The document outlines a business model for operating an expedition cruise ship in Panama. It describes the value propositions as offering unique, high-quality cruise experiences. The target customers are affluent individuals and groups seeking educational and adventurous travel. Revenue will come from cabin bookings, charters, and onboard activities. Key resources are the multi-functional cruise ship and experienced crew. Partners will help with distribution, crew, and online marketing. Costs are focused on crew, insurance, marketing, and operational expenses.
Customer Engagement powered by Artificial Intelligence & ChatbotsYOUVRAJ SEEAM
Artificial Intelligence and Chatbots are revolutionising and hugely impacting the ways Brands are engaging with their customers throughout the Customer Journey.
Customer Engagement powered by Artificial Intelligence & ChatbotsYOUVRAJ SEEAM
Artificial Intelligence and Chatbots are revolutionising and hugely impacting the ways Brands are engaging with their customers throughout the Customer Journey.
Setting a marketing strategy to match the reduced appetite for travelYOUVRAJ SEEAM
Setting a marketing strategy to match the reduced appetite for travel
(Slides presented during webinar Hosted by Terrapinn on 23 May 2020)
Customers are not buying tickets right now, but airlines want to maintain brand awareness, so marketing strategy has to be adapted to right the current climate. On this webinar, marketing experts from Japan Airlines and Air Mauritius will discuss the dos and don’ts of marketing in a time of crisis, and how to avoid alienating customers whilst keeping your airline in the minds of the consumer.
Refine Asia stands for class, creativity, and absolute professionalism in Asian corporate and luxury travel services. We apply our accredited experience and expertise to deliver flawless and reliable travel & event arrangements custom-tailored to every detail of your requirements, bringing you the most rewarding, enriching, and satisfying experiences of perfect Asian-style service.
Refine Asia is a member of the prestigious Focus Asia travel group, a highly successful tourism operation combining decades of industry experience. Refine’s core team of travel and business professionals, with over twenty years’ experience in the industry, represents the culmination of extensive efforts in creative product development in the commercial and high-end categories. With representative offices throughout Asia and sales offices worldwide, Refine Asia offers only proven, original, effective, and high-quality business and travel services in our region – Your Perfect Asia.
IoT Security Middleware: evaluating the threats and protecting against themNick Allott
Brief introduction to the security threats relating to Internet of Things (IOT) and some techniques pot protect against them.
Presented at SetSquared event: The Internet of Threats: start-up opportunities in IoT security 7/10/2015
Fostering Innovation and Entrepreneurship in Southwest Coloradonado-web
Thea Chase, Director of the Telluride Venture Accelerator, discussed the work of accelerator to cultivate innovation, entrepreneurship, regional connectivity, and commercialization of research. This presentation occurred during the session "Regional Innovation Strategies" at Create, Challenge, Change: Economic Development Conference for the Denver Region in August 2016.
This lecture looks at how Ning, the Marc Andreessen Social Network company initially started with a Freemium model but later switched to a fully paid subscription service
The VALUE CHAIN (VC) YACHT: Discover and Solve Customer Problems Better, Fast...Rod King, Ph.D.
It is a truism that organizations that survive and prosper are those that discover and solve customer problems better, faster, and cheaper. This presentation introduces a fun tool, the Value Chain (VC) Yacht, that enables startups as well as established organizations to discover and solve problems better, faster, and cheaper. The VC Yacht is an extremely versatile tool for problem finding and solving. The VC Yacht can be used to illustrate, derive, explain, and apply over 40 tools that are used for finding and solving problems.
http://goo.gl/b5FGHZ
THE BUSINESS MODEL YACHT FOR PROBLEM-BASED STRATEGISTS: Save Time and Money W...Rod King, Ph.D.
The Business Model Yacht is a One-Size-Fits-All (OSFA) tool for problem finding, modeling, and solving in any domain. The Business Model Yacht, which can be used by Strategists, Innovators, and Planners, saves time and money when dealing with "wicked" (ill-structured/open/chaotic) problems as well as "tame" (well structured/closed/simple) problems.
