Question

Netflix turned movie rental into a subscription business; eBay earns revenues from the users of its online marketplace; Google thrives on advertising revenues driven by ever-expanding Web technologies. These are all examples of __________ innovations.

Answer 1

Answer:

Business model innovation

Explanation:

Business model innovation is not about the innovation of new technologies but it is about existing technologies where existing products made and the existing market will be there where the product launched.

It is very simple and based on existed technologies. The changes are invisible to the world and the changes bring innovative changes that others could not copy it.  

A framework about the product will help the manager in establishing a reliable and innovative discipline. There should be an innovative idea that can change the perspective of the business model and where can a manager take the decision in favor of innovative business development.