Accordingly, we added a class about the opportunity of replicating business models to seize this information arbitrage.
Many German start-ups have become known for successfully replicating business models developed elsewhere, chiefly in the U.S., rather than coming up with their own ideas.
As many companies have learned the hard way, merely replicating business practices and models from one part of the world to another can oftentimes be a prescription for disaster.
How do businesses replicate their business models in a way that makes sense geographically?
Thanks to powerful tools like ERP and CRM, backed by cheap networks, companies are swiftly replicating business-process innovations throughout their organizations.
The first are self-employed types who run small businesses that replicate other businesses (eg, nail salons, dry cleaners, etc).
Multinational companies, often headquartered in the west, cannot simply expect to replicate traditional business models in developing countries.
But he wants to replicate the business model of cable television, where networks like Lifetime get paid a fee for each subscription by cable systems that carry it.
"About once a week I get a call from an entrepreneur trying to replicate our business," said Ari Straus, the president of the Monticello Motor Club, a private club 90 miles north of Manhattan that has 4.1 miles of racetrack.
