The Leading Source of Insights On Business Model Strategy & Tech Business Models
The Leading Source of Insights On Business Model Strategy & Tech Business Models
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
Rent the Runway, an online provider of designer dress and accessory rentals founded in 2009 by Jenn Hyman and Jennifer Fleiss, met while studying at Harvard Business School. Although the company began as a four-day rental service, it now incorporates the paid subscription model to generate revenue. The company also makes money via its RTR […]
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The Mark Cuban Cost Plus Drug Company is an online prescription medication service that was founded by American billionaire entrepreneur Mark Cuban. The service is essentially an online pharmacy where customers can purchase numerous medications at a drastically reduced (and more transparent) price. Cuban started the company because of the exorbitant cost of some prescription
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The concept of cognitive biases was introduced and popularized by the work of Amos Tversky and Daniel Kahneman since 1972. Biases are seen as systematic errors and flaws that make humans deviate from the standards of rationality, thus making us inept at making good decisions under uncertainty. That is the conventional definition, let’s see what’s
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Stewardship Theory posits that managers act as responsible stewards for shareholders, focusing on ethical decisions and long-term value. Its characteristics involve managerial responsibility, long-term orientation, and aligning interests. It encourages ethical behavior, reduces agency costs, and finds applications in corporate governance and investor relations. Warren Buffett and sustainable companies exemplify this theory in action. Characteristics
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Born August 5, 1967, Reid Hoffman is an American public speaker, entrepreneur, podcaster, author, and venture capitalist. Most know Hoffman as the co-founder of LinkedIn, but the billionaire was also involved at PayPal in the early days and is a current partner at VC firm Greylock Partners. Read Also: PayPal Mafia Education Hoffman attended Stanford University
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Peter Thiel is a billionaire venture capitalist, entrepreneur, and political activist. Born in 1967 in Frankfurt am Main, West Germany, Thiel is best known as the first outside investor in Facebook and the co-founder of PayPal. Read Also: PayPal Mafia Early life Thiel and his family moved to the United States when the entrepreneur was
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We have talked about aligning one’s employees to goals and ensuring that all staffs play an active role in the business. Aligning all employees to your goals fosters understanding and ensures that the least-ranking staff shares the general goal of the company and is willing to support it. When this occurs, productivity is usually massive
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Shpock is a mobile and browser-based online marketplace and classifieds platform, which name recalls “shop in your pocket.” Founded in 2012 by Austrian entrepreneurs Armin Strbac and Katharina Klausberger. In September 2015, classified website conglomerate Schibsted Classifieds Media acquired a 91% stake in Shpock worth $214 million. Further growth saw Shpock expand into Italy, Sweden,
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Aspect Description Subscription Fees Ipsy offers a subscription service where customers pay a monthly fee to receive a personalized “Glam Bag” filled with beauty and skincare products. Subscribers are often asked to complete a beauty profile to ensure the products they receive match their preferences. These subscription fees constitute a significant portion of Ipsy’s revenue
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ChowNow is a food ordering platform connecting local restaurants with online customers. The company was founded in 2011 by Christopher Webb and Eric Jaffe. The company makes money via subscription (with three main plan options, with the monthly at $199/month, annual at $129/month, and two years at $129/month), setup fees (2.95% plus $0.15 for every order
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Candy Crush Saga is a match-three puzzle video game developed and published by King, a company specializing in social network-based games. Businessman Riccardo Zacconi co-founded King in 2003 after selling a subscription dating service he had also founded several years previous. The initial source of income for King was advertising revenue, but this strategy was
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Aspect Description Overview Splitit operates on a buy now, pay later (BNPL) business model that enables consumers to make purchases and divide payments into smaller, interest-free installments. Unlike traditional BNPL solutions, Splitit focuses on leveraging existing credit cards and doesn’t require consumers to apply for new credit lines or undergo credit checks. This approach aims
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Email marketing leverages a set of tactics to build a stronger brand, drive traffic to your products, and build a solid funnel for converting leads into loyal customers. While email marketing isn’t new, it’s still one of the most effective marketing strategies to build a valuable business. Introduction to email marketing Email marketing is an
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Omid Kordestani is a businessman who has held various senior roles at Twitter and Google since 1999. One of several Iranian-American success stories, Kordestani is a tech billionaire who was Google’s ninth employee and critical to the company’s early revenue generation. Early life, education, and career Kordestani was born in Tehran, Iran, in 1963 and
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Mark Zuckerberg is the co-founder and principal shareholder of Facebook (now Meta), in which he owns a controlling stake worth over $68 billion. Thus Mark Zuckerberg’s net worth is around $68 billion in 2023. How did we calculate Mark Zuckerberg’s net worth? We started by assuming that most of Zuckerberg’s wealth is tied to Facebook
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Zocdoc is an online medical appointment booking platform founded in 2007 by Cyrus Massoumi, Nick Ganju, and Dr. Oliver Kharraz. With the mission to connect patients with doctors more efficiently. For patients, the use of the Zocdoc platform is free of charge. The company instead charges physicians a subscription fee for the privilege of being
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Thumbtack is an online platform connecting customers with local professionals such as plumbers, electricians, house cleaners, landscapers, and yoga instructors. Founded in 2008, the platform wanted to make the process of hiring contractors simpler. The company makes money by charging a fee for every lead contractors receive. It also offers Thumbtack Promote, an added service
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A continuous learning culture is an organizational environment that prioritizes the ongoing development of employees’ skills and knowledge. It encourages open communication, innovation, and adaptability by fostering a commitment to lifelong learning and growth among individuals and teams. Key Elements: Advantages: Challenges: Use Cases: Implementation Steps: Key Highlights: Related Concepts Description Implications Continuous Learning Culture
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Empathetic leadership involves fostering positive relationships, trust, and collaboration within a team. It requires emotional intelligence, including self-awareness, empathy, and strong social skills. Active listening and creating a supportive environment are essential. Recognizing and appreciating team members while promoting work-life balance contribute to effective empathetic leadership. Aspect Explanation Concept Overview – Empathetic Leadership is a
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Effective leadership entails setting a compelling vision and clear goals, fostering open communication, and building high-performing teams. It involves active listening, transparent communication, and the ability to influence and negotiate. Effective leaders empower their teams, make informed decisions, and uphold ethical values in achieving organizational success. Aspect Explanation Concept Overview – Effective Leadership is a
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