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 | From the Editor's Desk
How to Design a Winning Business Model Most executives believe that competing through business models is critical for success, but few have come to grips with how best to do so. One common mistake, the authors’ studies show, is enterprises’ unwavering focus on creating innovative models and evaluating their efficacy in standalone fashion—just as engineers test new technologies or products. However, the success or failure of a company’s business model depends largely on how it interacts with those of the other players in the industry. (Almost any business model will perform brilliantly if a company is lucky enough to be the only one in a market.) Because companies build them without thinking about the competition, companies routinely deploy doomed business models.
Moreover, many companies ignore the dynamic elements of business models and fail to realize that they can design business models to generate winner-take-all effects similar to the network externalities that high-tech companies such as Microsoft, eBay, and Facebook often create. A good business model creates virtuous cycles that, over time, result in competitive advantage.
Continued here
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WorkBuy U.S. Stocks, BofA Says. Just Not the Market-Cap S&P 500.   This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. WorkTwo If By Sea: Mandarin Oriental Links Luxury Travelers For An Iconic New York-Boston Adventure  The late summer/early autumn months traditionally offer ideal weather for vacationing in the Northeast. Travelers might consider incorporating this four-night package into a longer multi-city trip, or simply turning it into the perfect excuse for visiting New York and Boston at the best time of the year. If nothing else, your seaplane will be the envy of coastal onlookers in two of America’s best cities. It’s a typical day at work for an international man of mystery, and a rare experience for even the most worldly travelers.
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