After car sales, real estate sales are the best example of a business model that should have been changed by the Internet and hasn't. Houses for sale need to reach a wide audience and sales should be easy to complete. Obviously the agents don't ewant to lose their commissions and fears of the legal complexities cause most people not to try the process themselves. When a critical mass is achieved (perhaps standardized forms and processes), I predict there will be a rapid migration to internet based sales.
That is an example of a new business model emerging from a new technology. It did not really replace anything that existed before. It did impact the way in whhich advertising dollars were spent, and so I guess you may be right, bbut there was no specialization phase there, it replaced the way something had been done in the past.
For much of its early life, Google had no business model to speak of. Google was once a maddeningly unprofitable company, fumbling left and right for a stable revenue source. After making marginally profitable forays into selling search appliances to businesses and its own search technology to other search engines, Google radically changed course.
the company launched its AdWords program which allowed businesses to advertise to people searching for things on Google.com. Almost overnight, Google took the leap from popular search tool to advertising juggernaut
We repair/replace Industrial and Military electronic systems. So, we come across a mixture of standards with flavors of customization. So, we have to be able to adapt and possibly apply current standards to old obsolete systems. Which can make us take place of the role of an OEM.
hello from DFW. As to the question, the course has been a good high-level framing of concepts and issues. Now I'd like to get more in depth in the material. Good job in a tough format - I used to do this and your 30 min time allocation makes it very difficult.
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