The two questions of “where” and “how” to compete define _____________.

Which of the following statements about Business Model is NOT true?

Tesla drew inspiration from Apple to position its electric vehicles favorably against internal combustion engines.

Which of the following is NOT a stage of the business model design process model?

How is business model innovation (BMI) different from corporate venturing?

Renowned for pioneering the streaming video model, Netflix is now boldly expanding into the gaming industry. In 2021, Netflix acquired Night School Studio to develop its first in-house game and further strengthened its portfolio the following year by acquiring Boss Fight Entertainment, which specializes in action and storytelling games. Netflix has introduced games like a chess game based on The Queen’s Gambit and is moving into higher-end games that can be streamed on TVs or PCs, positioning itself against giants like Sony and Microsoft. This expansion is not just a new venture; it’s a strategic effort to keep audiences engaged between seasons of their favorite shows.  Which of the following statements best describes Netflix’s recent expansion into the gaming industry?

Spotify’s partnership with established music labels and social networking sites may enhance the legitimacy of Spotify’s business model. However, this partnership may increase music labels’ willingness to imitate Spotify’s business model. 

According to Amit and Zott (2021), what did the founders of Zopa consider their role to be?

According to Schumpeter, the primary source of value creation is innovation.

Business model designers should make legitimate structural elements of their business model visible while keeping novel elements that look less legitimate less visible.