Policy and Strategy in Global Competition Business Coursework (Coursework Sample)

Instructions:

BUSINESS MODEL GENERATION EXERCISE 2 INSTRUCTIONS
In the last 2 chapters of Business Model Generation, the authors describe and analyze the strategy and process for developing successful business models. After carefully reading and understanding these chapters, answer these research questions:
• RQ1 What role should external factors of demand play in successful business models? NOTE: First, fully define the role and then analyze or discuss. This must be at least 4 paragraphs.
• RQ2 What is “Business Model Design and Innovation”? Provide examples and discussion for each factor listed. This must be at least 3 paragraphs.
• RQ3 What are the challenges to “Business Model Design and Innovation”? This must be at least 3 paragraphs.
Deliverables:
• This assignment must be in a business professional format with a cover page in current APA format and must contain at least 600–800 words. This assignment must also include current APA citations and references.
• You must post the final draft of this assignment in Blackboard using the SafeAssign link provided. Before submitting your final draft, check for any plagiarism issues with the SafeAssign Draft link provided. NOTE: All SafeAssign scores must be less than 28%.
Submit this assignment by 11:59 pm (ET) on Sunday of Module/Week 5.
Osterwalder, A., & Pigneur, Y. (2010). Business model generation. Hoboken, NJ: John Wiley & Sons. ISBN: 9780470876411.
Liberty University School of Business (Current). BUSI 690 Casebook (Ebook).
Rothaermel, F. T. (2017). Strategic management concepts (Custom 3rd ed.) New York, NY: McGraw-Hill.

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Content:

Policy and Strategy in Global Competition
Student’s name
Institution affiliation
Business model design and innovation.
A business model describes the value a business gives to its customers, and illustrates the capabilities and resources needed to create, market and deliver the value and generate profitable sustainable streams (Osterwalder et al., 2010). It is important because it provides a business with an opportunity to redefine itself and harvest the benefits of carrying business in a new way. They are best performed after determining and validating the value proposition. Many of them depend on the value proposition.
Innovation is the commercial application and successful exploitation of new ideas to improve the business processes, bring in new and improved products and services to market and deliver, and increase the efficiency and profitability of the business (Rothaermel, 2017). It means introducing something new into the business.
Examples of business models
There are various examples of business model design that have been created and adopted by different companies. For instance, the direct sale model that involves the company marketing and selling its products and services directly to consumers from a fixed retail position. This can be through personal contact attachments like party plans (Osterwalder et al., 2010). Secondly, the collective business model in which the business is composed up of a number of businesses, professionals, or trade persons in the same or related fields

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Policy and Strategy in Global Competition Business Coursework (Coursework Sample)

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