Which of the segments do you think you can complete immediately?
Out of the nine segments, I believe there is a total of four of them that I
will be able to complete immediately. When starting a business model
it's important that you have an idea of who would be the ideal customer
so having the customer segment can be determined early when
planning what your business model is. With that, I believe the channel
segments and customer values will have to be determined as well. these
three segments will allow the business to determine who they want to
target, what they want to give them, and how they want to do it. When
these three areas are figured out a business can start rolling the ball.
Which segments do you think might need more work?
I would say for my idea, I would need to work more on the key
partnerships because I would need to partner with other industries to
get the part and features that will be needed unless I decided to do it all
internally. I would then have to work on the costing structure to be able
to determine how much it will cost to create the product. This area
alone will be a lot to break down because I will have to find the right
people to make the product and the cost of machinery.
Are there any factors or segments you had not considered so far?
Which ones? Explain.
An area that hasn't been considered so far will be the revenue stream
factor. I have the idea of looking at the company's current revenue
stream to determine the revenue stream that will come from my
product but I haven't fully thought it out just yet. I also know that being
a part of a huge company like Apple INC that there is a huge possibility
that the revenue will follow because of the company's reputation.