http://goo.gl/yjf2QB
The Full Sails Strategy - a 360 Communication Strategy for aBoatTimeConnie Wansbrough
Communication Strategy developed for the Spanish startup aBoatTime as the final project of IE Business School Executive Masters Class June 2016, Madrid, Spain. This project was developed by: Ana Carolina Addobbati;
Karen Garcia; Maria Teresa Ferreiro; Roobkirat Kaur ; Ruth Constance Wansbrough
Assignment for NYU Stern's Brand Strategy class taught by Scott Galloway. We examined two hotel brands in terms of their brand identity and strategy and provided recommendations. (Note: This was meant to be a report, not a slideshow presentation, so many slides contain lengthy text rather than condensed points)
Setting a marketing strategy to match the reduced appetite for travelYOUVRAJ SEEAM
Setting a marketing strategy to match the reduced appetite for travel
(Slides presented during webinar Hosted by Terrapinn on 23 May 2020)
Customers are not buying tickets right now, but airlines want to maintain brand awareness, so marketing strategy has to be adapted to right the current climate. On this webinar, marketing experts from Japan Airlines and Air Mauritius will discuss the dos and don’ts of marketing in a time of crisis, and how to avoid alienating customers whilst keeping your airline in the minds of the consumer.
Refine Asia stands for class, creativity, and absolute professionalism in Asian corporate and luxury travel services. We apply our accredited experience and expertise to deliver flawless and reliable travel & event arrangements custom-tailored to every detail of your requirements, bringing you the most rewarding, enriching, and satisfying experiences of perfect Asian-style service.
Refine Asia is a member of the prestigious Focus Asia travel group, a highly successful tourism operation combining decades of industry experience. Refine’s core team of travel and business professionals, with over twenty years’ experience in the industry, represents the culmination of extensive efforts in creative product development in the commercial and high-end categories. With representative offices throughout Asia and sales offices worldwide, Refine Asia offers only proven, original, effective, and high-quality business and travel services in our region – Your Perfect Asia.
IoT Security Middleware: evaluating the threats and protecting against themNick Allott
Brief introduction to the security threats relating to Internet of Things (IOT) and some techniques pot protect against them.
Presented at SetSquared event: The Internet of Threats: start-up opportunities in IoT security 7/10/2015
Fostering Innovation and Entrepreneurship in Southwest Coloradonado-web
Thea Chase, Director of the Telluride Venture Accelerator, discussed the work of accelerator to cultivate innovation, entrepreneurship, regional connectivity, and commercialization of research. This presentation occurred during the session "Regional Innovation Strategies" at Create, Challenge, Change: Economic Development Conference for the Denver Region in August 2016.
This lecture looks at how Ning, the Marc Andreessen Social Network company initially started with a Freemium model but later switched to a fully paid subscription service
The VALUE CHAIN (VC) YACHT: Discover and Solve Customer Problems Better, Fast...Rod King, Ph.D.
It is a truism that organizations that survive and prosper are those that discover and solve customer problems better, faster, and cheaper. This presentation introduces a fun tool, the Value Chain (VC) Yacht, that enables startups as well as established organizations to discover and solve problems better, faster, and cheaper. The VC Yacht is an extremely versatile tool for problem finding and solving. The VC Yacht can be used to illustrate, derive, explain, and apply over 40 tools that are used for finding and solving problems.
http://goo.gl/b5FGHZ
THE BUSINESS MODEL YACHT FOR PROBLEM-BASED STRATEGISTS: Save Time and Money W...Rod King, Ph.D.
The Business Model Yacht is a One-Size-Fits-All (OSFA) tool for problem finding, modeling, and solving in any domain. The Business Model Yacht, which can be used by Strategists, Innovators, and Planners, saves time and money when dealing with "wicked" (ill-structured/open/chaotic) problems as well as "tame" (well structured/closed/simple) problems.
http://goo.gl/yjf2QB
The Full Sails Strategy - a 360 Communication Strategy for aBoatTimeConnie Wansbrough
Communication Strategy developed for the Spanish startup aBoatTime as the final project of IE Business School Executive Masters Class June 2016, Madrid, Spain. This project was developed by: Ana Carolina Addobbati;
Karen Garcia; Maria Teresa Ferreiro; Roobkirat Kaur ; Ruth Constance Wansbrough
Assignment for NYU Stern's Brand Strategy class taught by Scott Galloway. We examined two hotel brands in terms of their brand identity and strategy and provided recommendations. (Note: This was meant to be a report, not a slideshow presentation, so many slides contain lengthy text rather than condensed points)
The pressure is on to grow your business, while operating on a tight budget. To do so means getting the right data. Customer profiling provides key customer insight that can help businesses better manage their marketing dollars to increase ROI.
www.flycatcherstours.com -Flycatchers Tours & Travels is one of the recognized tour operators in cochin,which offers Kerala tour,Kerala tour packages and kerala Honeymoon packages.
