Assignment Question

Instructions GOAL: Build on your work with your business model canvas by discussing the patterns, the design, and the overall business strategy that it illustrates. Introduction: Using the week 5 Learning Material in the Content area (coupled with the other resources of the course), examine and discuss the observable patterns, designs, and strategies seen in your business model. You should also integrate metaphors (Morgan’s) and framing (Bolman & Deal) into the discussion of your organization/business. This paper will serve as an investigative tool to inform you further about your business model so that you will be prepared to comprehensively diagnose/assess your model and propose recommendations in your final project for the course. You could say that this week’s work lays the groundwork for moving into the substantive diagnosis and assessment expected in your final paper. You may also benefit from conducting an Internet search of the Business Model Canvas to become comfortable with how it works, particularly in the investigation of patterns, design, and strategy. There are also various YouTube-type videos on the web that demonstrate the use of the canvas for this phase of your work with your canvas. Instructions: Write a 600-750 word paper that presents your conclusions about the pattern(s), design(s), and overall business strategy depicted by your canvas. Metaphoric and framing applications should also be discussed. The paper should be written in third person and is not reflective (first person not acceptable). A title page and references page with a minimum of three sources is required (no abstract needed). IMPORTANT NOTE: One of the common errors that students make in the writing of this paper is to limit the discussion of the “frames” (Bolman & Deal) and “metaphors (Morgan). Do not merely mention these items, but discuss the implications of them. What “frame” best depicts your organization and why? What does it tell you about the effectiveness of the context/perspective of the interactivity within of your model? Make the same sort of consideration in relation to the most appropriate metaphor that describes the functionality of your organization/business. Look for the “so what” in your consideration of pattern, design, and strategy. This is where the consideration and reflection based on your modelwith added insight via the frames and metaphorsprovides you a substantive understanding of the implications of the pattern, design, and strategy. Consideration of change, or confirmation of directionwill be revealed in this process. Upload your paper (.doc) in the assignment section for grading. Follow the Submissions Guidelines as listed in the Syllabus: The various assignments for this course should be submitted as Word.doc attachments in the Assignment section. Do not use macros or automatic referencing in your papers for this course. The auto features usually cause unforeseen problems in format. Plus, part of the evaluation of this paper involves your proficiency in the essentials of the APA style format. Each file OF YOUR WORK should be named in the following manner: Last nametruncated Week Number-Assignment name (abbreviated if necessary) For example: Smith-Wk05-Model Part 2 BEFORE YOU WRITE/SUBMIT YOUR PAPER Be sure to open and utilize the attached template. All courses in the Management Program use APA format 7th edition. Below is more information on APA 7th edition. APA 7th edition student paper template APA 7th vs 6th side by side APA 7th edition presentation APA 7th edition guidelines

Assignment Answer

Introduction

In the ever-evolving landscape of business, understanding and effectively analyzing a business model is crucial for making informed decisions and ensuring the organization’s success (Osterwalder & Pigneur, 2010). This paper delves into an examination of observable patterns, designs, and strategies within a given business model. Additionally, it integrates metaphors by Morgan (Morgan, 2016) and framing by Bolman & Deal (Bolman & Deal, 2017) to provide a comprehensive understanding of the organization’s business model. The aim of this analysis is to serve as an investigative tool, laying the groundwork for the diagnosis and assessment of the model, leading to recommendations for the organization’s future. The Business Model Canvas is utilized as a foundational tool, and its patterns and designs are explored in-depth.

Patterns in the Business Model

Patterns within a business model reveal recurring elements that are essential for the organization’s functioning and growth. These patterns can be observed in various aspects of the business, including revenue streams, customer segments, key resources, and distribution channels (Osterwalder & Pigneur, 2010). One of the observable patterns in the business model is the diversification of revenue streams. The organization does not rely solely on one source of income but has strategically developed multiple revenue streams. This pattern reflects a sound business strategy, as it reduces the risk associated with depending on a single source of income (Osterwalder & Pigneur, 2010). The diversity of revenue streams can include product sales, subscription services, licensing fees, and more. This pattern aligns with the concept of a diversified portfolio, spreading risk and ensuring stability.

Designs in the Business Model

The design of a business model encompasses how the various components fit together to create a coherent and effective system (Osterwalder & Pigneur, 2010). A well-designed business model should ensure that resources are allocated efficiently, value is delivered to customers, and revenue is generated (Osterwalder & Pigneur, 2010). It is important to consider how the different elements of the Business Model Canvas are interconnected and contribute to the overall success of the organization. One design element that stands out is the focus on customer-centricity. The organization has designed its business model with a strong emphasis on understanding and meeting the needs of its target customer segments. This design choice is in line with contemporary business strategies that prioritize customer experience and satisfaction (Osterwalder & Pigneur, 2010). By putting the customer at the center of its operations, the organization aims to build long-lasting relationships and drive customer loyalty.

Another significant design aspect is the utilization of technology and digital platforms. The business model incorporates digital tools and platforms to enhance its operations, such as online sales channels, customer relationship management systems, and data analytics. This design choice aligns with the modern trend of digital transformation, where businesses leverage technology to improve efficiency, gather insights, and stay competitive in the digital age.

Overall Business Strategy

The overall business strategy of the organization can be discerned from the patterns and designs within the business model (Osterwalder & Pigneur, 2010). The strategy is the guiding framework that shapes the decisions and actions of the organization. It provides a roadmap for achieving its goals and objectives. Analyzing the business model’s patterns and designs helps in unraveling the underlying strategy. One prominent element of the organization’s strategy is differentiation. The business model is designed to differentiate the organization’s products or services from competitors. This strategy is evident in the unique value propositions offered to different customer segments (Osterwalder & Pigneur, 2010). By providing tailored solutions and addressing specific customer needs, the organization aims to stand out in the market and command premium prices.

Another essential strategy is the pursuit of innovation. The organization is committed to staying at the forefront of its industry by continuously innovating its products and services (Osterwalder & Pigneur, 2010). This innovation-driven approach is reflected in the allocation of resources and partnerships that foster creativity and development. This strategy is in alignment with the idea that innovation is a key driver of growth and competitiveness in today’s business landscape.

Metaphors and Framing

To gain a deeper understanding of the business model, it is valuable to apply metaphors by Morgan and framing by Bolman & Deal, as proposed by Morgan (Morgan, 2016) and Bolman & Deal (Bolman & Deal, 2017), respectively. Metaphors provide a unique perspective on the organization, allowing us to view it through a different lens (Morgan, 2016). Framing, on the other hand, helps us interpret the business model by categorizing it into different perspectives (Bolman & Deal, 2017).

References