Summay: Reinventing Your Business Model

Reinventing Your Business Model By Mark Johnson, Clayton Christensen & Henning Kagermann Summary Submitted by Tiffany The article â€Å"Reinventing Your Business Model† is focused on the importance of innovating business models as a means of providing new growth and opportunities for an organization. The three authors, Johnson, Christensen and Kagermann, provide a layout to demonstrate possibilities for an organization. The first step is to understand the definition of a business model.The article explains that a business model consists of four elements that each work together to provide value. These elements include customer value proposition (CVP), which is â€Å"a way to help customers get an important job done. † Next is the profit formula which is the plan for how the company will money while provide a value to the customer. The third element, key resources, is the assets that are required in order to fulfill the customer value proposition. Lastly, key processes ar e the primary operational and managerial tasks that also assist in delivering to the customer and company. Also you can read  Business Ethics ComprisesThe authors use two business examples to illustrate the process: Tata Group’s CPV for providing safer, inexpensive transportation and Hilti’s CVP for converting from commoditization of power tools to service provider through the leasing of power tools. After explaining the business model, the authors move forward to discuss understanding when a business model is needed. Although there are opportunities when a company can disrupt competitors by producing a product that is within their current model, a business must know when it is advantageous to create a new business model.The authors state that there are five strategic circumstances that require a change: 1) An opportunity to provide value for a group that is completely shut out of a market; 2) Capitalizing on a new technology by creating a business model around it; 3) Providing a â€Å"job-to-be-done† when it doesn’t exist yet; 4) Fending off low-end disrupte rs; and 5) Responding to a shift in the basis of competition. Additionally, the authors stress that venturing into a new business model should not be taken lightly and should be pursued only when the opportunity is large enough and â€Å"game-changing† enough to warrant it.At the conclusion of the article, the authors discuss Dow Corning as an example of a company creating a completely new business model independent of their existing model. Dow Corning discovered a need for a low cost product model and ultimately established Xiameter, which is starkly different from its original model. The authors also assert the need for trial and error and a willingness to revise as keys to creating a new business model.

(Balance Scorecard) Accounting Assignment Example | Topics and Well Written Essays - 2250 words

(Balance Scorecard) Accounting - Assignment Example According to balanced score card, the performance of a firm is measured on the basis of four perspectives, which are financial, customer, internal business process or value chain and learning and growth. The name balanced scorecard reflects balance between long term and short term objectives, financial and non financial measures, leading and lagging indicators, and between internal and external perspectives. Balanced score card is more than a system of measurement. It should be transformed into a strategic management system (Brigham and Louston, 2009, p.112). The new measurement system is used to align and communicate with the new strategies of firm and to properly manage them. For this, the suggested steps could be: classification and translation of strategy and vision, communicating and linking the strategic measures and objectives, planning, setting targets and aligning strategic initiatives and enhancing the learning and strategic feedback (Chandra, 2011, p.95). There are a community group of volunteers who are taking over some greenhouses at a nursery garden with an objective to grow plants as a way of providing training to the young people with learning difficulties. The principal sources of income to this community group of volunteers will be the sale of food and plants which are grown at the site, individual funding from each of the learning disabled, grant funding and charitable donations. It is advisable to them to use an appropriate balanced scorecard for the work. The use of balanced scorecard will provide the nursery volunteers with lot of benefits and the balanced scorecard should be produced with an appropriate number of financial and non-financial measures. In addition, the grant funder can apply some key performance indicator to the contract to reassure themselves that the service is being run appropriately by the volunteers. It is important to build a balanced scorecard which communicates the strategy of firm for certain

