efficiency ↔ business model

Relations (1)

related 2.00 — strongly supporting 3 facts

The concepts are related because business models are often evaluated or designed based on their ability to provide efficiency, as seen in the evolution of pioneer firms [1], Spotify's market entry [2], and Nespresso's consumer value proposition [3].

Facts (3)

Sources

Business ecosystems as a way to activate lock-in in business models link.springer.com Springer 3 facts

claimSpotify's initial business model was innovative in the music distribution industry by offering greater efficiency than iTunes or CDs (Rayna & Striukova, 2016).

claimNespresso's business model provides efficiency for consumers by allowing them to make coffee faster than previous methods.

claimManagers of pioneer firms must plan for the long-term deployment of their business models, which evolves from novelty and efficiency to the simultaneous activation of lock-in and complementarity.