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Article
Reinventing your business model
7
Management
Professional
09/05/2013

Additional Management Flashcards

 


 

Cards

Term
Customer value proposition (CVP); Profit formula; Key resources; Key processes
Definition
elements of the business model
Term
price x volume
Definition
revenue model
Term
direct costs, indirect costs, economies of scale. Will be predominantly driven by the cost of the key resources required by the business model
Definition
cost structure
Term
given the expected volume and cost structure, the contribution needed for each transaction to achieve desired profits
Definition
margin model
Term
how fast we need to turn over inventory, fixed assets, and other assets -- how well we need to utilize resources to support our expected volume and achieve our anticipated profits
Definition
resource velocity
Term
What to do FIRST
Definition
get the right people on the bus!
Term
What to do SECOND
Definition
Where is the bus going?
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