IMO 1,2 are business models, 3 is a cultural approach or strategy, 4,5,6,7,8,9 are more like operational strategies (models for how to do business, I guess)
Of all the videos I have ever seen , this video has made a huge impression on me. This man is not shouting to do his business. He’s very calm and composed. Thank you.
*3 main Business Models* :- 1) *Recurring income/subscription based model* e.g. Netflix, Jio, Airtel 2) *Online Platform* e.g. Facebook (now META), Amazon, LinkedIn 3) *Innovation centric businesses* e.g. Tesla(innovation- electric cars), Samsung(innovation- foldable phones)
Honestly I have zero knowledge in business field, I came to this chanel because I have to do presentation for a job that I applied and the task is to do slides presentation about Business model. through this video I started to understand a little bit about business models, thank you sir 🙏
It is a bit messy what is strategy, business model"s competitive advantages, capabilities...In my opinion, these different terms or ideas have to answer different questions, or perspectives, points of view on business. There are a lot of overlapping...
Bernard, this video is amazing, very motivational and inspiring - this prove that the road to wealth is really not difficult, but not that easy. Keep posting more of those wonderful videos of yours. Thanks.
Wow! So clear his pronunciation to understand as a foreigner and I am thinking to start to run own my business someday soon.....this information are very helpful. Thanks~
@11:45 The RFID technology (a tint RF tag embedded within the product) have proven to be more effective because it has a wireless code that associates to the description (quality and quantity and status) of those tagged products. Also the readers are becoming more available and affordable than ever before.
Thank you so much and examples you have used. I sort of came on RUclips to find a better way to explain a company's business model. Hybrid with almost 6 of them. Definitely your video has taught me something and boosted my confidence for my presentation
Thank you! I thought I was completely off track on all my writings on the subject when he said he goes into companies and teaches this. How do people get paid for getting things so wrong!
You can also combine lots of these models to grow your business and understand the various necessary angles with which you can serve your customers. I love this content! Thank you.
I am thinking about a new type of restaurants : eating-spots, in eating-spots, food keeps changing, chefs also rotate, this is opposed to current restaurants, thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants, along with that, there is an app, people vote for the food that will be cooked in the next days, menu is influenced by the live input of the people via an app.
Its very important Subject/Business models. Try to reduce your background music, its good but disturbing . Music is highlighting compared to your demo, unable to concentrate.. Hope you change in next videos.. thanks bro..
Kim Maksim: Everyone asks: what are Key performance indicators KPI? Key performance indicators are divided into three types. Personal, process and corporate. The first is personal Key performance indicators. These include the personal characteristics of a person,which are determined by the formula:the ratio of the result of labor to the predicted losses that a person can make. Efficiency is = to Result / by Losses That is, in simple terms, each person has his own characteristics. Like a normal computer Before concluding an employment contract with a person each employer determines this most personal Key performance indicators If he needs just such a person with his characteristics then he concludes an employment contract with him. The key performance indicators of each person are constantly changing depending on the characteristics of the person. Competence, physical condition, motivation, technical support. How are personal Key performance indicators used in remuneration? In remuneration, Key performance indicators are applied using the formula the ratio of the result of labor to predicted losses Efficiency is = to Labor Result / by Losses For example: wages are divided into two parts, variable and fixed The constant part is unchanged The variable is adjusted using Key performance indicators. If an employee achieves a predicted loss of fifty percent, then his Key performance indicators will be equal to one. That is, he will receive the variable part of his salary in the amount of one constant part. 50 %/ 50 %= 1 If an employee achieves a predicted loss of forty percent then his Key performance indicators will be equal to one point five tenths. That is, he will receive the variable part of the salary in the amount of one point five tenths of the fixed part. 60 % / 40 %= 1,5 If an employee achieves a predicted loss of thirty percent then his Key performance indicators will be equal to two point three tenths That is, he will receive the variable part of the salary in the amount of two point three tenths of the fixed part. 70 % / 30 %= 2,3 If an employee achieves a predicted loss of twenty percent, then his Key performance indicators will be equal to four That is, he will receive the variable part of his salary in the amount of four fixed parts 80 % / 20 %= 4 If an employee achieves a predicted loss of ten percent then his Key performance indicators will be nine. That is, he will receive the variable part of his salary in the amount of nine fixed parts. 90 % / 10 %= 9 The possibilities of Key performance indicators as well as the possibilities of a person, are not limited How to determine the predicted losses and the result of labor? Using specially created methodology and computer program Key performance indicators. Tutorial via link on RUclips channel. youtube.com/@maksimkim202
In practice we use almost all these models similarly. Does a hybrid business model exist? is it effective? or rather we should be more focused on just one or two?
