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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 5 DB The Tailored Business Model

Unit 5 DB The Tailored Business Model

Q This week we look at tailoring business models to existing conditions and different industry environments. But I thought that in starting a business, or in fact growing a business, you need to “stand out” from the crowd. You need to distinguish yourself and your business. So just how important then, in your opinion, is tailoring the business models? Select a business that that either already exists, or you would love to start, and support your thoughts. Show us why it is, or is not important to tailor the models.

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I would love to start the business of recycling and selling recycled products to customers so that green marketing and green packaging and be promoted by me. I would want to enter into the retail industry for distributing my recycled products to the retail brands functioning in supermarkets, shopping malls, etc. Therefore, it would be important for my business to be based on some business model. Otherwise, I could end up being in debt or bankrupt eventually having to shut down my business because of consistent losses or high costs. There has to be a systematic way to developing a proper infrastructure by me to make my business become known by the public initially.