Business Model of an Organization Work †Myassignmenthelp.Com

Question: Discuss About The Business Model Of An Organization Work? Answer: Introducation The business model of an organization refers to the clear and brief synopsis of the business operation of the organization. In short, an organizations business model contains principle of business creations and the capture and delivery of the business values in terms of economy, culture and society in which the organization has spread its business. It is considered that the business model is a part of business strategies that helps the organization to implement the strategies in a proper and right way. The business of model of any organization is meant to be the translating way of value proposition to the potential for revenue growth and overall profitability (Bocken et al., 2014). This can be said in other way that the business model is the way of creating rapid revenue growth for the company. The business model signifies the business purpose and function of an organization. For the proper completion of the business function, the business model needs a background. The most demanding and effective business models are primarily based on number of fundamental business templates or business personalities, which are called the business model archetypes (Bocken et al., 2014). This business templates are often called the spectrum templates, which are the basic fundamental personalities of business models. The business archetype is the necessary factor to understand the idea of business model. The primary archetype includes the product, service and trade whereas the secondary archetype includes the brokerage, subscription, marketplace and ecosystem. These seven archetypes are the fundamental basis of the business model, which are necessary for the design of the same. The primary and the overall aim of a business model are focused on creating the business growth, which is the reflection of the customers value propositions for the business. The business activity considers the participation of the capital human resources and the physical human resources for the accomplishment of the business goals. The activity system of the business model intents the internally dependent range of organizational activities around the organization. The activities of the business determinates such as customers, stakeholders, firm and the partners of the firm are executed by the activity system of business. The central concept of the activity system presents the internal dependency of the business activities by the different components responsible for the same (Bocken et al., 2016). A clear and precise picture is reflected through the interdependencies of the business activities, which are the result of the evolution process of the organization. The evolution process c overs the duration of sustainability of the business and the expansion of the business boundaries in the competitive and constant changing market (Schaltegger, Ldeke-Freund Hansen, 2012). The potential customers, suppliers and the stakeholders are defined by the activity system of the business. Revenue architecture is one of the basic components integrated into the business model. The pricing strategies and revenue growth of the business are referred by the cost revenue architecture of the business model. This revenue architectural business model generates cost revenue of the business and consequently the business model and revenue architecture are internally connected with each other (Schaltegger, Ldeke-Freund Hansen, 2012). Moreover, the cost revenue models and the business model are complementary to each other in terms of determining the pricing and designing strategies of the product or the service provided by the firm. The razor-blade model is one of the popular cost effective revenue architecture models that include the inexpensive pricing razor and marking up of the consumables (Baden-Fuller Haefliger, 2013). Precisely, the business model and the revenue model are interdependent in terms of generating the cost revenue for the business. The business model of an organization includes the capabilities of problem solving. The business model solves the static and dynamic problems inherited from the organizations business. The business model does the execution of the operational business activities by resolving the static and dynamic issues in the business (Chen Patton, 2012). The static dimensions of the business are supportive to the organization for fulfilling the current business activities without hurdles. However, the static business components do not always help in resolving the problems as it becomes preventive for the innovative business growth of the organization. This is when theFinancial business model needs to incorporate the dynamic elements of the business in order to integrate the innovative features (Fielt, 2013). The dynamic attributes of the business model enables the organization to adjust and react appositely to the contemporary market environment. The business model design proposes the conceptualiz ation of business goals to accomplish the elastic and constant attributes of the business model for ensuring the overall revenue growth competitive international market (Zhang Lopez-Pascual, 2012). Despite of possessing the quality of problem solving, the business model is also capable of generating conflicts in the business strategies. The innovative business model is the outcome of the entrepreneurial business approaches, which do not match with the potential business approaches (Massa Tucci, 2013). This major dynamic problem arises while designing or redesigning the business model. Another static problem is common due to the wrong perception of the businessperson about the similarity of the business model and the business strategies. The convergence of the intellectual territory with the business strategies creates further issues in the business model. For example, there is the need for spatial separation while dealing with the two competing and diverse business models in the same business industry. Thus, the design of the business model requires an experienced and inclusive vision of business objectives and existing perspective of the business in the global market (Mezger, 2014). The concept of the business context denotes such a context where the entire business community is employed. The business context is the basis of business community or the specialized business vocabulary. In addition, the prime and constant notion of the business context is change. Change is the constant factor of the business as the business values and the approaches in the global business market is rapidly changing with the pace of time. The needs for the new innovative business ideas, digitalization, and the new people are resulting into the rise of big data. The concept of big data signifies the business interruption and impacts increasingly effective result on the stakeholders of the firm. For example, the big data is projecting turbulent influence on the market. One of the major information technology companies, namely Capgemini has taken the initiatives to include the big data business model into the company for the effective involvement of the nontraditional stakeholders (Wiel ki, 2013). For obtaining the business objectives, the company is designing their business models centered on big data to ensure the value proposition of the business. After the implementation and execution of the business model based on big data the failure rate of the company has been decreased and the success rate has been increased respectively (Katal, Wazid Goudar, 2013). The prime focal point of the managers of the organization is the efficient staffs and innovative technologies, as the skilled people and the technological advancement are the basic requirement of the big data. The rapid and the cost effective growth of the organization is based on the big data as well as the clear insight of the managers regarding the same. The above discourse concludes the concept of the business model is and its implementation is one of the basic units in the business. The aim and function of the business model is to plan the business strategies along with balancing various business activities performed by the variables of the organization. The business model also influences the revenue growth of the business and resolves various static and dynamic problems of the firm. The essay presents the business context and the notion of change as the constant factor of the business that is capable of influencing the business in the global aspect. The result of the constant changing values leads the organization to redesign their business model using the big data, which effectively ensures the business growth. Reference: Baden-Fuller, C., Haefliger, S. (2013). Business models and technological innovation.Long range planning,46(6), 419-426. Bocken, N. M. P., Short, S. W., Rana, P., Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes.Journal of cleaner production,65, 42-56. Bocken, N. M. P., Short, S. W., Rana, P., Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes.Journal of cleaner production,65, 42-56. Bocken, N. 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