In the previous era, the businesses were run in an old traditional manner. After some times the new changed occurs in technology which totally changed the way of doing business in a professional and ethical manner.
New technological advancements create so many opportunities for an investor or a businessman, now you can modify and convert your small idea into a Large business. You just changed your existing business model into IBM Innovated Business Model.
In this blog, you can see many successful case studies of well-known business
Case Study 01: Apple
The well known and most expensive mobile manufacturing company does not produce any mobile on their own.
- Did you know that the batteries of the iPhone are produced and build by the Samsung company in South Korea?
- iPhone display is produced by the Japanese company.
- The flash memory of the Apple iPhone is built by the Japanese and South Korean company.
You are thinking that why the Apple company is a successful company in the word? Because they focused on and use the Asset Light Model, they outsource their parts to other well-known companies. The production needs a lot of capital, human capital, so they save their production cost by using an outsourcing strategy. The focused on innovation and create their competitive advantage and become successful in the whole world.
Case Study 02: WhatsApp
Did you know that WhatsApp is a world’s largest messaging service provider which is based on the internet, that allows users to send text messages and voice messages, make voice and video calls, and share images, documents, user locations, and other media?
Brian Acton and Jan Koum went to Facebook to get a job but they rejected. After this failure, they create the Whatsapp messenger which converts into the largest messaging network in the world. Then facebook inspired by the WhatsApp and mark Zuckerberg buy it in 19$ billion in 2014.
Case Study 03: Facebook
Did you know that Facebook does not have any content of their own, despite that Facebook is rise as a biggest and successful social media content management system? In the beginning, Facebook is not created as Facebook.
It was a weak and failed website named “Hot and Not” created during their college days which results in a failure. But they convert their failure into an opportunity and they stand back with a new innovation which called Facebook. They adopt new business technology and understand the audience’s behaviour and become successful.
Case Study 04: Uber
Uber offering services that include peer-to-peer ridesharing, ride service hailing, food delivery (Uber Eats), and a micro-mobility system with electric bikes and scooters. Uber does not have a single taxi of their own but rises as the largest transportation service provider in the world.
They connect the owner of the taxies and cars and travellers with their software or app and provide them with a hassle-free and comfortable rides to their customers. Through this platform, millions of jobs are created all over the world. Uber is leading internationally by 50,000 drivers which are increasing per month.
Case Study 05: Alibaba
Alibaba is a well known and successful network of seller and buyers, and they also don’t have a single inventory of their own. When it comes to buying on Alibaba, it is perfectly possible to do so safely and securely. To expand their business they also create their own payment system now they don’t need to do contract with any third party.
They adopt new technological advancements and providing services by using artificial intelligence. They do not use any human labour in their warehouses, they get their work by use of robots because they want to make an error-free business.