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Within Business Concepts we describe the most common analyses that you can run to solve case problems and that have been battle-tested in everyday practice (e.g. ABC analysis, benchmarking). In addition we clarify business terms or consultant lingo that you should know and … Read More...
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his is a special feature of GDRC ‘s Sustainable Business programme. It looks at four sustainable business concepts that enable businesses to ‘go green’. It covers (1) Green Productivity, (2) Green Consumerism, (3) Green Procurement, and (4) Green Labelling. A feasibility test should be designed to be as low-cost as possible and should revolve around creating a Minimum Viable Product (MVP) or simple proof of concept, which communicates the most simple, basic value propositions of your future product or service.
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To survive in today’s world of modern business, you must understand the basic concepts and speak the language. The CREC (Center for Research in Electronic Commerce) at the University of Texas has developed a conceptual framework for how the Internet economy works. The framework shows four layers of the Internet economy-the three mentioned above and a fourth called intermediaries (see Table 1).
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Copyright © 2018 Innovative Business Concepts. The idea of providing people with the platform of buying things at the single mouse click must have been akin to a fantasy back in the year 1994 when Jeff Bezos founded Amazon, a website that was originally meant to sell books. However, the company has grown into a behemoth, valued at $247.6 billion, and now retails almost anything you can think of and is a leader in the ever growing industry. As far as the novelty of the idea was concerned, it was smart, bold, and way ahead of its time. The number of online retailers increased at a breakneck pace following the success of Amazon, and an eMarketer report in 2014 pegged the total online retail sales at an astonishing $1.3 trillion (yes, Trillion with a capital ‘T’).
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