In spite of many changes in the world of business, a well-crafted business plan is a vital tool for entrepreneurs and established businesses alike. It serves as a roadmap, guiding your business towards success. Here’s why business plans still matter: Secure Funding: Whether you’re seeking loans, venture capital, or angel investors, a solid business plan is crucial. It…
Tag: business model
Remember Those Small Book Stores that Were Popular in Malls for Decades? Look Who is Bringing them Back
FROM THE PRICE OF BUSINESS SHOW, HOSTED BY TTUSA EDITOR AT LARGE, KEVIN PRICE. Remember those retail chains that created small bookstores that were popular for decades? B. Dalton Bookstores, Waldenbooks, Crown Bookstores, and others? These were particularly popular in malls and shopping centers. Remember how they vanished overnight thanks to the rise of the…
The Business Model of Today’s Universities is Proving to be Unsustainable
A new report from Kaufman Hall shows a striking 66 percent of higher education finance professionals today say their current business models are not sustainable for the next five to 10 years. Yet two-thirds are very or somewhat confident their organizations can adapt to the new realities, according to 2019 CFO Outlook: Performance Management Trends…
Group Seeks to Radically Change the Business Model of the Pharmaceutical Industry
Achieving the full societal benefits of curing chronic or life-threatening diseases will remain an elusive goal unless the pharmaceutical industry changes its economic model, according to new report by Boston Consulting Group (BCG). The report, titled Aligning Economic Incentives to Eradicate Diseases, was recently released. The study recommends that the industry replace its current economic…