Facebook vs. You Tube

Take a stab at one or two of these questions:

What does the future hold for these two giants? Predict and speculate.

Should they shift or expand their business model(s) and/or focus?

Which would you invest in if you had the resources?

What are the risks of depending on an advertising for your source of revenue?

Announcements:

1. Quiz is moved to Thursday

2. When you post a comment I have to publish it, so your comment might not be published immediately. It is not a bug, just moderating your comments.

Business Concept vs. Business Model

As we discussed in class a business concept simply describes the business, brand or product. Most business concepts include some of the following information: markets served, competitive advantages and/or unique features. For example, PayPal's is an online business that allows secure payments and money transfers to be made through the Internet. Click on the image on the left to learn more about new concept cell phones!


Next we are on to a pretty important topic--business models. Specifically we will focus on digital commerce and/or web-based business models. My favorite Internet Encyclopedia says, "In the most basic sense, a business model is the method of doing business by which a company can sustain itself -- that is, generate revenue. The business model spells-out how a company makes money by specifying where it is positioned in the value chain." Read more...

I'm sure you'll agree that revenue and sustainability are as important as anything, so I found some great resources for you. Please refer to Week 2 readings and videos, they are all excellent and to the point. Before I go, tell me this...

What is YouTube's business model?

What is Facebook's business model?