how to build risk into your business model
TRANSCRIPT
Main Points of Value Chain
•Delaying production commitments
•Transfering risk to other parties
•Improving the quality of their information
Designed a hyperfast supply chain to make it easier to keep pace with customer demand
Business Model of MyFab
Gathering better data
MyFab provides a catalog of potential designs.
Customers vote on them.
The most popular ones are put into production and shipped to buyers directly from the manufacturing sites.
Rewriting your contracts
Another way to manage risk –especially asset-related risk-is to pass the exposure on to someone else.
Adding Risk
Power by
the hour
Advantages and Challenges
Challenge: Company being copied is a
competitor
Advantage :It’s much cheaper
Summary In conclusion,companies can prosper by
innovating their business model and the secret of this is designing a good value chain.
The companies can reduce their business model risk by delaying production commitments,transfering rist to other parties or improving the quality of information.
Khadija [email protected]