Google | Business Model Canvas

The main advantages of the Business Model Canvas include the possibility of:

1. Summarize complex business models on a single page, improving understanding.

2. Encourage communication and collaboration within the company, allowing everyone to understand the strategy.

3. Clearly identify opportunities for innovation and improvement in business processes.

4. Quickly test different business hypotheses without tying up significant resources.

5. Adapt your business model more efficiently to changing market conditions.

In summary, the Business Model Canvas is an essential tool for developing, communicating and adapting a company’s business model effectively and efficiently.

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Here you will find Google’s business model canvas:

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Google BMC

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PGF7T token, Ethereum blockchain | Web3

pgf500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the pgf500 SaaS platform.

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Decentralized Web3 technologies could improve coordination around tackling climate change because they use local knowledge and actors to guide policies and put funding where it’s needed.

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Climate change is a global coordination problem.

The system has failed to coordinate effective policies and capital investment into the commitments necessary to address the most pressing threat to humanity.

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Race To Zero is a global campaign to rally leadership and support from businesses, cities, regions, investors for a healthy, resilient, zero carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth.

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You will need to have Metamask to pay with PGF7T token.

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We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.

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We believe in Web3 and in the strength of communities.

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The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,

and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code

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QuickSwap smart contract:

0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2

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🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.

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PGF7T token will be listed on other Exchanges soon.

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Price:  PGF7T

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Enjoy the Journey 🚀

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pgf500 Team

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Business models | Value Proposition

In the Business Model Canvas the Value Proposition block is of fundamental importance: the value proposition is what brings your company together with the right customer segments.

This is the image that marries supply and demand.

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Circle: i.e. the block dedicated to customer segments. By analyzing activities, difficulties, advantages/desires you will be able to create a realistic customer profile and create a truly interesting value proposition for him.

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Square: that is, the block dedicated to the products and services you want to offer. Here you will have to create a list of products/services that you intend to offer, focusing on how they could solve the customer’s difficulties and generate benefits for him.

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Sustainable Business Model Canvas | Video Tutorial

Sustainable Business Model Canvas

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Download the Tutorial

 

Sustainable business models:

1. Definition of sustainability: Sustainability refers to the ability of an organization to operate in a way that minimizes its negative impact on the environment, while also meeting the needs of the present and future generations.

2. Business case for sustainability: There is a growing business case for sustainability, as consumers and investors increasingly demand environmentally and socially responsible products and services.

3. Triple bottom line: The triple bottom line is a framework that considers the social, environmental, and financial impacts of an organization’s activities. A sustainable business model should strive to create value across all three dimensions.

4. Sustainable business models: Sustainable business models are designed to create long-term value for all stakeholders, including shareholders, employees, customers, and the environment. Examples of sustainable business models include circular economy models, green supply chain models, and socially responsible investing models.

5. Sustainable product design: Sustainable product design involves considering the environmental impact of a product throughout its entire life cycle, from raw material extraction to disposal. This can involve using sustainable materials, designing products for recyclability, and reducing packaging waste.

6. Sustainable supply chains: A sustainable supply chain involves ensuring that all suppliers and partners in the supply chain operate in a socially and environmentally responsible manner. This can involve implementing sustainable sourcing policies, reducing waste and emissions in transportation and logistics, and ensuring fair labor practices.

7. Reporting and transparency: Sustainable businesses should be transparent about their sustainability practices and report on their environmental and social impacts. This can involve publishing sustainability reports, participating in sustainability certifications and standards, and engaging with stakeholders to gather feedback.

8. Sustainable finance: Sustainable finance involves integrating environmental, social, and governance (ESG) factors into investment decisions. Sustainable finance can be used to drive positive environmental and social outcomes, while also generating financial returns.

9. Collaborative action: Addressing sustainability challenges requires collaboration across different stakeholders, including governments, businesses, civil society organizations, and consumers. Sustainable businesses should seek to engage with these stakeholders and collaborate on sustainability initiatives.

10. Continuous improvement: Sustainable business models should be designed for continuous improvement, with a focus on reducing environmental impact, improving social outcomes, and creating value for all stakeholders over the long term.

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pgf500 Team

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Web3 | PGF7T token, Ethereum blockchain

pgf500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the pgf500 SaaS platform.

.

.

.

Decentralized Web3 technologies could improve coordination around tackling climate change because they use local knowledge and actors to guide policies and put funding where it’s needed.

