BUSINESS SYSTEM & MODELS

Business System and Models

Table of Contents

Introduction1

Big Bang Approach2

Pilot Study3

Market Research4

Delphi Method5

Forecasting Methods6

Qualitative Method7

Quantitative Method8

Forecasting Potential Issues8

Pilot Launch Approach9

Limitations10

Conclusion11

References13

Business System and Models

Introduction

Various business systems or models facilitate the organizations or the companies to craft the strategies which will serve them in order to meet the set goals and objectives. It allows the organizations to allocate their resources in much better. This helps them to forecast and take decisions realistically and rationally. However, the fact should be kept in mind that different approaches in this regard tend to serve the organizations differently. The experts tend to agree upon the fact that the business models or business systems tend to mould the strategies of the organizations so that they can develop the competitive edge over the others. Business system or models are used to help the organization built its infrastructures and other strategies to compete in the market.

However, business system and models are of the view that it allows the organizations or the businesses to build the mechanism which will formulate the new strategies and offerings so that business can not only compete in the market but strengthens its ground to be the market leader. Business system or models tend to shape up the various aspects of the organizations which can either be formal or informal. Precisely business models or a system allows the organization to see the picture in much broader perspective. In the context of this paper we tend to analyse different models or theories which allows the organization to obtain a competitive edge over its competitors.

Big Bang Approach

This approach allows the organization to launch a product in the mainland Europe .This appraoach is demands ample sources to be allocated in order to acheive the goal.Hence there are variopus risks involved when aopting for a big bang approach.

Since the market the company intends to explore is hige thus the risks asssociated with it will also be huge.However, m,many experts tend to agree uppon the fact that Big Bang Approach does require a lot of capuital yo be injected sonce the target market is not segmented neither is anything else.Thus this approach do not tends to be adviced by the experts.Although in the contest of this paper we tend to sanlase the posiible outcomes of the organizatio who tends to explore the mainland europe. However, the concepts related to the Big Bang appraoch tends to suggest that the organization who tend to do so have their debts and pay-off planned thus in the course of thi paper we will only anlayse the possible outcomes of the biog bang appraochj iirespective of the statistics and would be sheding light on it which will have a direct effect ion the compnay status.

The following tree tends to show the the possible outcomes related to the dicsision of opting for a big bangh approach.

Pilot Study

This type of study will ensure that the company or the organization which intends to expand do so in order to better channel the ...