Abydos Tours is an Incoming Tour Operator for Egypt & one of the
most reputable Tour operating companies in Egypt, we built our
business to fit the exact needs of international tour operators.
We are fortunate in enjoying an excellent working relationship with
the hotels, airline & Nile cruise companies in Egypt which will allow
us to offer the best possible rates and the highest quality of
services.
We offer a complete solution for the widest array of travel services
including cultural, recreational, adventure, corporate, conferences,
and special group arrangements as well as the most exciting
incentive travel packages in Egypt.
Our company is renowned for its professional and dedicated
workforce, which offers nothing less than the highest-quality
service to its clients.
Product Vision and Strategy - Value PropositionsDoug Henderson
Discussion at the Alpha Loft's Accelerate NH startup accelerator mentoring session in Portsmouth NH on 3/14/2015. Discussed Product Value Proposition, Business Model Canvas, Value Map, Customer Segments, Customer Research, Lean Startup Methodology. http://alphaloft.org/accelerate-nh/
Every individual in our planet is busy in his / her own
world these days. The busy schedules and work preoccupations
of many people hinder them from spending nominal amount of
time with their families.
To address this concern, we have come up with our MACH
Tours and Travels, our motto being, “Breaching the
Boundaries!” which aims at not only giving its customers the best
and most comfortable tour, but also an enjoyable and
memorable experiences.
We differ from our competitors in various ways. For a start, we
emphasize that our profit is not in the income from this business,
but in the satisfaction of our customers. Added to that, we focus
on improving the ease of travel, the luxury of trip, the quality of
time spent and the worth of pay.
There is a variety of customers we come across: some will want
their trip to be extravagant, while some require it to be cost
effective; some need a long vacation, while some choose just a
weekend away.
Our mission: In order to meet the desires of this large range of
people and to include all the factors of a hearty holiday, we have
devised our strategies and planned our processes, thus, setting us
apart from the others.
Our vision: As the main priority, a year from now, we target on
contenting as many customers as possible through our services.
The following sections of this document includes our roles in
planning, decision making, staffing, leading and communicating
in which we highlight various aspects of our organization,
including the pros and cons of travelling with us.
Every individual in our planet is busy in his / her own
world these days. The busy schedules and work preoccupations
of many people hinder them from spending nominal amount of
time with their families.
To address this concern, we have come up with our MACH
Tours and Travels, our motto being, “Breaching the
Boundaries!” which aims at not only giving its customers the best
and most comfortable tour, but also an enjoyable and
memorable experiences.
We differ from our competitors in various ways. For a start, we
emphasize that our profit is not in the income from this business,
but in the satisfaction of our customers. Added to that, we focus
on improving the ease of travel, the luxury of trip, the quality of
time spent and the worth of pay.
There is a variety of customers we come across: some will want
their trip to be extravagant, while some require it to be cost
effective; some need a long vacation, while some choose just a
weekend away.
Our mission: In order to meet the desires of this large range of
people and to include all the factors of a hearty holiday, we have
devised our strategies and planned our processes, thus, setting us
apart from the others.
Our vision: As the main priority, a year from now, we target on
contenting as many customers as possible through our services.
The following sections of this document includes our roles in
planning, decision making, staffing, leading and communicating
in which we highlight various aspects of our organization,
including the pros and cons of travelling with us.
Travellers Choice is a national retail travel group with a unique difference - its independent member travel agencies own it! Learn more about us by visiting our website at http://www.travellerschoice.com.au
1. Brief outline of business model by Thorwald Westmaas [email_address]
2. Value Proposition Cost Structure Customer Relationships Customer Segments Distribution Channels Key Resources Key Partner Network Key Activities Revenue Streams INFRASTRUCTURE CUSTOMERS OFFER PROFIT EQUATION Our business model describes the way we intend to make money by creating and delivering value to our various customers and portrays the capabilities and partners required for creating, marketing, and delivering this value.