Emirates Airlines Essay Example | Topics and Well Written Essays - 2750 words

Emirates Airlines - Essay Example This essay discusses that  Emirates Airlines growth spectrum has about changed the airlines industry. Its ambitious, well calculated and stable leadership team has offered it a highly successful performance approach. The ground-breaking ideas as well as positively aligned creativity have distinctly ensured that the business growth of Emirates airlines rises above board. However, its business ethics illustrate a changing fountain in both management and development. Equally, employee care and support appear to be an utmost mission, and this is drawn from its vast knowledge in business advancement.This paper highlights that the focus of the compensation policy is to shift the focus to employee support considerations. The relevant service offerings as explained by Chang and Yeh, are composed of a complex mix of performance management models. Ideally, the experienced approach is relatively transformed by analytical support and a keen service-based performance. The study demonstrated tha t 50% of the respondents agreed with the interview analysis that compensation policies were ideally positively felt in an organization.  The effectiveness of a compensation process was used by Emirates Airlines as an indicator for measuring its performance against the performance outcomes and growth perspectives.  The best practices within which specific work motivational devices were fully embraced indicate that the principles of management are arguably best defined by the qualitative nature of performance management.... An analysis by Boetsch et al, (2011) showed that Emirates Business Model provides core performance premises which are leveled against the performance metrics. Labour cost economies, (Babbar and Koufteros, 2008) provides a competitive profile that is based on a lean workforce. Equally, the traditional employee performance interface provides an allowable point of reference for Emirates organizational structure. To sum up, Emirates Airlines vision and mission are: â€Å"We exist to deliver the world's best in-flight experience†. The prospect of designing a performance management model provides a key step for invoking and enacting relevant mechanisms needed to accomplish practical participatory practices. Equally, studies conducted by Bennett, (1997) indicate that defined procedures and trainings are the necessary tools for identifying and meeting organizational goals and objectives. 1.2 Methodology Two major issues are fundamental in carrying out the relevant methodologies: the n ature of compensation, competitiveness, contributors and management. The revolution aiding the changing variations of the business models are established through Emirates fundamental employee-employer link. Survey Questionnaire design interface The questionnaires below are designed to gather for the 4-model alignments in compensation and performance management. The inclusiveness of compensation policies has equally enhanced the levels of developing and managing employee needs and expectations. 1.1 Compensation Efficiency Table 1: Compensation Policies Compensation policies are ideal for Emirates operations Frequency Percentage Strongly Disagree 2 5.0% Disagree 3 7.5% Neither Agree/Disagree 5 12.5% Agree 20 50.0% Strongly Agree 10 25.0% Total 40 100.0% Table 1 constitutes compensation

Gang violence Research Paper Example | Topics and Well Written Essays - 2500 words

