Nobody downloaded yet

Business entities were identified and their relationships were represented in a Business Model - Essay Example

Comments (0) Cite this document
Summary
Identifying the core business model is critical to the survival of any business organizations, and there has been a substantial amount of research in this domain by managers as well as academicians. Companies are concentrating more on creating innovative business models that will enhance their profits and help them develop sustainable competitive advantage…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Business entities were identified and their relationships were represented in a Business Model
Read TextPreview

Extract of sample "Business entities were identified and their relationships were represented in a Business Model"

Download file to see previous pages Established companies are looking for new and more innovative ways to conduct their business to compete against the rising competition and to keep off unwanted insurgents. And on the other hand this business era which can be termed as the "entrepreneur era", entrepreneurs are looking and finding ways to create new and innovative business models to carve out a niche of their own in the market. This paper concentrates on the development of a business model for a company specialising in internet marketing business. By means of the company and the development of its business model the paper offers a comprehensive study on the significance of a business model and the different integral requirements needed by a company to sketch its business model.
The main objective of this assignment being the selection of a business and creating a business model for it, the business of internet marketing was chosen. And so as to give the company more substance and originality, the company was given a fictional name, ResearchArchive. This particular name was chosen for the company as it, in more ways than some gives a prompt first impression idea of what the company and its business is about. The main business idea or the business concept behind this business venture is providing academic research materials to prospective customers.
ResearchArchive is a business enterprise that specialises in providing E-books and journals via interactive marketing. The company offers relevant web based books and journals that are needed for writing academic research papers such as term papers, dissertation papers, thesis papers etc. For the short term the company seeks to be the leading provider of E-books and E-journals and documents for students based in UK, US, Australia and New Zealand. On the long term, the company aims to be the most innovative and prolific providers of web based academic research materials catering to students all over the globe.

Marketing Objectives and Strategies

Marketing objectives are those objectives that define what behavior an organisation wants from the target markets, they comprise the measureable ends that need to be achieved (Hiebing R.G. & Cooper S.W., 2003). ResearchArchive being a web based academic research material for international students, the main marketing objectives of the company are:
To identify, reach out and communicate with the maximum number of prospective customers on a world-wide scale.
Relay the benefits and advantages of the company's business offerings to the target market.
Provision of products and services as in academic research materials that meets the requirements of the customers.
Develop a long-term and a profitable relationship with the customers.
Carve out a space for itself in the market and create a sustainable competitive advantage.
In order to successfully achieve these ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business entities were identified and their relationships were Essay”, n.d.)
Business entities were identified and their relationships were Essay. Retrieved from https://studentshare.org/miscellaneous/1515874-business-entities-were-identified-and-their-relationships-were-represented-in-a-business-model
(Business Entities Were Identified and Their Relationships Were Essay)
Business Entities Were Identified and Their Relationships Were Essay. https://studentshare.org/miscellaneous/1515874-business-entities-were-identified-and-their-relationships-were-represented-in-a-business-model.
“Business Entities Were Identified and Their Relationships Were Essay”, n.d. https://studentshare.org/miscellaneous/1515874-business-entities-were-identified-and-their-relationships-were-represented-in-a-business-model.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business entities were identified and their relationships were represented in a Business Model

Business Model

...though an integration of both creativity and innovation skills as shown in the appendix. Each of the group members was required to suggest a noble idea that would help in developing a business model suitable to solve the challenges facing the future development of the company. The ideas were merged to develop the model. The ideas suggested by the members were based on a number of factors. One of the factors is that the suggestions had to be focused towards managing the stability of the airline. Another aspect of the ideas is that they were supposed to conscious of the discontinuity aspect of the overall business strategy...
9 Pages(2250 words)Essay

Business Entities, Laws, and Regulations

...? Business entities, Laws and Regulations Insert Task Business Entities, Laws, and Regulations Introduction Business involves all activities related to buying and selling of goods in order to make a profit. There are different types of businesses which people can operate. Some of the entrepreneurs prefer being sole proprietors while others may prefer partnership depending on the personal commitment (Hillman, 1997). All types of businesses require one to have a business permit from the government to operate. For instance, a restaurant has its own regulations while building and construction has different...
5 Pages(1250 words)Term Paper