3. Value Proposition Cost Structure Customer Relationships Customer Segments Distribution Channels Key Resources Key Partners Key Activities Revenue Streams Which of our client’s problems or needs are we solving and why will they choose us rather than a competitor? What key activities do we need to perform in our business model and how easily can they be done (by others)? Through which means does our customer want to be reached and addressed by us? How do we bring the value proposition to the market? What key resources does our business model require and now difficult are they to copy by others? What type of relationships does our customer expect us to establish and maintain with him? What is the cost structure of our business model and is it in harmony with the core idea of our business model? What value are our customers really willing to pay for and how would the prefer to pay for it? What are our customer’s needs, problems, desires and ambitions? What can partners do better than us or at a lower cost (and thus leverage our business model)? INFRASTRUCTURE CUSTOMER OFFER PROFIT EQUATION Describing our business model
4. Value Proposition value proposition 1 value proposition 2 … OFFER At less than 3 hours flying from major US gateways we offer an exciting, adventurous, engaging and educational travel experience at unique cruising grounds that can be tailored to the needs of the clients. These experiences are offered with a higher level of comfort and convenience than any of the other small ship cruise or adventure travel company or dive charter operators and certainly well beyond anything offered in Panama and will be unmatched in attention to customer service The versatily of our platform allows us to create a unique travel product to satisfy the need for even the most demanding customer(s): our capacity to go anywhere by sea, carry a helicoper (and refuel it) and launch a submarine is simply unique. The privacy and secure environment offered by our operation allows certain client segments to enjoy visiting places they would otherwise be unable to visit The small size of our platform allows unique niche marketing as we don’t need a big group to operate a tour. At the same time, our vessels’ capacity is much bigger than any mega yacht in its category and lot more affordable, making it for instance uniquely suitable for multi-generational family travel Unmatched adherance to international safety standards (Lloyds Register), both structurally (vessel, equipment) and operationally (crew training and experience) provides total confidence to channel partners The highest possible adherance to environmentally concious practices, exceeding all international standards (including those of Alaska). Is good for the environment and helps distinguish and sell our product The affluent are becoming saturated with current travel product offerings and are looking for unique experiences and extraordinary getaways tailored to suit their individual tastes. Today’s increasingly well-heeled, well-traveled individuals want new and exciting experiences; they want to be intrigued, challenged, entertained, and enlightened. They will spend top Dollar to be the first or reach the most remote exotic places. KWE Group
5. value proposition 1 value proposition 2 … target customer 1 target customer 2 … CUSTOMER OFFER Experienced and well-traveled people, passionate about travel that includes a focus on education, conservation and care for the environment & sustainability Affluent individuals or families looking for a (semi) private charters Niche market groups looking for an adventureous, small-scale, educational or themed and somewhat private travel experience , possibly including volunteerism, community work and/or continuing education programs and niche markets like women travel, gay travel, history tours SCUBA diving enthusiast looking for an excellent diving liveaboard experience at a new destination Affluent locals (Panama) looking for a uniquely comfortable travel experience in areas they may never have visited before on a ‘premium brand’ vessel Customer Segments What are our customer’s needs, problems, desires and ambitions? Institutions/companies that need a vessel for scientific (marine) research, movie- making or any other special project need that requires the unique capabilities the Balboa Explorer offers
6. target customer 1 target customer 2 … CUSTOMER OFFER An engaging and easy to find website to create visibility for our products and helps customers evaluate them based on their particular needs. A site that also supports our sales force, charter brokers and travel agents and offers a transaction platform that integrates with our customer segment and channel partner’s routines for booking travel Our sales force with experienced specialist for each key product range: private yacht charter, small ship cruises, diving charters & commercial charters Yacht charter brokers that have their network of affluent private clients looking for private charters Adventure travel agents, specialists in upscale, unique travel products Dive shops that promote diving charters among their clients Distribution Channels Industry tradeshows and events, charter boat shows, familiarization trips Partnerships with operators such as ourselves to reach out to each other’s clients Through which means does our customer want to be reached and addressed by us? How do we bring the value proposition to the market?
7. CUSTOMER OFFER In all cases, our relationships with our customers and channel partners will be based on the desire to establish a long lasting and mutually beneficial reslationship Our direct sales force will focus on working with professional organizations (for instance, alumni groups, professional assocations to create unique, tailor-made programs for their members to encourage yearly repeat business Sales staff dealing directly with clients will experienced/trained to effectively deal with demanding luxury travel clients. With our direct-booking individual clients we strive to go beyond a one-time-only cruise experience by engaging them with the expedition cruise activity before and after the cruise (so all become ‘ambassadors of our product) Our website will allow a lot of self service research to educate our clients (or agents) on our product on all aspects of our operations, make bookings easy and convenient but always have the personal touch of sales person a click away With our travel agents we listen carefully to their needs, are flexible to meet them an take excellent care of their clients in order to become their preferred adventure travel provider Customer Relationships With charter brokers we aim to leverage our position in the growing expedition yacht charter niche and going the extra mile to take care of their clients What type of relationships does our customer expect us to establish and maintain with him?