Gang violence - Research Paper Example ThÐ µrÐ µ is thÐ µ constÐ °nt dÐ µbÐ °tÐ µ thÐ µ simplÐ µ quÐ µstion whÐ °t is thÐ µ sociÐ °l problÐ µm. ThÐ µrÐ µ Ð °rÐ µ mÐ °ny diffÐ µrÐ µnt options thÐ °t Ð °rÐ µ Ð °nd cÐ °n bÐ µ rÐ µgÐ °rdÐ µd Ð °s thÐ µ sociÐ °l problÐ µm. SociÐ °l problÐ µm is thÐ °t thrÐ µÃ °tÐ µns vÐ °luÐ µs of sociÐ µty such Ð °s lÐ °w Ð °nd ordÐ µr sociÐ °l cohÐ µsion Ð °nd stÐ °bility of sociÐ °l institutions. HowÐ µvÐ µr somÐ µ of sociÐ °l conditions thÐ °t wÐ µ Ð °rÐ µ now ignorÐ µd it is quitÐ µ possiblÐ µ should bÐ µ sÐ µÃ µn Ð °s sociÐ °l problÐ µms in futurÐ µ. SimilÐ °rly somÐ µ of sociÐ °l mÐ µchÐ °nisms thÐ °t wÐ µ bÐ µliÐ µvÐ µ sociÐ °l problÐ µms Ð °rÐ µ not considÐ µrÐ µd in Ð µÃ °rliÐ µr timÐ µs. Methodology GÐ °ng is thÐ µ group of pÐ µoplÐ µ who through orgÐ °nizÐ °tion formÐ °tion Ð °nd Ð µstÐ °blishmÐ µnt of Ð °ssÐ µmbly shÐ °rÐ µ thÐ µ common idÐ µntity. CurrÐ µntly usÐ µd it usu Ð °lly mÐ µÃ °ns thÐ µ criminÐ °l orgÐ °nizÐ °tion or criminÐ °l bÐ °ckground. In Ð µÃ °rly usÐ µ word gÐ °ng rÐ µfÐ µrs to thÐ µ group of workÐ µrs. ... MÐ °ll of Ð mÐ µricÐ ° locÐ °tion is thÐ µ Ð µxÐ °mplÐ µ of how gÐ °ng violÐ µncÐ µ cÐ °n Ð µrupt Ð °nywhÐ µrÐ µ Ð °nd thÐ °t no pÐ °rt of sociÐ µty is immunÐ µ from this problÐ µm. Ð s trÐ °dÐ µ workÐ µr in this Ð °rticlÐ µ rÐ µÃ °ds: "You simply cÐ °n not bÐ µ sÐ °fÐ µ Ð °nywhÐ µrÐ µ. ЕvÐ µry timÐ µ you turn Ð °round somÐ µonÐ µ is rÐ µmovÐ µd or bÐ µÃ °tÐ µn or killÐ µd." Why Ð °rÐ µ Ð µvÐ µnts such Ð °s mÐ °ll shooting up so oftÐ µn? Why thÐ µsÐ µ trÐ °gÐ µdiÐ µs Ð °rÐ µ still occurring? WhÐ °t is motivÐ °tion for pÐ µoplÐ µ to Ð µngÐ °gÐ µ in such immorÐ °l Ð °nd criminÐ °l bÐ µhÐ °vior? PÐ µoplÐ µ who commit such crimÐ µs Ð °s murdÐ µr fit Ð µxÐ °ct stÐ µrÐ µotypÐ µ? (Rush 85–92) SuthÐ µrlÐ °nd thÐ µory of diffÐ µrÐ µntiÐ °l Ð °ssociÐ °tion cÐ °n hÐ µlp to providÐ µ thÐ µ Ð µxplÐ °nÐ °tion to Ð °bovÐ µ quÐ µstion. SuthÐ µrlÐ °nd Ð °rguÐ µs thÐ °t criminÐ °l bÐ µhÐ °vior is not inhÐ µritÐ µd but it is lÐ µÃ °rnÐ µd in sociÐ °l intÐ µrÐ °ctions. It's just thÐ µ coincidÐ µncÐ µ thÐ °t thÐ µsÐ µ suspÐ µcts in Ð °rticlÐ µ bÐ µst friÐ µnds Ð °nd both hÐ °vÐ µ rÐ µpÐ µÃ °tÐ µdly involvÐ µd in criminÐ °l bÐ µhÐ °vior. ThÐ µ pÐ µrpÐ µtrÐ °tors in this study Ð °rÐ µ dÐ µscribÐ µd Ð °s bÐ µst friÐ µnds who hÐ °vÐ µ thÐ µ long rÐ µpÐ µÃ °tÐ µd history of violÐ °tions of lÐ °w sincÐ µ 11 yÐ µÃ °rs. In Ð °pplying thÐ µory of diffÐ µrÐ µntiÐ °l Ð °ssociÐ °tion with this study it is no coincidÐ µncÐ µ thÐ °t two suspÐ µcts to Ð µngÐ °gÐ µ in sÐ °mÐ µ dÐ µviÐ °nt Ð °ctivitiÐ µs. Judging by thÐ µir intimÐ °tÐ µ connÐ µction with pÐ µÃ µr group such Ð °s gÐ °ngs thÐ µy hÐ °vÐ µ put thÐ µmsÐ µlvÐ µs in thÐ µ Ð µnvironmÐ µnt whÐ µrÐ µ it is Ð µÃ °sy to lÐ µÃ °rn to bÐ µcomÐ µ thÐ µ criminÐ °l. ThÐ µ fÐ °ct thÐ °t mÐ µmbÐ µrs of gÐ °ng Ð µngÐ °gÐ µ d in similÐ °r Ð °ctivitiÐ µs is thÐ µ mÐ °jor fÐ °ctor in Ð µxplÐ °ining why thÐ µsÐ µ commÐ µrciÐ °l shooting took