If you can create a hybrid between all 9 you have a winning formula - just think of Amazon, Alphabet, Alibaba, etc.- many of today's most successful companies are using all 9.
@@bernardmarr In my opinion this is the right message of this video, naturally, if all these is applicable in concrete company. If all those business models are elements of one business model, maybe we should call them differently, (but that question seems to be intellectual exaggerating), or simply as you said we should call them hybrid - winning-models. Thanks a lot as usual, looking fwd for the next video!
Expansion is essential to a business as it evolves from a startup to a full-fledged company backing a product or service. However, a business can't grow if there is no concrete roadmap in place to navigate the uncharted space. I think the best fit for business relies heavily on the industry and the customer base that the company plans to serve. In my case, a subscription seems to be the best fit due to most software premium software existing in this state today. However, that's not to say that is the only method.
Hi, I'm new to your channel, I'm a creative marketer working on launching my creative serve company; which of your books will you recommend to start reading and why? thanks!
Excellent video . I even from your website read the text which is also with reading along with video. Can I sue your video and handout for my students of Emerging organization and dynamic change
Sounds like we have a similar background working with corporate - I'm curious what is your chosen business model out of all of those that you've found to work the best - especially in these crazy times?
This is the epitome of excellence. I read a book with similar content, and it was the epitome of excellence. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
good video though at a certain point you have the music playing twice and out of phase which is distracting from your speech. Other than that I really appreciate you take the time to disseminate this infromation
What are business model components? 1. Anything that a business model needs to produce a product or service: design, raw materials, production methods, labor, etc. 2. Anything needed to sell a product: marketing, distribution, product delivery, or sales services and operations. 3. Everything that the customer pays and how it is paid: pricing strategy, payment methods, payment time, down payment amount, etc. retiba.com/academy/business-strategies/business-model-differ-business-plan/ A good business_model can modify and optimize each of these three components. You may be able to lower costs during design and production. You may be able to find more effective ways to market and sell. Or you may be able to come up with an innovative way for customers to pay.
I just shot a video on this. Really good video Bernard and I agree with a few things you've shared. Subscription income is essential, that's the true definition of passive income. Do you sell any courses to sell any pieces of training on this? If not I highly recommend becoming an affiliate at the least because you have a great following and traffic coming in. Great job and all the best.
I'm absorbed in this content. I had the pleasure of reading something similar, and I was absorbed. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
Great Video however content needs to be updated as you now Disney has built that platform to play its content to the end user and omit the music, it is distracting.
Absolutely, if you think about companies like Amazon, this is exactly what they are trying to do. The more you address all these models the more successful you are going to be.
Of course, there is an almost overwhelming amount of information with regards to how to succeed in the world of online business, Unfortunately certain limitations like scarce resources may place you at a disadvantage when looking to effectively manage your business. Hence the need to focus your strategy on the models that work and are pocket friendly Follow this link to download your free Report: princypal.com/squeezepage/
I wonder if the car company Bernard was talking about at part 5 was Nikola. A car company with few employees and most of the work outsourced, kinda sus
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
IMO 1,2 are business models, 3 is a cultural approach or strategy, 4,5,6,7,8,9 are more like operational strategies (models for how to do business, I guess)
agree
Exactly. Core values, ops, business models all mixed up.
I agree. But these are 9 interesting notes.
Agree, but maybe Bernard can give all of those 9 example so each of them have their own "stance" as a Business Model
Exactly, this guy doesn’t know what he is talking about.
Of all the videos I have ever seen , this video has made a huge impression on me. This man is not shouting to do his business. He’s very calm and composed. Thank you.