8. Income will be mostly generated from the following activities Per cabin bookings where each cabin or even berth is sold individually (expedition charter and dive charters) (Semi) private charter tours whereby the vessel is (partly) chartered for a particular group or family Additional activities such as helicopter or submarine tours (when available) Short (1-2 day) group tours (20-40+ guests) to satisfy local demand for unique yacht based activities Revenue Streams Additional services like satellite Internet access, onboard movies, customer trip filming may bring additional revenue but mostly to cover its direcly expenses and may be included depending on the market segment What value are our customers really willing to pay for and how would the prefer to pay for it? Clients will be encouraged to pay trip fees with check or bank transfer to cut down on credit card processing costs; agents will pay by bank transfer; charter brokers may pay using escrow accounts; on-board expenses will be paid by credit card 48 possible weeks yearly of operation will be divided in advance between per-cabin booking trips (expedition cruises and dive charters) and private charters, based on market forcecasts. Procedures will be in place to make adjustments when market conditions so require
9. Our key resource is a true ocean-going, extremely sea-worthy and multi-functional expedition yacht that is comfortable, safe , environmentally friendly and very affordable to operate thanks to its design where particular attention was paid to low-maintainance and maintainance ergonomics, reliability and crew comfort Our second key resource will be our crew. Experienced and qualified, specially profiled to match our unique operational requirements and compensated in a way that rewards them when customer expectations are exceeded consistently Our website will be a key sales resource to support our sales effort and offer an efficient transaction platform that allows us to focus on serving our clients need’s instead of handling administrative processes Our on-shore operational support system will be a key resource to enable the efficient, safe, cost & time effective operation of our charters Areas such as food & beverage logistics, laundry services, crew administration, tour support, maintainance administration & support, regulatory compliance can best be managed on-shore so the crew can focus on delivering outstanding customer service experiences Key Resources What key resources does our business model require and now difficult are they to copy by others? Panama, its indigenous people, its rich history (Spanish conquest, transistmian trail and railroad, pirates, etc.), its incredibly diverse nature, the fascinating Panama Canal, its safe and modern capital with excellent air-connections are a key environment in which we can develop our activities
10. Offer uniquely adventurous and engaging travel activities for our passengers/guests monitored by a friendly and well-trained expert staff Offer a memorable food and beverage service Operate and maintain the vessel in an efficient and safe manner to provide reliability needed for our activities Create and maintain a very effective (visible) internet presence Key Activities What key activities do we need to perform in our business model and how easily can they be done (by others)? Create and maintain a very effective and well managed sales operation to ensure the revenue streams expected by all stakeholders Ensure the availability of an qualified and experienced, highly motivated crew for our vessel’s operation Keep our key resource, our expedition yacht in an impeccable state of maintainance to ensure its availability at all times and meeting the requirements of the class society (Lloyds Register)
11. Our distribution channel partners (agents & charter brokers) which give us access to their network of clients and agents Crew agency. We plan to partly contract our crew via specialized agencies to supply is with the crew we need Internet marketing an technical logicstics will be partly outsourced to 3rd party supplier to implement our online strategy Specialized (onboard) nature guides, activity specialist, lecturers, dive masters and history guides will be hired for each occasion (unless) sales volume justifies putting them on the payroll Partner Network What can partners do better than us or at a lower cost (and thus leverage our business model)?
12. Our most important cost are the fixed overhead: crew & employees and insurance followed by marketing expenses The main operational expenses are food and beverages, Panama Canal transits and fuel. Fuel is a relatively minor expense as the distances traveled are relatively short and the vessel is very fuel efficient given its size Other operational expenses are commission paid to agents which is why we’ll focus strongly on having our own effective direct sales channel While maintainance will be limited during the first few years as most high-maintainance items are new and the ship designed with low-maintainance in mind, it’s important to create a provision for this item Cost Structure What is the cost structure of our business model and is it in harmony with the core idea of our business model?