There are four levels in the hierarchical business model. At the very top level of the hierarchical model, organization has a board of directors followed by the CEO, and under the CEO, organizations have other influential executives such as chief information officer, chief financial officer, chief operating officer and so on. This is the top level of management where all the important members of organization situated. Depending on the size of traditional firms, those department head usually follow the upper management and the other categories of executives followed by the top level management. As per the model, it could be seen that there are four decision-making platforms which are the EIS, DSS, MIS and TPS. All these sectors have their individual activities (Kotler and Keller, 2016). As per the EIS, the top-level management has decided what to do within the organization because they have all the power to make necessary decisions. After the EIS, the senior managers are responsible for conducting the decisions for the betterment of organizational strategies. As per the MIS, the middle managers are responsible for following the decisions, which have been taken by the senior managers. At the end of the business model, the workers or employees have followed the TPS system, and they are very much responsible for conducting the day-to-day movements within the organization. The main concept of the traditional business model is the flow of decisions that are carried out by the top level management to the low-level management. The decision is conducted in the downward direction.
As per the mission, vision, objectives and goals, the strategy would be the SWOT analysis to conduct. All the factors could be realized which are mentioned in this portray. Not only the SWOT analysis, the PESTLE, as well as the 7-S-Model is come under the traditional model strategy to know the external, internal analysis, strengths, weakness, opportunities, threats, critical success factors, core competencies and so on (Kotler et al., 2015).
As per the sharing economy business model, the platform business model has been used on this occasion which is based on product marketplace (physical product), service marketplace (service related) and the payment platform (B2C, P2P). It is based on the investment platform, social networks, communication platform (direct social communication platform), development platforms (open-source, free software, closed development platform, controlled development platform) and content platforms (social platform and media platform).
The strategy of the sharing economy business model is very clear to understand as per the commoditized and non-commoditized products and services that determine the quality for consumers to provide. After all, the sharing economy business model is about the marketplaces and develops core value by assisting exchanges between two or more interdependent groups’ producers and consumers (LaPlaca, 2007). The ultimate strategy of the sharing economy firms is to develop a fine platform markets and communities with efficient networks to allow the users to interact and transact.
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