Ahhh, that's so kind of you to say!
00:39 1-MODEL
03:33 2-MODEL
05:33 3-MODEL
07:30 4-MODEL
09:13 5-MODEL
10:53 6-MODEL
13:25 7-MODEL
14:37 8-MODEL
16:20 9-MODEL
Just so you know my university (UOP) has recommended watching this video!! You should be proud❤❤❤
*3 main Business Models* :-
1) *Recurring income/subscription based model* e.g. Netflix, Jio, Airtel
2) *Online Platform* e.g. Facebook (now META), Amazon, LinkedIn
3) *Innovation centric businesses*
e.g. Tesla(innovation- electric cars), Samsung(innovation- foldable phones)
Honestly I have zero knowledge in business field, I came to this chanel because I have to do presentation for a job that I applied and the task is to do slides presentation about Business model. through this video I started to understand a little bit about business models, thank you sir 🙏
Good to hear
It is a bit messy what is strategy, business model"s competitive advantages, capabilities...In my opinion, these different terms or ideas have to answer different questions, or perspectives, points of view on business. There are a lot of overlapping...
I agree. Its important to clearly differentiate between a business model and a business strategy.
Bernard, this video is amazing, very motivational and inspiring - this prove that the road to wealth is really not difficult, but not that easy. Keep posting more of those wonderful videos of yours. Thanks.
Thank you!
Wow. Called apple subscription model two years before it was announced. You are a real futurist!!!!
Great video! My instructor from my business school recommended us to watch it. Really enjoyed it!
So glad to hear you enjoyed it!
Wow!
So clear his pronunciation to understand as a foreigner and I am thinking to start to run own my business someday soon.....this information are very helpful.
Thanks~
That's great to hear. Thank you very much and good luck with any future ventures!
Thanks Bernard, this video helped me alot for creating my own business model. Very informative video.
@11:45 The RFID technology (a tint RF tag embedded within the product) have proven to be more effective because it has a wireless code that associates to the description (quality and quantity and status) of those tagged products. Also the readers are becoming more available and affordable than ever before.
Im reading business models for dummies. Great read. Really inspiring.
Thank you so much and examples you have used. I sort of came on RUclips to find a better way to explain a company's business model. Hybrid with almost 6 of them. Definitely your video has taught me something and boosted my confidence for my presentation
This explains the Business Model Canvas perfectly. I agree they’re not all types of models.
There’s a mixture of model and strategies, would appreciate even more if it’s clean clear cut differentiation. Thank you for the amazing content
Thank you! I thought I was completely off track on all my writings on the subject when he said he goes into companies and teaches this. How do people get paid for getting things so wrong!
This video appeared in my feed. Very well structured and easily explained.
You can also combine lots of these models to grow your business and understand the various necessary angles with which you can serve your customers. I love this content! Thank you.
I am thinking about a new type of restaurants : eating-spots,
in eating-spots, food keeps changing, chefs also rotate,
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants,
along with that, there is an app,
people vote for the food that will be cooked in the next days,
menu is influenced by the live input of the people via an app.
Please put all the business model in description
Thanks Bernard, I am researching about subscription model business and this was a very clear and helpful video.
That's good to hear, thank you.
Great presentation
Thank you!
Very good and professional content, Thank you
👍🏻😊
Excellent video. Thank you for sharing..
I am glad you like it 😊
Its very important Subject/Business models. Try to reduce your background music, its good but disturbing . Music is highlighting compared to your demo, unable to concentrate.. Hope you change in next videos.. thanks bro..
This is really Insightful. THANK YOU.
PLEASE KEEP SHARING..
Kim Maksim:
Everyone asks: what are Key performance indicators KPI?
Key performance indicators are divided into three types. Personal, process and corporate.
The first is personal Key performance indicators.
These include the personal characteristics of a person,which are determined by the formula:the ratio of the result of labor to the predicted losses that a person can make.
Efficiency is = to Result / by Losses
That is, in simple terms, each person has his own characteristics.
Like a normal computer
Before concluding an employment contract with a person each employer determines this most personal Key performance indicators If he needs just such a person with his characteristics then he concludes an employment contract with him.
