Profiting In A LinkedIn Economy
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The document discusses how the modern economy and businesses operate in a "LinkedIn economy" where: 1) Knowledge workers have skills but not permanent ties to any single employer due to increased mobility and changing jobs frequently. 2) Companies can harness this by becoming "LinkedIn companies" that connect with employees as partners, encourage networking internally and externally, and understand that value is created through open communication. 3) In this economy, profit is gained when companies encourage employees to innovate and cut costs to build their careers and the company's bottom line, by investing emotionally in the employee-company relationship.
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1 2Summary Of the Business Model Ca.docx
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Summary Of the Business Model Canvas
Student’s Name
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Professor’s Name
Course Code & Name
Date
Summary Of the Business Model Canvas
The Business Model Canvas is a tool that helps entrepreneurs and innovators create and communicate their business models. It is a visual representation of the critical components of a business, including the value proposition, key partners, key activities, essential resources, cost structure, customer relationships, customer segments, and revenue streams. The Business Model Canvas can create or improve new businesses (Fisher et al., 2020). The value proposition is the core value that a business delivers to its customers. In this case, the value proposition is the ability to make better financial decisions. This is delivered by helping customers understand and predict the financial impact of different scenarios. The business also helps customers manage their money in a way that improves their financial well-being.
The key partners are the people outside the organization that the business needs to work with to be successful. In this case, the key partners are the Federal Reserve Bank, banks, and academic institutions. The Federal Reserve Bank is the best source for data on inflation rates, interest rates, and treasury bonds. Banks are a good data source on consumer prices (Pratama & Iijima, 2018). Academic institutions are a good source of research on economics and inflation. The key activities are the activities that are most important for the business to do in order to be successful. In this case, the key activities are data collection, analysis, and research. Data collection is necessary in order to test the hypothesis. Data analysis is necessary to see if there is a correlation between inflation and the cost of living. Research is necessary to understand the phenomenon better.
The resources that are most essential for the company to have in order to ensure its continued success are referred to as the essential resources. In this particular instance, the most critical resources are the data and the research. Gathering the appropriate data to test the hypothesis is essential. Research is required if we are going to get a better grasp of the phenomenon. The company's cost structure is the most significant cost factor in the operation. In this scenario, the expenditures of data, time, and research are among the most significant. Collecting and analyzing data is an expensive endeavor. Because there are many of data to collect and analyze, time is a precious resource (Pratama & Iijima, 2018). The cost of carrying out research can be high. An organization's relationships with its clients or patrons are referred to as customer relationships. In this situation, the client connections consist of receiving financial education and direction. The company offers these services to assist consumers in making wiser choices regarding their finances.
The client segments represent the dif.
The innovation challenge
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Long term strategy creates more shareholder wealth than short term results
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Changing business models to incorporate social good can have positive impacts for companies and non-profits. Salesforce's 1/1/1 model donates 1% of employees, products, and profits and scales with company growth. Lyft launched "Lyft for Good" to empower community service by drivers. Tom's Shoes donates a pair of shoes for every pair sold. These models integrate social causes into core operations. For non-profits like Clean Water Fund, such partnerships provide more exposure, donations, and message amplification to further their missions over time. Attendees learned how finding a "glass slipper" model that works and focusing on a triple bottom line of profit, people and planet can benefit businesses and causes
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Ent matealri
The document discusses entrepreneurship and its role in economic development. It defines entrepreneurship as undertaking innovations and transforming them into economic goods. Entrepreneurs take risks and play a significant role in creating jobs, developing new technologies, and solving social problems. Their activities help generate wealth and drive economic growth. The document also outlines several ways in which entrepreneurship contributes to economic development, such as through employment generation, increasing national income, promoting regional development, and improving standards of living. Intrapreneurship within organizations is also discussed as a form of internal entrepreneurship.
Recession proof communication final.ppt
I recently had the opportunity to address a group of leaders from a leading IT services provider. Here are thoughts shared with them on recession proofing communication during a downturn and the role of leaders.
During a recession, organizations make knee jerk reactions based on how they see the markets panning out which can be detrimental to employee morale and customer engagement. Organizations go after support functions and resize and reduce budgets, freeze benefits, curtail training and avoid engaging with employees. Very often, in their quest to get ‘leaner’ and ‘sharper’, organizations lose the ‘human’ touch’. Employees have good memories and these actions are always held against the business. I am aware of organizations cutting down on something as basic as toilet paper but allowing off sites at external venues to continue. Not surprisingly, trust is eroding for senior leadership (according to Edelman’s Trust Barometer) and organizational communication tools.
