Question: Consider a start-up from the workshops. Suggest two changes from 2 different building blocks from the flexible business model canvas this start-up could adopt to

Consider a start-up from the workshops. Suggest two changes from 2 different building blocks from the flexible business model canvas this start-up could adopt to substantially increase the retention rate of their existing customers. This means you need to suggest one change with regard to one building block and one change regarding another building block. Provide a comprehensive argument why your options make sense, e.g. through discussing their benefits and drawbacks or discussing contextual conditions that make your chosen option more meaningful

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

1; Consider a start-up from the workshops. Suggest two changes from 2 different building blocks from the flexible business model canvas this start-up could adopt to substantially increase their...

ECOWASH: A BUSINESS OPPORTUNITY WORTH PURSUING? . The two exchanged contact information and then set up a time to meet so that Patel could see Chaos invention. When they met, Patel was pleasantly...

Use the case study as shown in the photo and your own research on Peloton to answer the following questions. (500 words each question, total of 2000 words) 1) Using the Business Model Canvas to...

Summarize key points (do not copy) Discuss how the following article relates to the class (Introduction to business) Add personal comments, observations, or experiences related to the article Project...

Review an Annual Report to gain a general understanding of the types of financial information contained in the report and why that information might be useful to a potential reader. You will also be...

Introduction Pfizer chief executive officer (CEO), Ian Read announced in the fiscal year 2017, that Pfizer had successfully maintained its position as the leading global pharmaceutical corporation in...

How would you use a decision matrix to determine the risks of your suggested strategic alternative and the potential financial implications for your company of pursuing this alternative? Is the...

From the above answer the below questions ( Case 8 Eastman Kodak's Quest for a Digital Future ) What was the nature and sources of organizational inertia in this case? Explain disruptive technology...

Go to www.nucor.com. At the top of the frame you will see the heading Our Story. Then click on Chapter 1 Corporate Overview and read the information under this tab and then click on Chapter 2 History...

Describe a project in which you participated. What activities were involved and how were they interrelated? How would you rate the project manager? What is the basis of your evaluation? Discuss.

The shape of the aggregate supply curve of Xanadu is flat and the government applied contractionary monetary and fiscal policy for increasing economic growth. According to these policies, what...

The covid pandemic is an example of unsystematic risk. True or false.

You purchased 2,000 shares in the New Pacific Growth Fund on January 2, 2019, at an offering price of $47.10 per share. The front-end load for this fund is 5 percent, and the back-end load for...