3 Dimensional Business - Explained
What is the 3-Dimensional Model for defining a business?
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What is the 3 Dimensional Business Model?
The Three Dimensional Business framework, proposed by Professor Derek F. Abell, is used to define the business of a company.
How is the 3 Dimension Business Framework Used?
The model defines a business along 3 axes:
- Served Customer Groups. Categories of customers. (WHO)
- Served Customer Functions. Customer needs. (WHAT)
- Technologies Utilized. The way that the needs are being satisfied. (HOW)
The scope of the company is defined by:
Providing ___________ to/for ___________, using ___________.
What is the 3 Dimension Business Framework Important?
The model expands upon the traditional approach to defining a business based upon the business’s resource capabilities, products sold, and/or the markets in which they sell.
- 3 Dimensional Business Model
- What is Strategy?
- What is Business Strategy?
- What is Management Strategy (Strategic Management)?
- Types of Business Strategy?
- Competitive Advantage
- First Mover Advantage Definition
- Organizational Dynamics
- Synergy - Definition
- Business Model Overview
- Business Model Canvas - Explained
- Razor Blade Business Model
- Click and Mortar Model
- Transformative Business Model
- How Management Develops a Strategic Plan
- Mintzberg's 5 Ps of Strategy