Business Models vs Internet Business “Concepts”, part 1
Immersive technology and virtual worlds presents new opportunities and challenges to the traditional sense of the profitable business model. "Discontinuous change", according to Gary Hamel of Strategos, is the make up of today's and tomorrow's successful business models. Discontinuous change includes not thinking of a new business model itself, but a new business concept. It is almost like saying, there aren't any new business models to create, so we must recreate what a business model looks like--to be discontinuous. Social networking sites are perhaps the epitome of these new business concepts. Unfortunately, these pioneers of social media have forgotten one very important part of business, and that is evidenced in the many discussions of how these sites intend to "monetize" their creations "after" the start of the business.
Posted by Coyle Brenmann Date: Wednesday, August 12, 2009
Categories: Strategies
Tags: business models, internet business, social networking, web 2.0