06 developing business acumen

Naert's Model

A business model stating the purpose of business is value creation, pursuing economic and societal values simultaneously.

Van Duzer's Model

A business model stating the purpose of business is to serve customers (human flourishing) and employees (meaningful work), viewing profit as a means rather than the end.

Parikh's Model

A model applying the ancient wisdom of Hindu scriptures (Bhagavad Gita and Dharma) to modern business practices.

Bhagavad Gita (Karma Capitalism)

Principles teaching that leaders should focus on actions over rewards, be fair, act rather than react, and seek higher consciousness.

Dharma (Natural Law)

Business principles including Loka Sangraha (public good), Kausalam (efficacy), Vividhta (innovation), and Jigyasa (learning).

Business Model

A conceptual framework outlining business logic, customer value propositions, pricing mechanisms, and go-to-market strategies.

Personalized Product or Service

Offering products or services tailored to individual needs using technology.

Closed Loop Process

Replacing linear consumption (make, use, dispose) with recycling or reusing products.

Asset Sharing

Enabling the sharing of costly assets via two-sided marketplaces to reduce entry barriers.

Usage Based Pricing

Charging customers only when they actually use the product or service.

Collaborative Ecosystem

Using technology to improve supply chain partnerships, share risks, and crowdsource ideas.

Agile and Adaptive Organization

Moving away from traditional hierarchies to allow real-time decision-making that matches market needs.