Business Model (Mo) of the DaWoGoMo Transformation

A business model is the organizing logic that specifies how an organization interacts and manages its activities to provide value to different stakeholders. Examples of business model transformations: Offline Tuition Centres to Learning App, Traditional taxis to ride-sharing services, offline kirana stores to hyperlocal quick commerce deliveries etc. Stakeholder equilibrium refers to the state of balance and alignment among the interests and value assessments of different stakeholders within a business ecosystem.

There are two criteria for Business Model Transformation:

1) Valence: the value and demand for a particular business model. (For e.g. e learning of BYJUs). Digital technologies have accelerated Business Model transformations. Different stakeholders may value a business model differently, with factors such as cost, quality, and convenience influencing their preferences.

2) Feasibility: whether a business model is practical and achievable. (For e.g. Digital Streaming by Netflix). In the past, there were many constraints on communication and collaboration, but digital technologies have made many things that were previously constrained now feasible. Personalized Music, Marketplaces, shared economy are few examples.