Business Entities, Laws, and Regulations

...Business Entities, Laws, and Regulations Venturing into business opportunities requires careful planning and some research on state laws, regulations and licensing. It also involves looking into the business entities, taxation, taking control, and taking liability issues into consideration. When starting up any business, one must have talent, desire and motivation. Starting up a business is an activity that should not just be completed within a night. It begins with drafting a well-thought-out and comprehensive business plan, which will improve the chance for business success. Each...
5 Pages(1250 words)Research Paper

Business Entities, Laws, and Regulations

...in the form of human resources, machines, materials and monetary capitals. All these factors play an imperative role in the process of establishing new and profitable enterprises. Therefore, prior to starting actual business operations, the initiator has to act in accordance with political and legal components with due significance. Certain decisive factors that can be identified to exist in the pursuit of establishing a business concern, such as registration of the business and other formalities, have to be thoroughly pursued before commencing its operation (Costello, “Starting New Business”). Thesis Statement The objective of this paper is to assess...
4 Pages(1000 words)Research Paper

Business Relationships

...All business to business relationships contain elements of co-operation and competition.' Discuss. Instructions: INTRODUCTION All business relationships are complicated. Most business relationships contain elements of cooperation. In addition, business relationships include competition. Further, business relationships include Internal Demand Management, Also, business relationships include Relationship and Supplier Selection. Plus, business relationships include Customer...
10 Pages(2500 words)Essay

Business entities

...develop standards by which the propriety of certain practices in the business world can be evaluated. In contrast, the empirical approach focuses on identifying definable and measurable factors within the individual psyches and social contexts that influence individual and organizational ethical behavior. (Trevino 1994) Gary Weaver and Linda Tevino have outlined three conceptions of the relationship between normative and empirical business ethics; the first, which they call the parallel relationship, rejects any efforts to link normative and empirical inquiry for both conceptual and practical reasons. The second conception, called the symbiotic...
6 Pages(1500 words)Essay

Business Model (International Business Management)

...Business Model Background The Organic apparel industry is growing very fast globally. This is due to the fact that people have realized the importance of giving back to the environment after countless years of just taking from it and sucking it dry. Everyone is trying to make a mark by giving back. Organic apparel is a relatively new concept and the decision to quickly make a mark in this industry will go a long way since it is a niche market in the fashion industry which grows and diversifies at an alarming rate. Also, the economy of Turkey recovers very fast and industrial development occurs as well. In the foreseeable future there will be heavy demand of organic apparel products, and the market will...
3 Pages(750 words)Essay

Business model

...feedback Customer Segments Segmented The selling is majorly to gamers. Key Resources 1) Top Developers 2) Strong sales force 3)Recognizable gaming brand Channels 1) Use of retailers 2) Online Nintendo store Cost Structure 1)Value driven costing Revenue Streams 1) Hardware sales 2) Software sales 3) Authority sales These are all diverse in the pricing model with each segment having a different pricing structure from the rest. References Chang, P. (2010). Strategic audits: A necessity for transforming businesses. S.l.: P. Chang. Kageyama, Y. (2013). Nintendo Wii U price will not be getting cut anytime soon. Huffington Post. Web. Srinivasan, R. (2009). Strategic management: The Indian context. New Delhi:...
4 Pages(1000 words)Assignment

Business Entities

...Running Head: BUSINESS ENTITIES Business Entities [The of the will appear here] [The of the id will appear here] [The of the course will appear here] [The name of the course number will appear here] What is your advice to Stanton? My advice to Stanton is to change his company from sole proprietorship to Limited Liability Company. When Stanton would change to this form of business entity, he would be required to change the name of the company to Air Stanton LLC. By doing so, Stanton would be passing on his liability to the company which would then be considered a separate entity from Stanton’s individual self. What are...
2 Pages(500 words)Case Study

Business Model

...General Electric Business Model Canvas General Electric Business Model Canvas 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. To better assess how the firm creates and delivers value to its clients and customer one can use...
10 Pages(2500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business entities were identified and their relationships were represented in a Business Model for FREE!

Contact Us