IDEAS home Printed from https://ideas.repec.org/a/pts/journl/y2018i1p24-38.html
   My bibliography  Save this article

Best Strategies For The Ideal Business Model

Author

Listed:
  • Dimitrios VALSAMIDIS

    () (TEI of East Macedonia and Thrace, Kavala, Greece)

  • Dimosthenis PAPPAS

    () (TEI of East Macedonia and Thrace, Kavala, Greece)

  • Vasilios FERELIS

    () (TEI of East Macedonia and Thrace, Kavala, Greece)

  • Michael NIKOLAIDIS

    () (TEI of East Macedonia and Thrace, Kavala, Greece)

Abstract

In different chronological periods, four innovative web based business models proved that the human creativity can lead to huge success even with few resources in the beginning. All the examples have something common, the rapid implementation of an instant inspiration. The so called big four (Facebook, Amazon, Google, Apple) or FAGA or GAFA have explosive success in a certain period of time. The last decade, Amazon, Apple, Facebook and Google are the four most influential companies on the planet. These companies excel via their superior use of technology, have built incredible ecosystems and have embraced partnerships and external innovation. Beyond all of this, the big four have embraced an entirely new way of doing business: (1) They are rooted in equally powerful technologies—and their intelligent usage. In other words, they differ from traditional platforms in that they are not predicated on physical assets, land, and natural resources. (2) They benefit tremendously from vibrant ecosystems (partners, developers, users, customers, and communities). Facebook in social networks, Amazon in electronic commerce, Google in search engines and Apple in the multimedia devices proved that brand and business model work together because if they do not align brand and business model it will backfire, probably not in the short run but surely in the long run. The similarities and the differences of the big four models can assist to draw useful insights about the necessary guidelines for an effective entrepreneurship. Using these examples, we conduct a comparative evaluation using SWOT analysis and business model canvas, and present the results. The best practices of FAGA draw valuable insights for an ideal business model.

Suggested Citation

  • Dimitrios VALSAMIDIS & Dimosthenis PAPPAS & Vasilios FERELIS & Michael NIKOLAIDIS, 2018. "Best Strategies For The Ideal Business Model," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 17(1), pages 24-38.
  • Handle: RePEc:pts:journl:y:2018:i:1:p:24-38
    as

    Download full text from publisher

    File URL: http://economic.upit.ro/repec/pdf/2018_1_3.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Elias Carayannis & Stavros Sindakis & Christian Walter, 2015. "Business Model Innovation as Lever of Organizational Sustainability," The Journal of Technology Transfer, Springer, vol. 40(1), pages 85-104, February.
    2. Richard J. Gilbert, 2015. "E-Books: A Tale of Digital Disruption," Journal of Economic Perspectives, American Economic Association, vol. 29(3), pages 165-184, Summer.
    3. repec:wsi:ijitmx:v:15:y:2018:i:03:n:s0219877018500268 is not listed on IDEAS
    4. Bouwman, Harry & Carlsson, Christer & Carlsson, Joanna & Nikou, Shahrokh & Sell, Anna & Walden, Pirkko, 2014. "How Nokia failed to nail the Smartphone market," 25th European Regional ITS Conference, Brussels 2014 101414, International Telecommunications Society (ITS).
    5. Stavrinoudis, Theodoros, 2007. "Applying SWOT Analysis in Formulation of Propositions for more Effective Operational Application of Timeshare in Greece," MPRA Paper 25370, University Library of Munich, Germany, revised 27 Nov 2007.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Business model canvas; SWOT analysis; Digital disruption; Comparative evaluation.;

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pts:journl:y:2018:i:1:p:24-38. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Logica Banica). General contact details of provider: http://edirc.repec.org/data/fepitro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.