Using solid academic writing and 300-400 words, please answer the below DQ’s:
DQ1: Discuss how doing case analysis will help you develop skills needed to prepare recommendations for consideration in a Strategic Plan. What is a business model and how can it disrupt a company, industry and or both? Provide at least two examples.
DQ2: Throughout the course, you will need to identify various technology trends and sources of data that will help you understand those things impacting your Collaborative Learning Community’s company. Sources may include the following: www.strategyclub.com, GCU library, government sites, white papers, etc. Of the sources that you have identified, which sources do you believe would be most useful and why, as it applies to the strategic case analysis and recommendations for strategic plan development?
Requirements: 300-400
Answer preview
A business model is essential because it conceptualizes the approach a business intends to take to pursue value creation and profit generation. Business models can be disruptive by moving away from conventional methods and creating a niche that addresses unique consumer needs that other providers do not satisfy adequately (Schiavi & Behr, 2018). Airbnb is an excellent example of a disruptive model that has shaped the hospitality industry significantly. They provide the home experience at a cheaper rate than hotels and provide a higher guarantee of privacy and comfort. The second example is Amazon, whose forays into the retail industry are well-known. Its business model as an online retailer disrupted the entire industry that physical retailers previously dominated.
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