Example: Zipcar is a car-sharing service that allows users to rent cars by the hour or day. Users access Zipcar’s fleet of
vehicles when needed, avoiding the need to own a car themselves.
6. Ecosystem models create an interconnected network of products, services, or platforms.
They encourage users to stay within the ecosystem for various needs.Example: Apple Ecosystem includes hardware
devices (iPhone, Mac), software (iOS, macOS), the App Store, iCloud, and other services. Users are encouraged to
stay within the Apple ecosystem, as products and services work seamlessly together (e.g., iCloud for data storage).
The Apple ecosystem is known for its seamless integration, such as AirDrop, which can create a sense of
vendor lock-in, where users are incentivized to use Apple products exclusively.
7.Experience:
1. Experience-based models focus on providing unique and immersive experiences.
2. Businesses charge for access to experiences, such as virtual reality (VR) experiences, live events, or themed
entertainment.
3. Example: Disneyland is a theme park known for providing unique and immersive experiences to visitors.
Visitors purchase tickets for entry and pay for additional experiences and attractions within the park.
8.Subscription: Subscription models offer recurring revenue streams and build customer loyalty.
• Businesses often offer tiered pricing with varying features or content access.
• They require a focus on retaining subscribers and continuously providing value.
• Example: Netflix is a subscription-based streaming service that offers a vast library of movies and TV shows. It offers
multiple subscription tiers with varying features and content access, including options for streaming quality.
9.Open Source:
1. Open-source models involve sharing software, code, or intellectual property freely with the community.
2. Revenue is often generated through support, customization, or premium versions.
3. Example: Linux Operating System is an open-source operating system widely used for servers and
embedded systems. Companies and individuals can use Linux for free, but revenue is generated through
support services, certifications, and customized solutions.
10. Hidden Revenue: Hidden revenue models offer a free or low-cost product but generate income through less
visible channels.
• For instance, some mobile apps collect user data and sell it to advertisers without explicit user knowledge.
• This model can raise ethical and privacy concerns.
• Example: Free Weather Apps, Some free weather apps collect user location data and weather preferences,
which are used for targeted advertising and data monetization. Users may not be aware that their data is being
used for these purposes, raising privacy concerns
11.Freemium:
1. Freemium model attracts users with free basic features while offering premium upgrades.
2. They can be effective for software, mobile apps, and online services.
3. Conversion rates from free to paid users are crucial for success.
4. Example: Dropbox is a cloud storage service that offers free storage with limitations and premium plans with enhanced
features. Users can store and share files for free, but premium users get additional storage and advanced sharing options.
Step Number Step Name Description
1 Define Your Objectives Clearly define your business objectives for the digital strategy, such as
revenue growth, customer base expansion, or market share increase. Specify
measurable key performance indicators (KPIs) to track progress effectively.
2 Understand Your Target Gain insights into your target audience’s needs, preferences, and behaviors
Audience through data and analytics. Develop buyer personas to create personalized
digital experiences.
3 Assess Your Current State Evaluate your existing digital capabilities and technologies to determine
their effectiveness in achieving your objectives. Identify strengths,
weaknesses, opportunities, and threats (SWOT analysis).
4 Competitor Analysis Conduct in-depth research on your competitors’ digital strategies to identify
opportunities for differentiation. Analyze their strengths and weaknesses in
the digital landscape.
5 Digital Channels and Platforms Select the most relevant digital channels and platforms (e.g., website, social
media, mobile apps) for your audience based on your objectives and
audience preferences. Explore different types of business models to fit your
strategy.
6 Content Strategy Develop a comprehensive content strategy that aligns with your objectives,
encompassing various digital media forms such as blogs, videos,
infographics, and webinars. Explore business model examples relevant to
your content.
7 Technology Stack Choose the appropriate technology stack, including content management systems,
customer relationship management (CRM) software, and analytics tools. Consider
investments in software, tools, or infrastructure that align with your business
modeling.
8 Data and Analytics Implement robust data collection and analytics tools to track KPIs and make data-
driven decisions. Develop a data governance framework to ensure data accuracy,
privacy, and compliance in your business modeling.
9 User Experience (UX) Design Prioritize UX design to ensure a seamless and user-friendly digital experience for
your audience. Conduct usability testing and optimize user journeys as part of your
digital strategies.
10 Security and Compliance Address security and compliance requirements, particularly when handling sensitive
customer data. Implement encryption, secure authentication, and compliance controls
as part of your business modeling.
11 Mobile Optimization Optimize digital assets for mobile devices, recognizing the importance of mobile
responsiveness. Ensure that your website and apps provide an exceptional mobile user
experience in alignment with your types of business models.
12 Content Marketing and SEO Create a content marketing strategy with SEO techniques to enhance your online
visibility. Identify relevant keywords and optimize content for search engines in your
business modeling.
13 Social Media Strategy Develop a social media strategy tailored to each platform’s unique requirements and
audience expectations. Plan content calendars, engage with followers, and measure
social media ROI in your digital strategies.
14 Testing and Optimization Continuously test and optimize digital initiatives using A/B testing and user feedback
for improvements. Conduct regular website and app performance audits to enhance
your business models.
15 Budgeting and Resource Allocate budget and resources to support the execution of your digital strategy,
Allocation both short-term and long-term. Prioritize investments in areas that align with
your objectives and types of business models.
16 Training and Skill Development Ensure your team possesses the necessary skills and training for implementing
and managing digital initiatives. Provide training on new tools and technologies
as needed in your digital strategies.
17 Measurement and Reporting Set up a robust reporting system to track KPIs and regularly review progress,
adjusting the strategy as needed. Create data-driven dashboards and reports for
stakeholders to support your business modeling.
18 Scalability and Future Planning Plan for scalability as your business grows and stay informed about emerging
technologies and trends for future planning. Consider the potential impact of
future disruptions on your digital strategies and types of business models.
19 Execution and Monitoring Execute your digital strategy while closely monitoring its performance, and
adapting to evolving market conditions. Regularly review analytics, and address
issues promptly to support your business models.
20 Feedback and Iteration Gather feedback from customers and stakeholders to iteratively improve your
digital strategy over time. Use feedback to make data-backed adjustments and
optimize user experiences in your business modeling.