Server Virtualization Paper Term Example | Topics and Well Written Essays - 750 words

Server Virtualization - Term Paper Example These issues become a challenge when the business is unable to respond urgently due to budget constraints. Virtualization has proven to be a reliable solution in responding to problems associated with declining floor space and power. Virtualization is exemplified best in virtual memory where computer system software is capable of utilizing more memory than is physically available. This is made possible through the swapping process that allows data to be placed at the background of hard disk. Recent developments have seen this concept being applied in server hardware, networks, laptops, system software and application software. The widespread application of virtualization is due to the fact that most of the system processing resources are normally underutilized. Simply put, much of system time is wasted given that most systems and their applications spend a considerable amount of their time in idle states (Kusnetzky, etal. 2011). Virtualization technology allows more work to be done f rom a single hardware. By creating more than one virtual machine in a single server or laptop, a business executive is able to optimize his or her system resource. This is possible since the technology is non-disruptive and it does not interfere with normal functioning of the system. With the level of abstraction given by virtualization IT managers are able to respond to urgent needs of an organization and to implement cost effective IT infrastructure. This is possible because the managers have a quick access to a centralized pool of resources. Virtualization makes it possible for hardware to function independent of applications and system. In addition, this technology enables virtual machines to be installed in any system. Also, management of operation system and application as a single unit is made possible by incorporating them into virtual machines (Kusnetzky, etal. 2011). Incase a server is overloaded; virtual machines can be deployed to a different server. This ensures that sy stem response time is not compromised and that a system is not underutilized. When the workload goes down, the virtual machines can be incorporated back to their original server so as to cut down costs by saving power. Few years ago it was not possible to exploit full potential of virtualization. This was because it was impossible deploying virtual machines in a secure environment. Server and network administrators at the time had difficulties managing virtual environment since routers and switches were not compatible with virtual machines. Nevertheless, with virtualization, management of resources was fairly easy since applications were readily available. In case a server encountered problems, virtual machines within it were readily restarted in a separate hardware. However, with automatic deployment made possible, efficiency is greatly improved since it is possible to move a virtual machine ahead of time in case a system administrator decides to service the server or to shut it do wn for some other reason. Virtualization has evolved to an extent that network vendors are able to perform certain activities which they could not few years ago. The development of BLADE network technology has seen the launch of switches (VMready) that have solved most of previous experienced problems. The switches readily recognize virtual machines within servers. The switch is also compatible with almost all Hypervisors e.g. Microsoft, VMware, Red Hat etc (Kusnetzky, etal.

