GROUP - 1

1. How does the community-driven business model work?

Answer: Community driven business model includes virtual group and manages
strengthening of clients and customers. The premise of this model is 'Client
association'. Clients are utilized as assets, co-inventors, wellsprings of business
sector data. New Product Development happens with low interest in opposite with
different plans of action. Skill based preparing; the group advocates
determinations of a zone of core interest .Action examine; the item is
characterized, planned and a group finding is directed. Analysis; the
consequence of the conclusion is surveyed and results are readied. Policy
improvement; the promoters select, arrangement and executes a natural change
activity and instructive exercises expected to bolster it. Implementation; the
promoter tries to guarantee that the strategy result is upheld and kept.
2. What are the barriers to entry for this kind of business?
Answer: Entry Barriers:
Technological Infrastructure Need greater technological infrastructure
Limited product options - Difficult & expensive for manufacturing side
High speculation costs ,Time to set up the start-up , Substantial experience
required ,Lack of suppliers and merchants ,Market Saturation , Restrictive
regulation, Customer Resistance ,
Existing licenses and trademarks
3. In what other areas might this model work? How might you leverage or
exploit this model for innovation and product development in your
business?
Answer: Food-Processing Firm, Training Sector, Social innovation
The model could be used for advancement and product improvement from
numerous points of view:
Assorted group might likewise have information, abilities, and prior arrangements
regarding conveying and catching quality in plan of action advancement.
Early client engagement through challenges in design stage
Requesting client inputs and desires in client advancement stage
Client contribution through incentive based new thought era
4. What should be Threadless's response to the offer from large retailer?

Answer: Threadless ought not acknowledge an offer to stock items in across the
nation retail stores. Since,
- By extending to offer their items broadly it would be to a great degree hard to
keep up this.
- Venturing into significant retailers not just risks the organization's capacity to
monetarily and logistically bolster the extension yet is a move that will don't
include the group and in this way doubtlessly would not be upheld by the group.