Business-model sentence example
Most organizations aren't sufficiently agile to shift as their product shifts, and so they may have the right product but the wrong business model.
While the current business model of eBay seems to be focusing more on large volume "Buy It Now" types of sellers, there are still good deals to be found on eBay and other auction websites.
Chesbrough states " An inferior technology with a better business model will often trump a better technology commercialized through an inferior business model.
Every business model has to make money somehow, that's how business works.
Our proposed business model resembled that of other online companies featuring job sites; we charged prospective employer to post jobs and obtain access to our pool of job seekers.Advertisement
You may decide to invest all of that positive cash flow into growth and that's okay. But you need to be honestly convinced the business model can and will generate cash.
You waste valuable time being overly focused on the business model early on because you don't yet know what the actual product will be.
Paradoxically, emphasizing a business model prematurely, you may block yourself from the best money-making opportunities.
Scaling a flawed business model that's small turns it into a flawed business model that's big.
Getting the business model right is not optional; it's a requirement and you need to nail it.Advertisement
The good news is that it's generally easier to find the right business model than it is to get the product right because the number of foundational business models is more limited.
Throw out the business model that you brought to the startup or at least be willing to reassess it and determine if it's viable.
But once you have customer traction and a strong business model in place, you want and need customers-lots of them.
Tens of millions of dollars are lost when a company, often flush with cash, attempts to get big before they've nailed the business model or achieved product/market fit.
Keeping costs low bought me time-time that we needed to figure out both the product and the business model.Advertisement
Your gut will tell you when the current product or business model is not going to work and iterations are not going to get you there.
Your account can be set up to include everything you need to sell products and take payments using an e-commerce business model.
It is the goal of Mountain Rose Herbs to provide a business model for other green companies to follow.
This business model was fashioned after Avon and Mary Kay, who both had shown how successful in home sales could be.
The company was started in 1865, and has a long history of success on which their current 21st century business model is based.Advertisement
First act has a philosophy and a transparent business model that makes it much more interesting than the average, large-run production guitar manufacturers out there.
Their unique business model allows the company to be both farmer and consumer friendly.
Some operations managers simply start out as retail salespersons and are promoted up through the ranks once they learn more about the company and business model.
TixSave.com built its business model on the philosophy of keeping prices low and passing the savings on to their customers.
Since this business model means Papa Murphy's requires less space and equipment than other restaurants, they are able to sell their pizzas at a lower price than you'd expect to pay for a traditional pizza delivery.Advertisement
In its debut season, Private Practice episodes focused on Addison's relocation to Los Angeles from Seattle and her adapting to a new business model from surgeon to caregiver.
The wireless Internet service business model is young, and there is debate about whether free or fee-based access is the best decision for a business.
For most companies, truly adopting a high performance business model requires major changes in thinking patterns and actions.
They have a patented business model and their startup model is free.
The Secret of Aisle 19 is the foundation of Escape International's business model.Advertisement
Franchises give you an already established business model to follow, provide you with advertising and management support, and help you to grow the business.
You may have to create your own business model through trial and error.
Start ups benefit from learning if their business model can be effective in the local marketplace.
The music industry managed to bring down the original free file sharing program, Napster, and forced them to change their business model so that the labels profited from songs distributed by Napster.
The Real Rhapsody music download business model is not for everyone, however.Advertisement
It has since become our full-time business model.
The business model must work because customers keep coming.