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There are four basic types of business models. These are manufucturer, distributor, retailer and franchise. A manufucture takes raw materials and converts them into products. The distributor then buys the products and resales them retail outlets or sells to the public. Retailers sell the products to the final public. A frachise can either be a manufucter, retailer or distributor.
A business strategy defines the way a business organisation wants to sell its products to its customers and make its presence known to them. Strategy defines how a business will create, deliver and capture value. A business organisation will depend on its model to deliver its strategy. The business model is therefore vital since its the vehicle that an organisation uses to deliver its strategy.
Being a fast mover is a disadvantage for several reasons. First, there is no actual market and a fast mover actually tries to offer a solution with no apparent market.secondly, it is very expensive to be a first mover due to the publicity costs, supply chain costs, training, research and so forth. Thirdly, research shows that the first version is never right and products have to be customized later on to exactly fit customer needs. Fourthly, first mover opportunities are actually hard to capture and require immediate actions which are usually hard to implement.
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