The Business Model

The line of products Model * Based on your reading of Chapter 4 from the Hess book, An Elevator-Pitch Business Model, and the Why Business Models Matter article, complete the following a. Write a concise two-sentence elevator pitch node value pro vista for your substantive-world stage business. (You roll in the hay function the examples in the Hess book as a guide. ) We go out allow swear outs to assist customers acquire each type of property to be used in any kind of way that is responsible to the involve of all parties and governments.Delivering exceptional results by constantly improving on service and processes, being account equal for culture, a winners intensity, and innovation that endears a strong service ethic. b. Then, incorporating your elevator pitch, expand it to a full alone still crisp business model description, or story, as Magretta refers to it. Establishing a business to satisfy the needs of a community or neck of the woods by means of the practice of ethical behavior and providing individuals or business that commit to acquire property locally or globally tonus in service and process through the execution process.We offer services to the acquirement of any type of property to be used in any kind of way that is responsible to the needs of all parties and governments Uncontested foodstuffplace Space StrategyFirst Pass Hamel and Prahalad (2005) write, The strategists goal is not to mystify a niche within the existing industry outer space nevertheless to work new space that is uniquely suited to the companys own strengthsspace that is off the map. Based on your reading of the articles Value Innovation A Leap into the Blue Ocean and Strategic Intent, in two paragraphs, nourish the thoughts of the authors and describe how your eal-world business attempts (or ordain attempt) to create new competitive oppose commercialise spaces, and what the primary challenges to such a strategy ar or will be. Be specific. Strategic int ent will be to flummox the organization organically to increase profits by 15% per month and maintain and highly ethical work environment and relationship with customers, employees, stakeholders, and ally. We will focus on the needs of the customer with respect to culture of the region, economics, affectionate environment, and community needs.Ethics will be a strong part of the of the slaying of this strategy to find and partner with likeminded individuals with a belief to and commitment to wager themselves in an honest way being accountable for their actions. Form alliances with individuals that feignt lie, cheat, steal, and create value for the customer through providing thorough, high quality service and products, use ethical procedures and processes, and develop long term relationships with the customer base instead of the arms length deals that usually transpire.General effect and Customer Analysis With the reading SWOT Analysis I looking Outside for Threats and Opportun ities in mind, answer the following questions a. Identify and discuss the trinity most important general environmental forces or workstyle and lifestyle trends that are shaping the big picture opportunity for your real-world business. Mobility, technology, and ergonomics Mobility is being able to work from home or office and form alliances to work as a team when necessary.Working in a team with separate individuals in different regions could reduce set up cost, the need for office space, and high-priced fail to other regions. Using technology to reduce the cost associated with give-up the ghost and establishes a communication base with allies and team members. Working with allies would assist with handling traffic in other regions coordinating transaction activities and maintaining a cultural presence and providing a physical presence in the market place. Ergonomics building green and designed environmentally brotherly for employee comfort, safety, and healthy environment.Dai ly operations would be on an ad hoc fashion constructing the sidereal daylight around the most important functions early on in the day whether it be documenting recent transactions or setting up confrontation with prospects. b. Perform a customer analysis, and using the categories and ideas from pages 6-8, describe as guardedly as you fire who the customers of your business are, what problems they have that your company can solve, and so forth. Limit your analysis to two single-spaced pages. Use of the internet for the pop the question of making bills will it harm or make your business profitable.The use of the internet will create new customers and new market segments from which a company can grow and be much profitable. In real estate transactions there are numerous negotiations and other communications that are necessary to complete a transaction. In situations where travel and long distance communications can be very expenses the use of the internet to communicate and t ransmit documents for the purpose of setting up transactions. advanced markets and customers can be accessed via the internet and alliances can alike be set up to assist in moving into market segments reducing cost and regularization of local government.Opportunities in the form of alliances, diverse market diffusion strategies, create value by providing ergonomic and energy efficient building processes stint more and varied consumers in varied market segments. Pricing in the housing markets along with scandal in the modify industry has created a big problem with home acquisition for some(prenominal) local residential consumers. Many qualifying criteria for getting home loans have become more restricted as a consequence of the widespread fraud in the lending industry.As a result of this fraud many communities have been swamp by situations where the accumulation of distressed homes is in an overabundance in many communities. With many communities containing distressed propert ies devaluation of property values resulted in many owners losing money on their investments. Seemingly with lower home values and lower kindle rated this would stimulate buying by consumers for home gross revenue. But with the tougher qualifying standards for lending products fewer consumers are able to purchase and trending toward leasing.Building green also has negatively affected the market place locally because of the cost associated with higher veridical cost to build green. The opportunity that is created by communities containing distressed property sales is it attracts a different type of vendee to market too. The market component part for this type of buyer will be fiercely competitive because more often than not this type of investor is cost conscious and highly better with their investment practice. Customers are the ultimate target to market too for a business to be profitable in real estate.So it is very important to define your customer and market segment. So gen erally when you think of customers for real estate business you immediately think of businesses or individuals interested in the acquisition of property. You have three levels of customers all related to financial position of menage. You have the economy customer that lives from check to check and almost ever so want more than they can afford and is misguided because they believe they can spend any money without a compute. You have median income household which may be considered middle class most of these customers are budget wise and educated buyers.Lastly you have the custom buyers where they are all half a dozen and seven figure incomes. Opportunities for new customers exist when you enter the international market where you have foreign investors interested in properties located locally. You may also have businesses locally wanting to acquire property globally through a local broker with international access. The customer base will need to be redefined by demographics as well the type of buyer or seller you are working with. Personally I have had the best success with working customers in a certain age, income, and educational level in the residential market place.