.

Climate change is a global coordination problem.

The system has failed to coordinate effective policies and capital investment into the commitments necessary to address the most pressing threat to humanity.

.

Race To Zero is a global campaign to rally leadership and support from businesses, cities, regions, investors for a healthy, resilient, zero carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth.

.

.

.

.

You will need to have Metamask to pay with PGF7T token.

.

We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.

.

We believe in Web3 and in the strength of communities.

.

.

 

.

The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,

and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code

.

QuickSwap smart contract:

0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2

.

.

🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.

.

PGF7T token will be listed on other Exchanges soon.

.

Price:  PGF7T

.

Enjoy the Journey 🚀

.

pgf500 Team

.

~~~

Business models | Value Proposition

In the Business Model Canvas the Value Proposition block is of fundamental importance: the value proposition is what brings your company together with the right customer segments.

This is the image that marries supply and demand.

.

.

Circle: i.e. the block dedicated to customer segments. By analyzing activities, difficulties, advantages/desires you will be able to create a realistic customer profile and create a truly interesting value proposition for him.

.

Square: that is, the block dedicated to the products and services you want to offer. Here you will have to create a list of products/services that you intend to offer, focusing on how they could solve the customer’s difficulties and generate benefits for him.

.

—-

Sustainable Business Model Canvas | Video Tutorial

Sustainable Business Model Canvas

.

.

Download the Tutorial

 

Sustainable business models:

1. Definition of sustainability: Sustainability refers to the ability of an organization to operate in a way that minimizes its negative impact on the environment, while also meeting the needs of the present and future generations.

2. Business case for sustainability: There is a growing business case for sustainability, as consumers and investors increasingly demand environmentally and socially responsible products and services.

3. Triple bottom line: The triple bottom line is a framework that considers the social, environmental, and financial impacts of an organization’s activities. A sustainable business model should strive to create value across all three dimensions.

4. Sustainable business models: Sustainable business models are designed to create long-term value for all stakeholders, including shareholders, employees, customers, and the environment. Examples of sustainable business models include circular economy models, green supply chain models, and socially responsible investing models.

5. Sustainable product design: Sustainable product design involves considering the environmental impact of a product throughout its entire life cycle, from raw material extraction to disposal. This can involve using sustainable materials, designing products for recyclability, and reducing packaging waste.

6. Sustainable supply chains: A sustainable supply chain involves ensuring that all suppliers and partners in the supply chain operate in a socially and environmentally responsible manner. This can involve implementing sustainable sourcing policies, reducing waste and emissions in transportation and logistics, and ensuring fair labor practices.

7. Reporting and transparency: Sustainable businesses should be transparent about their sustainability practices and report on their environmental and social impacts. This can involve publishing sustainability reports, participating in sustainability certifications and standards, and engaging with stakeholders to gather feedback.

8. Sustainable finance: Sustainable finance involves integrating environmental, social, and governance (ESG) factors into investment decisions. Sustainable finance can be used to drive positive environmental and social outcomes, while also generating financial returns.

9. Collaborative action: Addressing sustainability challenges requires collaboration across different stakeholders, including governments, businesses, civil society organizations, and consumers. Sustainable businesses should seek to engage with these stakeholders and collaborate on sustainability initiatives.

10. Continuous improvement: Sustainable business models should be designed for continuous improvement, with a focus on reducing environmental impact, improving social outcomes, and creating value for all stakeholders over the long term.

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pgf500 Team

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Booking.com | Business Model Canvas

Booking.com is the largest Online Travel business as well as the largest travel business by market cap. They create value by helping users on their selection and booking process of hotels (and other accommodations) and monetising on commissions (between 15-25%) of the booking value. They are a gigantic demand aggregator that is present on all digital channels through which travellers look for accommodations.

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Travel is a $1.3 trillion industry. This is gigantic. And the biggest player by market capitalisation in this huge pond is the Booking.com’s parent, the Priceline Group.  Priceline owns a number of brands that are all running a platform business model (the most promising business model right now).

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Booking.com and Expedia are the biggest Online Travel Agencies (OTAs). We have compared their business models here. But this space is becoming more interesting by the day with an increasing amount of players moving into this space, including TripAdvisor and Google.