The key performance indicators of each person are constantly changing depending on the characteristics of the person.
Competence, physical condition, motivation, technical support.
How are personal Key performance indicators used in remuneration?
In remuneration, Key performance indicators are applied using the formula
the ratio of the result of labor to predicted losses
Efficiency is = to Labor Result / by Losses
For example: wages are divided into two parts, variable and fixed
The constant part is unchanged
The variable is adjusted using Key performance indicators.
If an employee achieves a predicted loss of fifty percent, then his Key performance indicators will be equal to one.
That is, he will receive the variable part of his salary in the amount of one constant part.
50 %/ 50 %= 1
If an employee achieves a predicted loss of forty percent then his Key performance indicators will be equal to one point five tenths. That is, he will receive the variable part of the salary in the amount of one point five tenths of the fixed part.
60 % / 40 %= 1,5
If an employee achieves a predicted loss of thirty percent then his Key performance indicators will be equal to two point three tenths That is, he will receive the variable part of the salary in the amount of two point three tenths of the fixed part.
70 % / 30 %= 2,3
If an employee achieves a predicted loss of twenty percent, then his Key performance indicators will be equal to four
That is, he will receive the variable part of his salary in the amount of four fixed parts
80 % / 20 %= 4
If an employee achieves a predicted loss of ten percent then his Key performance indicators will be nine.
That is, he will receive the variable part of his salary in the amount of nine fixed parts.
90 % / 10 %= 9
The possibilities of Key performance indicators as well as the possibilities of a person, are not limited How to determine the predicted losses and the result of labor?
Using specially created methodology and computer program Key performance indicators.
Tutorial via link on RUclips channel.
youtube.com/@maksimkim202
There are very lucid explanations and examples. Thanks
Hello , you are speaking the truth you must pay your price. If you don't mind where are you writing from?
Hello, can you explain as well the business models of tesla and other electric car companies. Thanks
In practice we use almost all these models similarly. Does a hybrid business model exist? is it effective? or rather we should be more focused on just one or two?
If you can create a hybrid between all 9 you have a winning formula - just think of Amazon, Alphabet, Alibaba, etc.- many of today's most successful companies are using all 9.
@@bernardmarr Thank you for confirming. This is just what I was thinking.
@@bernardmarr In my opinion this is the right message of this video, naturally, if all these is applicable in concrete company. If all those business models are elements of one business model, maybe we should call them differently, (but that question seems to be intellectual exaggerating), or simply as you said we should call them hybrid - winning-models. Thanks a lot as usual, looking fwd for the next video!
Excellent content, very timely and insightful.
Thank you 😊
I like content and your delivery. very professionally communicated!
This is such great content, which has given me a reason to do my business differently. Thanks!
That’s wonderful to hear 👍🏻
Wow I can’t watch it all right now but I really like the idea of the first one if you can pull it off!
Anak SBM yang kelas online CI, raise yo hand 🤚
Expansion is essential to a business as it evolves from a startup to a full-fledged company backing a product or service. However, a business can't grow if there is no concrete roadmap in place to navigate the uncharted space. I think the best fit for business relies heavily on the industry and the customer base that the company plans to serve. In my case, a subscription seems to be the best fit due to most software premium software existing in this state today. However, that's not to say that is the only method.
I have made mistake it should be written: strategy, business models, competitive advantages...
If I understood correctly, No.7 is more of a business strategy than a business model.
THX,V MUCH FORVYOUR
HUMBLE STIDHY I AM. APRECIATE TO USE YOUR WORK FOR MY RESERACH
WISHIMH.YOU WEL
very good idea , even quality of production can so bring successful in business
keep growing forward bernard we give you all the support
Great examples
Thank you!
Disney must have watched this video before releasing Disney Plus
Which business model will I use for tax services?
Hi, I'm new to your channel, I'm a creative marketer working on launching my creative serve company; which of your books will you recommend to start reading and why? thanks!
Excellent video . I even from your website read the text which is also with reading along with video. Can I sue your video and handout for my students of Emerging organization and dynamic change
Thank you for your content Bernard. Can you share partner-centric businesss models? The car manufacturer u mentioned? Thanks :)
Sure thing!
