Rick Patterson
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Multi-Sided Platform - Pattern - Question

Started this discussion. Last reply by Rick Patterson Jun 6, 2011. 3 Replies

The multi-sided BM pattern would seem to apply to the vast majority of business models?  I want to understand the nuances better. The examples in the book are good....but for example, how would a…Continue

BMG example - iTunes - why is "Switching Costs" in Customer Relationship?

Started this discussion. Last reply by Rick Patterson May 17, 2011. 6 Replies

On page 46 of Business Model Generation, it shows the iPod/iTunes BM.  I am trying to understand how "switching costs" is a Customer Relationship issue - how that is how a firm relates to its…Continue

Tags: iTunes

Question on the Five Patterns

Started this discussion. Last reply by Holly R Braswell Feb 1, 2016. 12 Replies

What business model pattern would a company like Zara - a vertically integrated clothing firm that controls retail, design, manufacturing, logistics, etc. of all their clothing - fall into?  Their…Continue

Tags: Zara

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Holly R Braswell replied to Rick Patterson's discussion Question on the Five Patterns
"Business model innovation is the new strategic imperative—by now, this is becoming more generally acknowledged. But companies routinely fail at self-reinvention because they are so busy pedaling the bicycle of their current business models…"
Feb 1, 2016
Rick replied to Rick Patterson's discussion Question on the Five Patterns
"Also I `m interested how they make the delivery of products for international markets or maybe they just have their own factories which produce the clothes for their local Zara markets?  factories"
Dec 18, 2015
Rick liked Rick Patterson's discussion Question on the Five Patterns
Dec 18, 2015
Chinarut liked Rick Patterson's discussion BMG example - iTunes - why is "Switching Costs" in Customer Relationship?
Sep 16, 2015
Chinarut liked Rick Patterson's discussion BMG example - iTunes - why is "Switching Costs" in Customer Relationship?
Sep 16, 2015
jakir hossain replied to Rick Patterson's discussion Question on the Five Patterns
"I are not aware of specifically. A right business type have always contained right business method to perform well in the businesses. This is innovative intellect thinking and Quick decision making will leads to serve better already in the market. A…"
Jan 14, 2015
peterscot replied to Rick Patterson's discussion Question on the Five Patterns
"This is innovative mind thinking and Quick decision making  will also leads to serve better in the market. A right business model have always contained right business approach to perform well in the businesses."
Aug 11, 2014
Karl Burrow liked Rick Patterson's discussion Question on the Five Patterns
Aug 5, 2014
marco colombo replied to Rick Patterson's discussion Question on the Five Patterns
"I think you have hit the mark. congratulations"
Aug 4, 2014
Rick Patterson replied to Rick Patterson's discussion Multi-Sided Platform - Pattern - Question
"Thanks Alex and Erwin What I gather is the key to a Multi-sided  platform is that the platform receives revenues from both sides, not just one side.  And, one side may need to be subsidized (Xbox, PS3).   A grocery store receives it…"
Jun 6, 2011
Erwin Fielt replied to Rick Patterson's discussion Multi-Sided Platform - Pattern - Question
"Some retailers have both business models (buy/sell and multi-sided); some of the producers manage the shelf space in the retail outlets. This was more often the case in the past, it seems to be disappearing in groceries (what  remember form my…"
Jun 4, 2011
Alex Osterwalder replied to Rick Patterson's discussion Multi-Sided Platform - Pattern - Question
"Rick, a grocery store is not a multi-sided platform. The store needs to buy the supplies, which it then resells. The supplier rarely pays the grocer to be stocked in the shelves. It's the other way around the grocery store pays its suppliers.…"
Jun 3, 2011
Rick Patterson posted a discussion

Multi-Sided Platform - Pattern - Question

The multi-sided BM pattern would seem to apply to the vast majority of business models?  I want to understand the nuances better. The examples in the book are good....but for example, how would a grocery store be classified?  Pretty traditional...but it attempts to bring consumers together with food producers in a market.  Right?  More I thought of this, the more I thought you could apply this pattern to almost any BM? Netflix, would seem to be a traditional "Long Tail" model, which makes…See More
Jun 3, 2011
Rick Patterson replied to Rick Patterson's discussion BMG example - iTunes - why is "Switching Costs" in Customer Relationship?
"Once again, thanks for the replies.  Really helps bouncing these ideas around.   I like the "easy in, impossible out" concept.  That, I must say, does sounds like jail :).   Perhaps the CR on "impossible"…"
May 17, 2011
Mike Lachapelle replied to Rick Patterson's discussion BMG example - iTunes - why is "Switching Costs" in Customer Relationship?
"Much as Stephen stated in his response, I probably wouldn't go so far as using concepts like "coercion" or "jail", though I won't deny there may be some who do. I like the concept expressed by @thegrowthguy in his tweet…"
May 17, 2011
Stephen Nason replied to Rick Patterson's discussion BMG example - iTunes - why is "Switching Costs" in Customer Relationship?
"i am not so sure I would go as strongly as a "jail". There is definitely an advantage to considering switching costs as a strategy to make your business model effective. A few years ago we came up with this "brilliant" idea to…"
May 17, 2011

Profile Information

Why are you passionate about business models and business model innovation?
Work in Strategic Finance, and the future possibly will be decided more by business models than by technoglogy, and we all need to understand them much better
How would you best describe your level of expertise when it comes to business models?
knowledgeable
Who do you work for? What do you do?
Intel Corporation. Work in Corp Strategic Finance, and on the side, teach strategic thinking to Intel Finance.
What industry do you mainly work in (e.g. financial services, telco, utilities, public sector, academia, pharma...)?
semiconductor
What is the size of the organization you work for?
10'000+

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