ASSIGNMENT | How do the four components of a business model affect each other?

Part 1 (2 pages)
How do the four components of a business model affect each other?
What might be some difficulties an organization may face when seeking to change its business model?
How can a new business model become a competitive advantage for a health care organization?

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Part 2 (1-2 pages)
Briefly Define and identify the Pros and Cons of the following :
Generic Strategies

Broad Low-Cost Strategy

Focused Low-Cost Strategy

Low-Cost Strategies in Health Care

Broad Differentiation Strategy

Focused Differentiation Strategy

Middle Strategy

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Explain which of the above strategies are best used in health care organizations. Support your rationale with facts and scholar resources.

SAMPLE SOLUTION

How do the four components of a business model affect each other?

The four main components of a business model are value proposition, the product/service, the value architecture, and the revenue model (Zott et al, 2011).

Value proposition refers to the benefits that a consumer or a value partner obtains from a ORDER YOUR PAPER AT WRITTASK.COMdel. Value proposition concerns two stakeholders: customers and value partners. The value proposition for customers means that the business fulfills the need of the ORDER YOUR PAPER AT WRITTASK.COM for value partners should be significant such that it motivates them to continue participating in the business (Zott et al, 2011). Product/service forms the link between the business and the customer. It is designed to satisfy the needs of the customer, thus…