{"id":370,"date":"2019-06-01T01:00:26","date_gmt":"2019-06-01T08:00:26","guid":{"rendered":"https:\/\/killingit.smallbizthoughts.com\/?p=370"},"modified":"2019-05-22T18:35:28","modified_gmt":"2019-05-22T18:35:28","slug":"episode-8-business-models-terminology-and-emerging-technology","status":"publish","type":"post","link":"https:\/\/killingit.smallbizthoughts.com\/2019\/06\/episode-8-business-models-terminology-and-emerging-technology\/","title":{"rendered":"Episode 8 – Business Models, Terminology, and Emerging Technology"},"content":{"rendered":"

Ryan sent us a blog post that just didn’t hit home with him. Dave breaks it into three pieces and then shreds it. Wherein we note that The Google can’t lie.<\/p>\n

Then we slip into a very serious discussion of business models and business model generation.<\/p>\n

Book: Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers<\/em> by Alexander Osterwalder and Yves Pigneur.<\/p>\n

They define the business model based on nine things (all of which contribute to value):
\n– Customer Segments
\n– Value Propositions
\n– Channels
\n– Customer Relationships
\n– Revenue Streams
\n– Key Resources
\n– Key Activities
\n– Key Partnerships
\n– Cost Structure<\/p>\n

Taken together, all of these define your value proposition. But, we seem to argue with each other, most of us don’t have a clear focus on the most important elements of a business model when we use the term “business model.”<\/p>\n

Question: Do you buy into your own value prop?<\/p>\n

Final analysis: Don’t use the term “Business Model” to mean some small subset of what’s important in your business.<\/p>\n

. . . Then we segue . . . to who’s who . . .<\/p>\n

Is it useful to create a menagerie of the IT industry? Wherein we explore the ways that we all use labels and titles and categories? How do we get a big picture of the universe when we KNOW that most of the universe is invisible to us?<\/p>\n

. . . And then, suddenly, we move to a discussion of the Gartner report on what we need to pay attention to.<\/p>\n

See https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2018-10-15-gartner-identifies-the-top-10-strategic-technology-trends-for-2019<\/a><\/p>\n

Gartner’s The Top 10 Strategic Technology Trends for 2019:<\/strong><\/p>\n