Sounds like we have a similar background working with corporate - I'm curious what is your chosen business model out of all of those that you've found to work the best - especially in these crazy times?
This is the epitome of excellence. I read a book with similar content, and it was the epitome of excellence. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
good video though at a certain point you have the music playing twice and out of phase which is distracting from your speech. Other than that I really appreciate you take the time to disseminate this infromation
What are business model components?
1. Anything that a business model needs to produce a product or service: design, raw materials, production methods, labor, etc.
2. Anything needed to sell a product: marketing, distribution, product delivery, or sales services and operations.
3. Everything that the customer pays and how it is paid: pricing strategy, payment methods, payment time, down payment amount, etc.
retiba.com/academy/business-strategies/business-model-differ-business-plan/
A good business_model can modify and optimize each of these three components. You may be able to lower costs during design and production. You may be able to find more effective ways to market and sell. Or you may be able to come up with an innovative way for customers to pay.
Very useful, thank you - a great complement to your LinkedIn articles.
I am glad you like it and appreciate the comment!
Your speech well , teach method very nice
Thanks a lot
Spot on
Really informative, and so simply put.
Glad you think so!
Thank you! This was so well explained, which made me learn a lot of things I hadn't even thought of before 👍 Keep up the good work 👍
Glad to hear it!
I just shot a video on this. Really good video Bernard and I agree with a few things you've shared. Subscription income is essential, that's the true definition of passive income. Do you sell any courses to sell any pieces of training on this? If not I highly recommend becoming an affiliate at the least because you have a great following and traffic coming in. Great job and all the best.
Do business practices like valuing privacy and authenticity really count as business models?
Clean and clear!
Thank you, Vijay!
I'm absorbed in this content. I had the pleasure of reading something similar, and I was absorbed. "The Hidden Empire: Inside the Private Worlds of Elite CEOs" by Adam Skylight
Only 1 and 2 are business models.
Disney: Netflix can do what?!
1 month later...
DisneyPlus: Hi, how u doin?
so insightful
Glad you think so
Great Video however content needs to be updated as you now Disney has built that platform to play its content to the end user and omit the music, it is distracting.
Can these model need certain change after the pandemic of covid 19
I don't think so.
Excellent insights. Thank you
Thank you for this video was very helpful
Very insightful
very thank you
should have use some graphic to support the model...great content but the way of presenting make it boring..
Can these models be combined
Absolutely, if you think about companies like Amazon, this is exactly what they are trying to do. The more you address all these models the more successful you are going to be.
why does this guy have a slight indian accent
Nice video facts 👌
Thank you 👍
Business model 7 and 9 can be seen together …
I really loved this! thank youuu
Love from my heart
Most of those are company values, not business models.
Great video!
Please send me a PDF on this
greats
Not all of these are business models...
Safe and sound
thank you so much for this amazing video
Nice content
Of course, there is an almost overwhelming amount of information with regards to how to succeed in the world of online business, Unfortunately certain limitations like scarce resources may place you at a disadvantage when looking to effectively manage your business. Hence the need to focus your strategy on the models that work and are pocket friendly
Follow this link to download your free Report: princypal.com/squeezepage/
That’s why Disney created the Disney +
So asmr😍 thank u, super informative
That's great to hear, thank you!
business models or business strategies
Hello sir this is ankit here form India, Would you will like to be my mentor?
If only Apple placed as much value on human lives in their sweat shops in Asia, as they like to appear to value "user privacy"... :-/
Wellsaid.
nice content...but the music does nothing but detract...
I agree, music isn't needed. In my new videos, I don't include any music.
Thank you ❤️
I got an aha moment from this video
💯💯💯💯💯💯💯💯
Nope this is just wrong. Watch the Y-Combinator video on actual business models. He confuses business models with business philosophy,
I wonder if the car company Bernard was talking about at part 5 was Nikola. A car company with few employees and most of the work outsourced, kinda sus
Good info. Thank you.
Feedback.
You speech value is too low.
Music distracting and too loud.
Painful.
1.5x