Professors Øystein Fjeldstad and Charles Stabell have developed a framework of three generic types of business models – Solution Shops – Employ experienced intuitively trained experts whose job is to diagnose problems and recommend solutions. High-end consulting, law, advertising firms, R&D organizations, and specialist physicians’ diagnostic activities in hospitals are examples. The firms abilities to [...]
Pankaj Ghemawat in his book on the subject, Redefining Global Strategy, presents two strategic frameworks to help companies operate across borders. Two specific frameworks are – ADDING Value Scorecard and AAA. The ADDING Value Scorecard is a framework to help companies assess whether a particular strategic move makes sense to add value to the business [...]
Business model can be best described through nine building blocks that show the logic of how a company intends to make money. The nine blocks cover the four main areas of a business: customers, offer, infrastructure, and financial viability. The business model is like a blueprint for a strategy to be implemented through organizational structures, [...]