ENTP700 Business Models and Capturing

Academic Anxiety?

Get an original paper within hours and nail the task

156 experts online

ENTP700 Business Models and Capturing

Question

Answered

Business Models and Capturing Value –12marksThe Business Model Canvas is a valuable strategic tool for defining the business model of a company and identifying how the business will create and capture valuein the market. 1.Select oneof the three innovativecompanies below and createa business model canvas for that business:•Dresst -https://www.dresst.ca/•Farmbot -https://farm.bot/•Watt Pad -https://www.wattpad.com/2.From your completed business canvas, pick 1 aspectof the model that you feel is the company’s strongest,and 1 aspectyou feel is the company’s weakest -explain why.2) Commercialization and Diffusion of Innovation–8marksRead the article: “Why All the Warby Parker Clones Are Now Imploding”https://marker.medium.com/why-all-the-warby-parker-clones-are-now-imploding-44bfcc70a00c1.The Direct to Consumer (DTC) business model has been apreferred model for many innovative new start-ups,however DTC brands are now facing challenges commercializing their products and services. Identify 3 challengespresented in the article that DTC companies are facing, and provide an example of how a companyhas beenimpacted byeachchallenge. 2.Given thechallengesnow facing DTC companies, explain whether or not you think it is still a viable business model for commercializing innovations. Support youranswer with specific rationale

Need an essay written specifically to meet your requirements?

Choose skilled experts on your subject and get an original paper within your deadline

156 experts online

Your time is important. Let us write you an essay from scratch

Tips and Tricks from our Blog