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A glimpse into the models of entrepreneurship

Category : Business | Sub Category : | Posted on: 2019-11-14 15:13:50


A glimpse into the models of entrepreneurship

Customer immersion is the most popular model.  This model of free enterprise majorly involves customer- dealer interaction. The dealer of the organization is able to establish the tastes and preferences of the customer. This enables the organization have a chance of firsthand information concerning the customers feedback.

Plat forming of the product model – Manufacture and exposure of a partially manufactured product is done through product plat forming. The purpose is to allow customers have a preview of the product before it hits the market. Software and application programs are perfect stereotypes of product plat forming. Product plat forming customer review enables the business make changes to suit the customer demands. 

Competing ideas model– This model motivates contributors to produce quality products. Best innovations are rewarded.  Contributors are highly motivated to design new products based on well researched innovative ways.

Collaborative product design – The organization involves contributors in the development of the product. The organization tends to work closely with innovators to produce a brand that is well suited to meet the demands of the organization.

Innovative networks – The organization gathers a network of developers. Network innovators are rewarded in terms of incentives. Through communication and collaborative skills, innovators share ideas that results to better brands hitting the market.


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