MGMT2998 Business Strategy and Business Model
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- Course Code: MGMT2998
- Course Title: Business Strategy
- Referencing Styles: APA
- Words: 1000
- University: Bow Valley College
- Country: CA
Learning Activity 2.3: Identify Types of Business Models Available until Wednesday, January 20, 2021, 10:00 am MST Must post first. There are many different business models that have proven successful. In today’s global business environment, entrepreneurs continue to create new business models to stay competitive.
Step 1: Find and read an online article that describes a variety of business models. Examples: Board of Innovation.
Step 2: Pick two business models that you are not very familiar with or want to know more about. E.g., direct sales, freemium, marketplace, subscription, vertical integration.
Step 3: Write a discussion post to educate your peers about these two business models. For each model, your post must include: – a brief summary of the model, specifically the value they provide and how they generate profits (types of revenue – major cost categories) – an example of a company that uses this business model and a link to the company’s website.