To summarize, the global downturn has posed numerous challenges for organizations and employees alike. That said, downturns may not last, but organizations that communicate effectively will. It is important to focus on the positives, craft consistent messages, reinforce often, communicate directly and focus on the positives while involving employees.
Last but not least, it is vital for organizations to revisit the core of their existence and the core values that will sustain them in the long run.
Example Of Reflection Paper In Philippine History
1. The document discusses an ethical issue that arose at Engstrom Auto Mirror, a plant that experienced a significant drop in productivity in May 2007, their second since the 1990s.
2. It describes how the previous plant manager implemented an employee incentive plan called the Scanlon Plan in 1998 to increase productivity, but that over time employee motivation declined.
3. The drop in productivity threatened the plant's status as a supplier to Toyota, showing how behavioral issues can have dysfunctional effects on businesses.
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This document discusses how building a sustainable competitive advantage through a sales organization by leveraging three influential principles: commitment and consistency, authority, and liking (affinity). It provides examples of how initial small commitments can lead to larger commitments due to consistency. It also discusses how signaling authority through credentials can increase influence and how finding similarities can increase liking and the likelihood of agreement. The document argues that effectively applying these three principles through a sales organization can be very difficult for competitors to replicate, thus providing a sustainable competitive advantage for the company.
Entreprenureship
The document discusses the important roles that entrepreneurs play in economic development. It outlines 7 key roles: 1) wealth creation and sharing by mobilizing capital, 2) job creation, 3) balanced regional development, 4) increasing GDP and per capita income, 5) improving standard of living, 6) enabling exports, and 7) facilitating community development through infrastructure and services. The future of entrepreneurship section then discusses the importance of intuition, mastering the body, creativity, limitless vision and execution, and improved learning abilities for entrepreneurs to succeed going forward. Finally, it defines creativity in the context of entrepreneurship as seeing potential in what already exists and being resourceful, and outlines the key stages of the creative process as preparation, incubation
Bitspiration 2015 Presentation for Entrepreneurs
1) Raising funds from Silicon Valley investors requires Polish startups to demonstrate rapid growth, a large total addressable market, and a proven management team.
2) When choosing Silicon Valley investors, companies should reference check the investors' past portfolio companies to evaluate how they support struggling firms.
3) While Silicon Valley remains an attractive source of funding, its high costs may lead startups to consider global trends like declining smartphone and bandwidth expenses that could support development outside of the US.
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Profiting In A LinkedIn Economy
- 1. Profiting In A LinkedIn Economy Dannielle Blumenthal, Ph.D. @thinkbrandfirst July 2011 Please feel free to reuse and adapt this presentation with attribution. All opinions my own.
- 4. Capitalist Businesses Are Mini-Economies Created for Profit Definition of a business here ; Willy Wonka factory image here ; Augustus Gloop image here ; money image here Owner produces/distributes product or service Owner sells to consumer with added fee Owner keeps the difference
- 6. The Industrial Age Is Now Over, Product Manufacturing Is Cheap, and Service (Knowledge) Creates Profit. Image source here
- 7. Now That Basic Needs Are Easily Available, Owners Must Create Consumer Demand Definition adapted from: Wikipedia ; Image source here Using Logic & Emotion
- 8. They Need Thinking Employees To Create Demand and Cut Costs Source: Grant Thorton International Business Report Survey 2009 (most recent); pie chart created using this free tool “ Innovation in the current climate is about making processes more efficient….trying to work smarter.” — Frank Ponsioen, partner, Grant Thornton International
- 11. Today’s Knowledge Workers Have Skills But Not Permanent Ties Marriage rates are at their lowest in a century and about 2 out of 5 end in divorce. 1 out of 4 children lives in a single-parent household. 2 out of 5 births are to unmarried women . Approximately 3 out of 4 children are not being raised by a stay-home-mother or father. 1 in 6 Americans move each year . The average young Baby Boomer changed jobs 11 times between the ages of 18-44 and Generations X and Y have similar expectations .
- 15. Good Luck!
Editor's Notes
- http://www.duxcollege.com.au/images/news/scaling_12.jpg