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What role should external factors of demand play in successful business models? NOTE: First, fully define the role and then analyz

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  • Post Date 2018-11-05T12:07:19+00:00
  • Post Category Essays

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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.

Business Model Generation Exercise 2: External Factors of Demand

INSTRUCTIONS:

You must use the textbook "Business Model Generation" by Osterwalder & Pigneur to complete the research questions below. In addition, you will need two additional references/sources.
Must be original work, will be submitted thru plagiarism software upon submission. Need native english speaker to write this paper.
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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.

CONTENT:

Business Model Generation Exercise 2 Student: Professor: Institution: Course title: Date: 1. The role external factors of demand should play in successful business model External factors of demand should play an essential role in the provision of a design space therefore, demand should be understood and scanned to help come up with prospective business model alternatives and prototypes that are successful and are for the future. Continuous scanning of the environment is vital due to the complexity changes in the economic landscape, coupled by uncertainty and market disruptions. The business model according to Rhodes (2013) got its significance from the emergence of the internet, technological innovations and globalization. Understanding changes in external factors of demand helps in the sustainability and flexibility of the business model to shift and adapt to external forces. The external environment is a design space that adapts the business model and its design drivers like technology, customers, needs and design constraints like competitors. Understanding the external demand does not limit creativity of the business model, but it promotes the design choices that inform on the d

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