new trand in business model

May 29th, 2015
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Academy of Art University
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Business Model of Facebook Introduction Mark Zuckerberg, Chris Hughes, and Dustin Moskovitz, founders of the Facebook.com phenomenon, saw an existing product in need of improvement and expansion. A facebook is a book that is made up of photographs of individuals along with their names. Facebooks are often published at the start of the academic year by the administrations of colleges and universities, with the intention of helping students, faculty, and staff to get to know each other better. A facebook may be contrasted with a yearbook, which is traditionally published at the end of the academic year and usually includes details about various aspects of the preceding year, along with the sort of content one would find in a facebook. (Wikipedia)

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Business Model of Facebook Introduction Mark Zuckerberg, Chris Hughes, and Dustin Moskovitz, founders of the Facebook.com phenomenon, saw an existing product in need of improvement and expansion. A facebook is a book that is made up of photographs of individuals along with their names. Facebooks are often published at the start of the academic year by the administrations of colleges and universities, with the intention of helping students, faculty, and staff to get to know each other better. A facebook may be contrasted with a yearbook, which is traditionally published at the end of the academic year and usually includes details about various aspects of the preceding year, along with the sort of content one would find in a facebook. (Wikipedia) Facebook.com is on online database of everything the old paper facebooks had and more. Sources: 2, 6 The Business Model Business model is the mechanism by which a business intends to generate revenue and profits. It is a summary of how a company plans to serve its customers. It involves both strategy and implementation. It is the totality of: How it will select its customers How it defines and differentiates its product offerings How it creates utility for its customers How it acquires and keeps customers How it goes to the market (promotion strategy and distribution strategy) How it defines the tasks to be performed How it configures its resources How it captures profit

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