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Pages:
9 pages/β‰ˆ2475 words
Sources:
9 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 43.74
Topic:

Business Model Assessment #2

Essay Instructions:

Goal: Conduct/construct an experiential evaluation/assessment of the business model of your organization (or one with which you are closely familiar) using the business model canvas and related text.
Introduction: Managers who want to improve the effectiveness of their business model and organization, as well as to increase their own ability to manage, use diagnostics/assessments to determine the reality of business effectiveness in comparison to what they originally envisioned. Good feedback contributes to the development of plans to improve business/organizational effectiveness and management performance.
Instructions: Students will write a 2500-3000 word (about 10 pages in the main body) properly formatted APA paper (including a title page and references page, but no abstract) that evaluates/assesses the overall effectiveness of the business model used by your organization. This is the third of three assignments that draws from your association with your organization. The previous two “canvas” assignments flow into this one. Identify one or more of the building blocks from the business model canvas where modification should be recommended. Be careful to avoid bias in determining the issue/problem identified by using the canvas. Do not merely critique, but contribute to your organization’s overall success. This paper should be the culmination of the overall work you have done with the business model canvas so that all the pieces go together.
Your final paper should include:
• Your business model canvas – Post-It notes discussion/observations (week 2)—summarize this area, but provide the initial canvas.
• Identification of theoretical/behavioral trends that you observe in the business model and organization (week 5)—summarize this, do not merely cut and paste.
• Discussion of appropriate theory, metaphors, and frames with which to describe your business model in operation, as well as to identify areas needing improvement and how to get there.
• Use of the Osterwalder/Pigneur text to evaluate and diagnose your organization’s business model, as well as an integration of the course materials into your writing and consideration.
• Recommendations for improvements identified using the canvas, theories, and assessment tools used in this course. What are the expected outcomes.
• Use eight scholarly sources besides our textbook (especially case studies) to undergird your assertions from peer-reviewed literature.
• Thoroughly familiarize yourself with the assignment specs and ask questions if you are unsure of expectations.
The paper must have at least eight additional scholarly sources in addition to the course textbook. No abstract is necessary, but a title page and references page should be included. Write your paper in third person, even though you are writing about an organization that you are familiar with. To do this, write from the perspective of a scholar who observes and researches about the case. Therefore, first person should be avoided.
Upload your paper (.doc) in the assignment section for grading. Follow the Submissions Guidelines as listed in the Syllabus: The various assignments for this course should be submitted as Word.doc attachments in the Assignment section of our virtual classroom. Do not use macros or automatic referencing in your papers for this course. The auto features usually cause unforeseen problems in format. Plus, part of the evaluation of this paper involves your ability to write using the essentials of the APA style format. Each file OF YOUR WORK should be named in the following manner: Last name–truncated Week Number-Assignment name (abbreviated if necessary)

Essay Sample Content Preview:

Business Model Canvas
Name:
Institution:
Introduction
It is the goal of every manager to it that, their organization is operating that the most efficient rates at all the levels of the firm. This means that the staffs at the various levels understand the business goals and using the resources accorded to them and their innovative abilities to bring out the best results despite the turbulence in the markets. Responses to the turbulences are well managed and the opportunities that come with them taken into consideration (Research and markets: Apple, inc. - strategies, financial outlook and competitive benchmark analysis ,2012). For managers at apple Inc., they have been hard at work to make sure that the company is heading in the right direction and fending-off competition at every turn (Muehlhausen, 2011). At the moment it one of the leading companies in the information technology industry, majoring in personal computers, tablets, television sets, mobile smartphones and an online platform where users can access support and subscription services among others.The underlying aspect in the business model, being innovative designs with high quality assurance.
Over time the company has adopted a unique marketing strategy, market positioning supply chain management and pricing strategies among others. It is possible to evaluate the company’s business model using the business model developing canvas(Visiongain: "apple inc has made its name in providing consumer electronics and demonstrating brand strength and recognisability among a variety of computer products.",saysvisiongain report, 2009). This paper establishes the various aspect of the evaluation of the same, relative to how effective it has been and areas that require modification to fit in with the best practices. The information technology sector is constantly changing and the business model should also change with the demands placed on the company from the market (Euchner&Ganguly, 2014).
Evaluation of the business model by Apple Inc.
Key partners
For any business to thrive in any given industry, the first most crucial aspect that the managers have to consider is the key partners in the business. These are the business partners that the firm is going to be in constant contact with. Whenever there are changes in the strategies to be used in any sector of the business operations, in most cases the key partners have to be involved for the model to go through. One of the key partners that manager at Apple have to interact with are the manufacturers. Like most of the players in the industry, Apple also gets some of the parts that it uses in the devices and the content from other manufacturers. The information technology is dominated by key players in the manufacturing realm that concentrate on certain hardware and software parts. For example, there are companies that concentrate on making screens, microprocessors batteries and aspects such as these. For Apple outsourcing some of the parts from other manufactures mean that they can manage the costs of production for their devices and guarantee quality of their product at the same time. Overtime the company has relied in other manufacturers’ ability to produce quality products. However, it is also cru...
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