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What makes Booking.com so successful despite the enormous competition by similar and other business models and a strong pushback by the major hotel chains? That is what we will be looking at today.

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Online travel, dining, events & attractions are demand-aggregating channels to help on the customer decision making journey. Approaches include booking apps, planning apps, price comparisons, deals, specialisation on selected geographies, activities / hobbies / events, car rental, user-generated review platforms and more.

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Value Proposition

Value proposition to travellers

  1. Cheap(est) prices: Booking.com has contracts in place with the hotels that it lists. One of the clauses, called rate parity, is that the hotels can’t offer the same (type of) room at a cheaper rate on the hotel’s web pages. And if they do so they have to match it on Booking.com. Without such a rule, users could choose a hotel on Booking.com but then complete the booking on the hotel’s pages. Despite some changes in this space, Booking.com is still able to offer the cheapest prices on those hotels it most prominently features.

  2. Amount of choice: Booking.com has now over 1 million places to stay in their database and a large amount of filtering options that make it easier for the user to find what they are after. Moreover, Booking.com helps consumers to make value choices.

  3. Reduction of risk: the star rating and reviews generated (over 100m reviews to date) by other users reduce the risk of being disappointed. Booking.com features reviews only from those who have booked through them. This system effectively prevents manipulation, a problem well known on many other platforms.

  4. Call centres: Many people still want to talk to a human prior committing to a considerable amount of money. Two-Thirds of Booking.com’s employees are in the customer service areas for this reason.

  5. Useful app: the traveller’s journey does not end with the booking. Booking.com’s app has useful content prior to the booking but increasingly also travel guide functionality in their app. Also, bookings through apps have multiplied from 2015 onward and are expected to stay in the double-digit growth space.

Value proposition to hotels

Hotels have a love-hate relationship with the OTAs. While a majority of their bookings come through other channels, OTAs remain crucial to get as close to being fully booked as possible*.

  1. Incremental revenue: the key value proposition is that Booking.com helps to fill otherwise empty-staying rooms. Hotel rooms are like perishable goods. If they are not booked on a night the revenue for that room that night is irrecoverably gone. With hotels being high fixed cost assets, this loses the room’s contribution to the high fixed cost base.

  2. Ability to react: Booking.com allows hotels to implement their revenue management strategy by providing the ability to flexibly decide/change which rooms they offer through Booking.com on which nights and its rates. This allows hotels to drive additional business on a short fuse, to put up special promotions, and dynamically adjust commission for soft periods to rank higher.

  3. Global reach: Booking.com helps hotels to reach global markets and potential customers that by themselves they would not reach. Achieving global reach in a meaningful way (i.e. high conversion rates) requires investments that may be underestimated. Booking.com have localised content, payment options, apps, etc. They also translate the hotel content into the local language (~40 languages done by a localisation team) and are present on the relevant advertising channels. The Priceline Group have acquired local online travel agencies who have captured a meaningful local market share and built a recognised brand. They have offices in many countries, an online presence in over 220 countries, feed their mobile apps and keep all the content consistent.

  4. Risk reduction: Fees are structured in a way that there is no upfront payment and no payment whatsoever unless there is a booking. Unlike in online marketing, there is no risk of paying money for advertising for no return. Cost-per-click models that I have described previously come with the risk of no or low returns.

  5. Drive additional traffic to the hotel’s website (“billboard effect”): One prominent study came to the conclusion that there are is a considerable amount of travellers who research on the OTAs, like Booking.com, but then book on the respective hotel’s website. Thus, the OTA pays for the customer acquisition cost (CAC) but generates no revenue for themselves. This effect is called “billboard effect.” More recently, other studies have questioned that this effect (still) exists. It is ultimately hard to measure due to the hundreds of micro moments over which the customer journey unfolds. But there are two things I am very certain of:

    1. Being present on an OTA with good ratings will have positive effects.

    2. Bookings will take place where the customer gets additional benefits (loyalty benefits, perks, freebies) – at the same price, be it on the hotel page or on the OTA pages.

  6. Market intelligence: Booking.com shares market intelligence, booking forecasts for given locations as well as how the hotel is performing on the Booking.com platform in relation to competition.

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*  Some of the most important KPIs in the hotel industry are Average Daily Rates (ADR) and Revenue Per Available Room (RevPAR). For the purposes of this article, note that “fully booked” means maximising these KPIs.

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Biz Model Canvas Booking.com

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