BUSINESS MODEL

Question 1

What are the elements?

Answer 1

Key Partners
Key Activities
Key Ressources
Value Propositions
Customer Relationship
Channels
Customer Segments
Cost Structure
Revenue Streams

Question 2

Steps of the Customer Centered Innovation Map

Answer 2

1. DEFINE - determine goals and plan resources
2. LOCATE - gather items and info. needed to do the job
3. PREPARE - set up environment to do the job
4. CONFIRM - verify that they are ready to perform the job
5. EXECUTE - carry out the job
6. MONITOR - access wether the joy is being successfully executed
7. MODIFY - make alternative actions to improve execution
8. CONCLUDE - finish job or prepare to repeat it

Question 3

Key properties of digitalisation?

Answer 3

Free - digital goods are free in that, once something is digitised, its essentially free to make an additional copy
PERFECT - copy can be perfect. digital copy is identical to digital original, unlike photicopy of a photocopy the quality of digital copies doesn’t deteriorate with successive copies
INSTANT - its possible to make copy instantly

Question 4

Concepts of AI

Answer 4

Artificial Intelligence since 1950s, Machine Learning sind 1980s, Deep Learning since 2010s

Question 5

Forms of digital platforms with examples

Answer 5

one-sided platforms: WhatsApp, Dropbox
two-sided platforms: Uber, etsy
n-sided platforms: three or more category of users who benefit from each other f.e. Apple System which is for apple phone buyers, the company and iOS app developers (3 sided

Question 6

Difference between core and crowd?

Answer 6

core = centralised organization (business or institution) representing ppl inside the organization (including experts with deep experience in an industry)
crowd = billions of decentralised digitally connected ppl who may be able to help company (if invited and getting benefit from doing)