Business Model - Disruption - Essay Writing Assessment Answer

Business Model Assignment

Assignment Task

Hello, this discussion will be centered in understanding the concept of business model, disruptions and its causes as well as a discussion of one of the industries that has been disrupted in the recent times.

State this information as it presents the Business model (Explain using the information below)

• To start with, a business model has been defined themeans by which different industries employ to make extra profits and generate some revenue from its operations.
• A business model dictates the success of a business and makes it easy to adapt to changes that happen in an organization. In most cases, business models are usually interfered with by the disruptions that are caused by factors within and outside the organization.

Explanation Disruption

• A disruption is defined as any form of innovation that brings about a new market as well as a valuable network that leads to a change in the existing market.
• Disruptions in businesses are a result of different factors that may act jointly for the sole purpose of making the services and products offered by the organization better.
• Some of the key factors that have been identified to bring about disruptions in organizations include technological factors, administration factors, and customer based factors.
• As such, either one or a combination of these factors disrupts an organization differently leading to a change in its operations for better services and products.

An Explanation of Uber Taxi Company

• An example of an industry that has bee disrupted recently is the taxi industry. This industry has been disrupted by the entry of new technologies in the market that have seen the entry of taxi organizations like the Uber taxi company that has significantly changed the operations of different taxi operators.
• The key difference between the services offered by Uber and ordinary taxi is that of efficiency, cost effectiveness, and being customer oriented rather than being profit oriented.
• Most of the operations of the Uber Taxi are done digitally while the other taxi operations are manual and their efficiency is questionable.

Conclusion

• Finally, it is important to note that business models continue to change as long as new disruptions are experienced in the organization.
• Therefore, businesses need to be highly flexible and come up with strategies that will foresee their operations change frequently as different disruptions are introduced in the business.
• It is thus recommended for all business to adopt the appropriate models that are technologically based thus making their operations efficient for their customers.