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Business Design and Innovation Circle



Business Modeling for Start-ups

                Dr Erwin Fielt

                e.fielt@qut.edu.au

           Information Systems School
        Queensland University of Technology

         Wednesday, 9th of May 2012
Business Design and Innovation Circle
    (Brisbane, Australia)
     Organizers:

         Michael Eales

         Alan Scott

         Erwin Fielt

         Harpreet Singh

         Matt Kelly




2   Erwin Fielt - Business Modeling for Start-ups   5/11/2012
Business models?




3   Erwin Fielt - Business Modeling for Start-ups   5/11/2012
Business models!
     Sell the car
     Sell car parts
     Rent the car out
     Taxi
     Advertising
     Mobile coffee bar
     Racing
     First prize in a lottery
     ...



4   Erwin Fielt - Business Modeling for Start-ups   5/11/2012
Source: Hugh MacLeod (http://www.gapingvoid.com/ )

5   Erwin Fielt - Business Modeling for Start-ups                               5/11/2012
What about Gillette?



                            Razor and blade




6   Erwin Fielt - Business Modeling for Start-ups   5/11/2012
What about SouthWest Airlines?



                            Low-cost carrier




7   Erwin Fielt - Business Modeling for Start-ups   5/11/2012
What about Google Search?



    Keyword advertising and auctioning




8   Erwin Fielt - Business Modeling for Start-ups   5/11/2012
What about Threadless?



                Customer is the company




9   Erwin Fielt - Business Modeling for Start-ups   5/11/2012
Business model
      A business model describes the value logic of an organization in
       terms of creating and capturing customer value

        The central element is the value proposition: the value (or
         benefits) the provider promises to deliver to the customers

        Often the focal organization is part of a business network, which
         needs to be taken into account.




10      Erwin Fielt - Business Modeling for Start-ups                  5/11/2012
How can you ............. a business model in a
      holistic and systematic way?


             Describe                                Analyse

             Design                                  Innovate

             Communicate                             Etcetera



11   Erwin Fielt - Business Modeling for Start-ups                5/11/2012
Business model frameworks
        The Business Model Canvas (Osterwalder & Pigneur)

        The Four-Box Business Model (Johnson)

        The STOF model (Bouwman, De Vos & Haaker)

        Business Model Schematics (Weill & Vitale)

        Technology/market mediation (Chesbrough & Rosenbloom)

        Entrepreneurs business model (Morris, Schindehutte & Allen)

        e3-value (Gordijn & Akkerman)


     See also the whitepaper Understanding business models (Fielt, 2011),
                               available via http://eprints.qut.edu.au/41609/
12     Erwin Fielt - Business Modeling for Start-ups                    5/11/2012
Business Model Canvas




                     Business Model TV, http://www.youtube.com/watch?v=QoAOzMTLP5s

13   Erwin Fielt - Business Modeling for Start-ups                        5/11/2012
Visualisation




                                                     Source: Business models Inc (2010)

14   Erwin Fielt - Business Modeling for Start-ups                            5/11/2012
Business Model Canvas Sheet
                www.businessmodelgeneration.com




                                                     Source: Osterwalder & Pigneur (2009)

15   Erwin Fielt - Business Modeling for Start-ups                              5/11/2012
Business Model Generation Book
                www.businessmodelgeneration.com




                 Download a free 72 pages preview!
                                                     Source: Osterwalder & Pigneur (2009)

16   Erwin Fielt - Business Modeling for Start-ups                              5/11/2012

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Fielt - Business Modeling for Start-ups

  • 1. Business Design and Innovation Circle Business Modeling for Start-ups Dr Erwin Fielt e.fielt@qut.edu.au Information Systems School Queensland University of Technology Wednesday, 9th of May 2012
  • 2. Business Design and Innovation Circle (Brisbane, Australia) Organizers: Michael Eales Alan Scott Erwin Fielt Harpreet Singh Matt Kelly 2 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 3. Business models? 3 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 4. Business models! Sell the car Sell car parts Rent the car out Taxi Advertising Mobile coffee bar Racing First prize in a lottery ... 4 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 5. Source: Hugh MacLeod (http://www.gapingvoid.com/ ) 5 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 6. What about Gillette? Razor and blade 6 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 7. What about SouthWest Airlines? Low-cost carrier 7 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 8. What about Google Search? Keyword advertising and auctioning 8 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 9. What about Threadless? Customer is the company 9 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 10. Business model A business model describes the value logic of an organization in terms of creating and capturing customer value The central element is the value proposition: the value (or benefits) the provider promises to deliver to the customers Often the focal organization is part of a business network, which needs to be taken into account. 10 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 11. How can you ............. a business model in a holistic and systematic way? Describe Analyse Design Innovate Communicate Etcetera 11 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 12. Business model frameworks The Business Model Canvas (Osterwalder & Pigneur) The Four-Box Business Model (Johnson) The STOF model (Bouwman, De Vos & Haaker) Business Model Schematics (Weill & Vitale) Technology/market mediation (Chesbrough & Rosenbloom) Entrepreneurs business model (Morris, Schindehutte & Allen) e3-value (Gordijn & Akkerman) See also the whitepaper Understanding business models (Fielt, 2011), available via http://eprints.qut.edu.au/41609/ 12 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 13. Business Model Canvas Business Model TV, http://www.youtube.com/watch?v=QoAOzMTLP5s 13 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 14. Visualisation Source: Business models Inc (2010) 14 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 15. Business Model Canvas Sheet www.businessmodelgeneration.com Source: Osterwalder & Pigneur (2009) 15 Erwin Fielt - Business Modeling for Start-ups 5/11/2012
  • 16. Business Model Generation Book www.businessmodelgeneration.com Download a free 72 pages preview! Source: Osterwalder & Pigneur (2009) 16 Erwin Fielt - Business Modeling for Start-ups 5/11/2012