Unbundled Business Model: Characteristics & Benefits

Unbundled Business Model: Characteristics & Benefits

What is the unbundled business model? What is the benefit for a business to “unbundle” its operations? The unbundled business model is where a business divides its operations into several categories, where each category is driven by different factors and defined by its own set of rules and operating procedures. Unbundling can be done for several reasons, but the main goal is always to improve the company’s efficiency. In this article, we’ll look at the benefits of the unbundled business model.

5 Different Types of Business Models to Consider

5 Different Types of Business Models to Consider

What makes a successful business model? What are the different types of business models? A successful business model is one that creates, and over time, builds upon a competitive advantage. In their book Business Model Generation, authors Osterwalder and Pigneur discuss five different types of business models: 1) unbundled, 2) long tail, 3) multi-sided platform, 4) free, and 5) open. We’ll take a look at the key elements of each of these formulas below.

Product Planning: Story Mapping & Customer Discovery

Product Planning: Story Mapping & Customer Discovery

What is story mapping in reference to product planning? How does the customer discovery process help you find reference customers? There are two techniques you should use during the planning stage in product development: story mapping and customer discovery. Story mapping helps companies plan how to build products and customer discovery helps you find your loyal customers. Read about each technique below.

Business Model Canvas: Key Resources

Business Model Canvas: Key Resources

What resources does your business deploy to create and deliver value to customers? What are the four main categories of a business’s key resources? Businesses’ key resources will typically fall into four categories: material, monetary, intellectual, and human. Typically, companies first identify the required resources to manufacture and distribute their services to customers. But there is an alternative way: some businesses use their resource limitations to inspire innovation. Keep reading to learn about Business Model Canvas’s key resources strategy.

The Case Against Product Line Extensions

The Case Against Product Line Extensions

Is it ever a good idea to do a product line extension? What are the advantages and drawbacks? In Positioning, Al Ries and Jack Trout outline the conditions that should be met before you do a line extension. They also explain why market leaders generally avoid line extensions. Keep reading to learn about the disadvantages of product line extensions and when it’s advisable to go in that direction.

Reasons Why New Products Fail (and How to Succeed)

Reasons Why New Products Fail (and How to Succeed)

What are the main reasons why new products fail? Does it mean that it’s a bad product? What could the creators have done differently? In his book Inspired: How to Create Tech Products Customers Love, Marty Cagan says that many new products tend to fail when they’re introduced in the market. However, this is often due to the product development process and not because of the product itself. Here are the top reasons why new products fail and how to avoid the common pitfalls.

6 Steps to Effective Problem Solving in the Workplace

6 Steps to Effective Problem Solving in the Workplace

Do you often solve problems as part of your job? Why is it important for a company to have a standard problem-solving roadmap for employees to follow? Problem-solving is a part of everyone’s job, no matter the role. Hence, it’s important to come up with a problem-solving process and ensure every employee knows it like the back of their hand. Here are six steps to effective problem solving in the workplace.

Funding a Social Cause: Nonprofit Business Models

Funding a Social Cause: Nonprofit Business Models

Do nonprofits need a business model? What revenue models are most common amongst nonprofit and social cause organizations? Although nonprofit and social causes organizations do not seek to make profits in the conventional sense, they still need to have a business model to plan how they will meet their objectives and cover their expenses. According to business experts Osterwalder and Pigneur, there are two main nonprofit business models: 1) donor-supported organizations, and 2) organizations that balance profit with social and environmental impact. We’ll discuss both of these concepts below.

How to Optimize Sales Time Management

How to Optimize Sales Time Management

What role does time management play in sales? What are some things you can do to cut back on unnecessary activities that distract you from what matters most—driving sales? The first step to building a high-performing sales operation is effective time management. Implementing a time management system in your sales activities will enable you to extract the most productivity and value from your days.  Here are some tips on cut back on unnecessary activities so you could spend that time driving your business’s sales.

Building a Product Development Team: The 3 Roles

Building a Product Development Team: The 3 Roles

Who are the most important players on a product development team? What are each person’s roles and responsibilities? Product development teams are made up of three key positions: the product manager, the UX designer, and the engineers. Without these three key roles, a product is doomed to fail no matter how good the concept is. Continue reading to learn about each key role, plus the five additional roles.