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Some examples from this set of practice questions
1.
Explain a business system
Answer: a concrete realization of a general business model (business system = google, business model = information broker)
2.
What are the three phenomena in the Zott (2011) paper?
Answer: 1. E-business (and use of information technology in organizations) 2. Strategic issues (value creation, competitive advantage and firm performance) 3. Innovation and technology management
3.
Explain E-Business
Answer: The term refers to doing business electronically (e-commerce, e-markets, internet-based business and firms that do commercial transactions with partners and buyers over the internet).
4.
What are the 3 focusses of a business model?
Answer: - Notion of value (value stream, customer value, value proposition) - Financial aspects (revenue streams, cost structures) - Architecture of network between firm and its exchange partners (delivery channels, network relationships, logistical streams, infrastructure)
5.
what are the 4 potential sources of value creation through business models?
Answer: 1. Novelty 2. Lock-in 3. Complementarities 4. Efficiency
6.
Explain the 3 types of business model innovation?
Answer: 1. Industry models (innovations in industry supply chain) 2. Revenue models (innovations in how companies generate value) 3. Enterprise models (innovations in the role the structure of an enterprise plays in new or existing value chains)
7.
What is an important role of the business model?
Answer: unlocking the value potential embedded in new technologies and converting it into market outcomes. It is about developing individual technologies to creating whole new systems.
8.
What is the \'market model\'?
Answer: An identification and analysis of the relevant market
9.
Would people go to the Aravind Eye Care if it were free in India?
Answer: Even when free treatment was offered, transport and sustenance costs were still to high for those people, alongside lost wages for oneself & accompanying family members.
10.
How did the Aravind Eye Care manage the processes better?
Answer: by optimizing the surgeon/table/nurse/instruments combination which led to them being able to do 6-8 surgeries an hour instead of 1.
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