Business Finance
Hamidcymn Virtual Organization Management LinkedIn Business Model Case Study

Hamidcymn

Question Description

I’m trying to learn for my Management class and I’m stuck. Can you help?

Case and questions are attached

  • This is an individual assessment, which is a part of course score. It requires effort and critical thinking.

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    Instructions • This is an individual assessment, which is a part of course score. It requires effort and critical thinking. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). CASE STUDY - Linked LinkedIn is a social networking website for people in professional jobs. Founded in 2003, LinkedIn connects the world's professionals to make them more productive and successful. With more than 645+ million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world's largest professional network. The company has a diversified business model with revenue coming from Talent Solutions, Marketing Solutions, and Premium Subscriptions products. LinkedIn could be defined as a Multi-Sided Platform. Headquartered in Silicon Valley, LinkedIn has offices across the globe. Users can make connections with other people they have worked with, post their work experience and skills, look for jobs, and look for workers. The site is available in many languages, including most European languages, Japanese, Korean, Indonesian, and Malay. Growth was slow at first. In 2005 LinkedIn introduced services that allowed companies to post job listings and search the network for prospective employees. In addition to these professional services, LinkedIn allows companies to advertise on the site. In December 2016, Microsoft completed its acquisition of LinkedIn, bringing together the world’s leading professional cloud and the world’s leading professional network. The business model is organized around four pillars: • • • • Talent Solutions Learning & Development Marketing Solutions Premium Subscriptions Talent Solutions: LinkedIn Recruiter allows enterprises and professional organizations to find, contact and hire highly qualified passive and active candidates based on Advanced searches, InMail service and Talent Pipeline Management. Learning & Development: Back in 2015, LinkedIn had bought an online learning company called Lynda for $1.5 billion. Lynda was integrated into LinkedIn as the learning and development platform for professionals. In short, subscription members can get access to thousands of professional courses. Thus, this segment of the business is subscription-based as well. Marketing Solutions: The marketing solution is the part where LinkedIn uses its member’s user base to let other businesses advertise their products or services. There are six products in this area: • Sponsored Updates • LinkedIn Ads • Sponsored in Mails • Display Ads • Ads API • Elevate The last segment is related to the premium subscription’s members. Premium Subscriptions: The differentiation between the subscription-based model and advertising model is not as simple as it seems. In fact, within premium subscriptions, you can have access to advertising features (like InMail Messages); therefore, even though the LinkedIn business model is mainly subscription-based. That is more diversified. In fact, it is undeniable that part of the value of the professional network comes from the leverage the businesses can make of the LinkedIn members’ base. One of the key aspects of a business model is the customer segment your organization serves, whom you sell your products or services. LinkedIn gets its overall value by offering services for both HR managers in need of qualified candidates and professionals looking for career opportunities. The Learning & Development platform allows LinkedIn members to get more qualified. Which in turn, increases the value of the hiring services as more qualified people are available. Teams are working to keep LinkedIn a safe place for professionals by proactively finding fake profiles then removing them and any content they share. Prevent 19.5 million fake accounts from being created at registration. This means the vast majority - 95% - were stopped automatically, without ever being live on LinkedIn. Restricting 2 million fake accounts before members reported them and 67,000 following member reports. This was possible by pairing human review with artificial intelligence and machine learning and our members who report fake accounts.98% of all fake accounts we prevented or took down were done so through our automated defenses, including artificial intelligence and machine learning. The rest were captured through manual review. Case Study Questions: 1.Which Business model is adopted in LinkedIn? (2 Marks) 2.Give the function of talent solution product in Linked in. (2 Marks) 3.Is the search in LinkedIn is effective? Reason out. (2 Marks) 4.Specify the ways adopted to prevent fake accounts? (2 Marks) ...
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    Final Answer

    Attached.

    Running head: VIRTUAL ORGANISATION MANAGEMENT

    VIRTUAL ORGANISATION MANAGEMENT
    By (Name)
    Course
    Professor
    Institutional Affiliation
    Date

    1

    VIRTUAL ORGANISATION MANAGEMENT

    2

    Question 1
    LinkedIn’s business model
    For profitability purposes, LinkedIn has put in place a freemium business strategy.
    This allows the users of this platform to get its core features free of charge but requires
    payment for extra services such as recruitment and advanced job searches. The company has
    been able to acquire massive revenues from its business model, which incorporates four
    features, such as; talent solutions, marketing solutions, premium subscriptions, and learning
    and development (Parker, 2020). For talent solutions, various organizations and
    professionals can find and employ highly skilled individuals. This acts as a premium tool for
    the platform since it majorly acts to recruit employees, therefore very useful for employers.
    Marketing solutions enable members to advertise their services and goods through
    various means such as Ads API, sponsored InMail, LinkedIn Ads, Sponsored updates
    Elevate, and Display Ads. This has become quite a useful venture for businesses that aim to
    expand their marketing strategies and campaigns. The premium subscription option allows
    members to access various features such as salary insights, sales navigation, online courses,
    and InMail serv...

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