Top Business Models to Inspire You in 2019

by Clayton Clive Blogger

Are you all set to adapt to the new digital world? With businesses picking upstream in the new workforce, it is obvious that companies need to work with newer business models today to keep up the pace with the modern world. Digital transformation has disrupted the current workforce with unprecedented breadth and depth, becoming the core catalyst for newer business models.

Traditional business strategy models were being used by most companies during the past decade. The reason due to which it took years together to build a multi-billion-dollar business. But things have changed in the recent past. We’re now living in a digital world where creating business models have become faster.

As digitization takes over the way businesses functions, it is believed that it will shape the new business era. To business strategy framework enable such approach and transformation, organizations need to have a new that will function according to the industry trends.

Let’s have a glance at some of the best examples of business strategy models that are already in existence.

· Airbnb

Through Airbnb, an online market enables people to list out and find rents an apartment (single or double apartments and houses) at a considerable processing fee.

Secret Ingredient: This accommodation provider does not own a single room and they do not rent it from the host but act like a middleman and interacts between the supply and demand. the business model is built on the sharing economy and a believe where owners are willing to rent out free spaces to strangers.

· Tesla

Tesla founded by Eric Eberhard and Marc Tarpenning is a company that deals with designing, manufacturing and selling electric cars, electric vehicle powertrain components or battery products. An automotive and energy storage company that aims at accelerating the advent of sustainable transport by introducing compelling mass market electric cars to the marketplace.

Secret Ingredient: Tesla offers high-quality services in varied ranges by making use of electric car easy and which is not complicated. Due to the positive experience, it is believed that out of ten customers at least nine would definitely recommend their car (Tesla). As a result, Tesla is investing heavily in its infrastructure to enhance further growth.

· Wikipedia

A free internet encyclopedia that helps enhance knowledge. It is one of the best and most popular general reference work that can be accessed on the internet, also ranked as one of the top ten popular websites online.

Secret Ingredient: This offers a large community to work and participate in projects without having the need to offer financial benefits. Due to the large community contribution, it assures that the quality of the articles available is all genuine.

· IKEA

IKEA is one of the best companies that help in designing furniture and sell ready-to-assemble appliances and home accessories.

Secret Ingredient: Services provided by IKEA – accessible stores (suburban) offer quality products, global sourcing of components, in-store amenities like coffee shops, day-care facilities, and restaurants.

· Alibaba

It you’re still now aware, Alibaba is one of the largest retail company worldwide.

Secret Ingredient: The main focus of Alibaba is to connect buyers with the sellers and they do not have any inventory. At present, they’re relying on bringing Chinese sellers with other buyers around the world. Their main value lies in the software interface and not in the products.

These are a few of the top companies that have the best business strategy framework.

Being a business-driven organization without proper business model can take you to paths that may not be successful. Knowing the needs of the customers and placing their problems and coming up with a solution is a key solution to building a successful business.