Digital Business, Strategy, and Innovation
15 important questions on Digital Business, Strategy, and Innovation
What is sustaining innovation
- Problem is well understood
- Existing market
- Innovation improves performance
- Customer is believable
- Market is predictable
- Traditional business methods are sufficient
What are low-end disruptions
What are new-market disruptions
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
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Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
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Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
Give examples of sustaining to disruptive innovations
- Digital camera -> cell phone
- Tom Tom -> Google maps
- Britannica encyclopedia -> Wikipedia
- Blockbuster videos -> Netflix
- Taxis -> Uber
What is the blue ocean strategy
- Create uncontested market space
- Make the competition irrelevant
- Create and capture new demand
What is the function of business models
- how they earn money and control expenditures
- economic and organizational aspects
- competition and market evolution
- interrelationships between the organization and its customers, key partners and other stakeholders
What is the main purpose of a business model
Vision - map your target's ecosystem
Options - create winning business model options
Plan - map your business model roadmap
Name 3 categories of digital business models
- Cost value (price transparency, rebates and rewards)
- Experience value (customer choice, automation, personalization)
- Platform value (marketplaces, crowdsourcing, P2P)
What is value turnover
What is value generation
What is a Stakeholder Relationship Model (SRM)
An SRM supplements the BMC by visualizing the relationships between the organization and other stakeholders.
What is an ad-based free business model
What is the commons-based peer production (CBPP) business model
What is the multi-sided platform (MSP) business model
It provides a service or product that connects two or more participant groups, playing a kind of intermediation role. Its value proposition is to enable this connection, making it easier for them to find and relate to each other.
What are the company assets of a digital business
- Infrastructure
- Core competencies (knowledge, skills)
- Innovation (research, patents, processes)
- Investments (production facilities, alliances, risk management)
- Workforce (knowledge, commitment, mobility)
- Historic factors (customer base, brand recognition)
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