Social Characteristic of the Different Races in the US Essay

Social Characteristic of the Different Races in the US - Essay Example Further 12.70% of the populations in the US are poor and this is according to the US census website, this paper discusses the social characteristics of the ethnic groups living in the US. The following diagram summarizes the components of the US population The US population which amounts to 299,398,484, of this number 66.40% are white, 14.80% Hispanic, 12.60% are black and only 4.40% are Asians. Therefore whites are the majority and only a few Asians are in the US. From the 2006 report 12.70% of the US population in 2006 was poor, for the 12.70% 595 were white, 21% Hispanic, and 16% black and only 4% were Asians, the following chart summarizes the findings from the 2006 report regarding the US population. From the above table it is evident that the majority of those living in poverty are white while Asians have the least number of individuals, who are poor, the above figures are summarized in the chart below: The level of poverty among the ethnic groups can be attributed to various factors which include level of education, economic opportunities and cultural differences and these factors are discussed below. The level of income is also an important social characteristic of the ethnic groups, the level of income for 2006 is given for each fifth dollar, the table below summarizes the values for each ethnic group. From the above table it is evident that the Asians have higher... 102,714 184,338 Asian 4,454 26,300 50,000 80,202 126,000 222,429 Hispanic 12,973 17,000 30,000 46,040 73,220 130,600 From the above table it is evident that the Asians have higher income compared to the other groups, whites have the second largest income, the Blacks have the lowest income followed the Hispanics, this data regarding the lower limit of the top five percent is summarized below: Asians therefore are high income earners while blacks are the lowest income earners, this can explain the reason why Asians have the low percentage of those that are poor. Insurance: Insurance coverage is also an important factor when analyzing these groups, the table below summarizes those who are insured, from the table below it is evident that for those that are insured only 5% are Asians, 13% are black, 15% are Hispanic and 67% are white. insured percentage Asian 14,348 5% black 39,083 13% Hispanic 44,854 15% white 196,252 67% 294,537 The following diagram summarizes the percentage of each ethnic group that is insured: Majority of those insured are white while only 5% of those insured are Asians. 67% of those insured are white, 15% of those insured are Hispanic, 13% of those insured are black and for those insured only 5% are Asians. Education attainment: We retrieved data on education attainment 2003 report; the following table summarizes the findings regarding high school and college education attainment: high school college graduate Hispanic 57.0 11.1 black 80.0 17.0 white 85.1 27.2 Asian 87.6 47.2 From the table above 57% of Hispanics have attained high school education and only 11% have attained college education, 80% of blacks have also attained high school education but only 17% have attained college education. 85.1% of white have attained high school

Kublai Khan Essay Example | Topics and Well Written Essays - 2500 words

Kublai Khan - Essay Example As Emperor, Khan initiated a symbiotic relationship between the Chinese and the Mongols, promoting a nation of tolerance and cross-cultural interaction that allowed for a flourishing of diverse arts as well as militaristic might. He exercised both military and political savvy in his actions, which contributed to a successful unification of the two primary peoples of his empire. Kublai’s power, military and political success attests to his military intelligence and daring. He was a strong man who understood strategy and possessed the ability to command respect and obedience from his subjects and people, ruling with a strong hand when necessary and promoting tolerance when possible. It was in this latter instinct that he gained perhaps his most lasting contributions, but it is also that instinct that nevertheless led to his downfall. Although he likely would not have been as successful as he was, had he not possessed political intelligence and agility, his instincts were often t owards indulgence of this tendency. He well understood the profound importance of catering to the Chinese majority, and thus took on Chinese advisors and officials as well as made a point of upholding important Chinese traditions, cultural values, and administrative practices. He commanded all his concubines, sons, daughters, and all the royal family members to adopt the Han culture and acquire the Chinese language and customs. Thus, the new China flourished under Kublai’s rule and experienced a heavy restructuring of political configuration. However, although Kublai Khan overcame many difficulties and barriers and ultimately achieved what he endeavored to do, in the end he became a disillusioned and embattled man. Through the struggles to convince his own conservative Mongol community of the need for the tolerance he promoted with the Chinese culture, he was increasingly isolated and frustrated at the end of his life. Both his military and political strength portrays his cap acity for leadership and as well as his ability to properly run a nation and allow it to flourish, but his personal failures and ideas eventually left lonely and embittered. In this essay, his contributions and legacy will be reviewed in order to see this in more depth. Family Background and Early Beginnings Genghis Khan, Kublai’s grandfather, united many of the nomadic tribes of northeast Asia and in that way founded the Mongol Empire. As Paul Ratchenevsky writes, the nomadic tribes in their territory were loosely linked tribal groups who would make stronger but still temporary confederations whenever some regional purpose called for it. Such purposes often involve war, but these were traditionally wars of a defensive nature. The tribal bands would come together whenever an outside force posed some impending danger, but their need for mobility as nomadic peoples generally prohibited any stronger or more lasting associations because of the nature of their lifestyles. Genghis Khan, through force of personality and visionary leadership managed to unite these tribes and begin offensive wars that allowed the empire to expand across Asia. Eventually, he initiated many invasions within Eurasia, thereby extending the reach and impact of his territory. In these ways, he was to be emulated by his grandson, with a combination of imaginary and charismatic leadership that led to the establishment of greater territories. Through the influence of Genghis Khan,