Approaches to Business Models
May 10, 2017
Comparable to strategic resources, ordinary resources can be used to build profitable business models. However, a business model leveraging many ordinary resources will often take a different approach that one focused on scarce strategic resources.
|BUSINESS MODELS FOCUSED ON STRATEGIC RESOURCES||BUSINESS MODELS FOCUSED ON ORDINARY RESOURCES|
|ACCESSIBILITY OF RESOURCES||Scarcity (unique and protected)||Abundance (available or discarded)|
|CONNECTION TO RESOURCES||Ownership/Protection||Sharing/Access|
|VALUE AWARENESS OF RESOURCES||High Value||Lower Value|
|COST OF ACQUISITION||High Cost||Lower Cost|