Innovation__1_

Business Model

A framework that outlines how a company creates, delivers, and captures value, including elements like value proposition and revenue streams.

Long Tail

A business strategy focusing on a large number of products each selling in low volumes, particularly in niche markets.

Multi-Sided Platforms

Business models that bring together two or more distinct but interdependent groups of customers.

Free Business Model

A model where products/services are offered for free, financed by another customer segment.

Open Business Models

Models involving sharing and collaborating with external entities, including outside-in and inside-out strategies.

Content

The novel activities added to a business model, through integration, enhancing the business model's effectiveness.

Structure

Linking activities in novel ways within a business model to innovate its design.

Governance

Changing the parties performing activities in a business model as a means of innovation.

Lock-in

Designing business model activities in a way that discourages participants from switching to alternatives.

Complementarities

The positive effects derived from interconnections and dependencies among business model activities.

Efficiency

Finding ways to save costs by optimizing connections and interactions within an activity system.

Disruptive Technologies

Innovations that significantly alter or disrupt existing markets and value chains.

Big Data

Large and complex data sets analyzed to find insights and patterns for better decision making.

Blockchain

A secure digital ledger technology used to record transactions in a tamper-proof manner.

Internet of Things (IoT)

Connecting physical devices to the internet to enable data collection and exchange.

Machine Learning

A field of study focused on the development of algorithms that enable computers to learn from data.

Neural Network

A computational model inspired by biological neural networks, used for tasks like pattern recognition.

Creative Destruction

An economic concept where innovation leads to the downfall of old industries while creating new opportunities.

B2B (Business-to-Business)

Refers to transactions and interactions that occur between two or more businesses.

E-Procurement

The electronic management of the procurement process including sourcing, ordering, and payment.

Reverse Auctions

A type of auction where suppliers bid by lowering their prices to win contracts from buyers.

B2B Aggregation

The process of consolidating products or services from multiple sources into one platform.

C-commerce (Collaborative Commerce)

The planned use of digital technology by business partners for managing tasks and services.

Value Proposition

The unique value a product or service provides to its customers, distinguishing it from competitors.

Revenue Streams

The sources from which a business earns money from its customers.

Business Ecosystem

A network of businesses, suppliers, and customers that interact and depend on each other within a market.

Disintermediation

The process of removing intermediaries in a supply chain, allowing direct transactions between producers and consumers.

Customer Segmentation

The practice of dividing a customer base into groups with shared characteristics to tailor marketing strategies.

Scalability

The capability of a business model to grow and manage increased demand without compromising performance.

SaaS (Software as a Service)

A software distribution model where applications are hosted by a service provider and accessed via the internet.

User Experience (UX)

The overall experience and satisfaction a user has when interacting with a product or service.

Digital Transformation

The process of using digital technologies to fundamentally change how businesses operate and deliver value to customers.

Cloud Computing

The delivery of computing services over the internet, including storage, processing, and software.