Business Models: An Introduction (Second Edition, Book 2019)
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Kindle Notes & Highlights
Read between January 15 - February 16, 2020
Business models attempt to bring some order and discipline to the chaotic process of building, growing and operating a business.
In the Net economy, the creation of value doesn’t require that kind of physical movement. Income accumulates not in the form of cash but in the form of clicks… The great thing about technology is that it forces us to figure out the world from scratch.
business creates value and extracts revenues and profits,
Operationally excellent businesses minimize the delivered cost of the products or services they offer to their customers.
Product/service innovators seek to invent and deliver the best products or services for their customers, focusing on product performance, user experience or available options.
Customer-intimate businesses deliver best total solutions by tailoring their products or services to satisfy unique, or highly-targeted, customer needs.