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Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Understanding your business model involves figuring out how to create value, deliver it, and harness it effectively, which is crucial for both profit and sustainability.

Video

Harvard i-lab | Startup Secrets: Business Model

@ Harvard Innovation Labs

Harvard i-lab | Startup Secrets: Business Model

02/02/14

Related Takeaways

Michael Skok

03/25/23

@ Harvard Innovation Labs

The essence of a successful business model is understanding how to create and deliver value sustainably, and if you don't understand your customer's needs, your business can face significant challenges and even risk failure.

Michael Skok

03/25/23

@ Harvard Innovation Labs

A business model is how you create, deliver, and capture value sustainably.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Analyzing the business model is essential for understanding how to achieve profitability and sustainability in a startup.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Before taking your product to market, consider how you will create and deliver value to ensure your business is sustainable.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

The real cost of building a company lies in reaching customers, which is why understanding and optimizing the business model is crucial.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

A disruptive business model is as powerful as a disruptive product or technology, and it's essential to understand how to create value and deliver it sustainably.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

Getting your business model right can significantly increase your company's valuation, potentially leading to 5 to 10 times higher valuations compared to those with ineffective models.

Michael Skok

03/25/23

@ Harvard Innovation Labs

To design a successful business model, you must ensure that your product delivers immediate value to users.

Harvard Innovation Labs Cast

02/02/14

@ Harvard Innovation Labs

The business model is a critical component of your startup's success, and it should be considered alongside product innovation and market strategy.