A Quote by Angela Ahrendts

If you aren't building a social enterprise, I don't know what your business model will be in 5 years — © Angela Ahrendts
If you aren't building a social enterprise, I don't know what your business model will be in 5 years
Unless you have tested the assumptions in your business model first, outside the building, your business plan is just creative writing.
To fix the business, to bring it back to health, you must assimilate enough of the disruptive innovation to modernize the operating model without jettisoning your business model. This typically requires new leaders and definitely requires new (if temporary) rules. The CEO is the only person who can dictate the correct terms in a timely manner and maintain the enterprise's commitment to those terms for the duration of the rehabilitation effort.
Social media allows you to network, collaborate, and share your work with others. Building a solid network via social is the most valuable thing you can do for your business or personal brand.
Few relationships are as critical to the business enterprise as the relationship to the government. Managers have responsibility for this relationship as part of their responsibility to the enterprise itself. It is an area of social impact of the business. To a large extent the relationship to government results from what businesses do or fail to do.
Social embedded business processes that solve concrete needs are key to enterprise social collaboration.
There's this notion out there - and it's a categorically false notion - that the only business model in the service industry is the minimum-wage business model. I say phooey to that. You go to a Costco store, and you see people there who've been working there for years and years. They're making $15, $20 an hour, plus health benefits.
The ROI of social media is that your business will still exist in 5 years.
To me, the print business model is so simple, where readers pay a dollar for all the content within, and that supports the enterprise. The web model is just so much more complicated, and involves this third party of advertisers, and all these other sources of revenue that are sort of provisional, but haven't been proven yet.
If you have a business model that relies on customers being misinformed, you better start working on changing your business model.
If you ask me, 'So what is your business model?' Our business model's always about shifting to higher value opportunities.
To me, the print business model is so simple, where readers pay a dollar for all the content within, and that supports the enterprise.
While creating a social brand is a necessary endeavor, building a social business is an investment...
The enterprise can fulfill its human and social functions only if it prospers as a business.
In the coming years, if not sooner, social media will become a powerful tool that consumers will aggressively use to influence business attitudes and force companies into greater social responsibility - and, I suggest, move us towards a more sustainable practice of capitalism.
Yes, the disruption of the Internet can be blamed for the destruction of the business model that once made journalism a thriving, well-paying enterprise, but it has also created an array of new tools for reporting. Somebody will eventually figure out how to make online newspapers profitable - I hope.
What I tell founders is not to sweat the business model too much at first. The most important task at first is to build something people want. If you don't do that, it won't matter how clever your business model is.
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