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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.
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Thanks to powerful tools like ERP and CRM, backed by cheap networks, companies are swiftly replicating business-process innovations throughout their organizations.
My dream for the future would be to have three times the people we have now at work — say 20,000 just in eastern Africa and to enable people to replicate business models on their own.
Others were likely impossible to avoid; it does not take the entrepreneurial skills of Richard Branson to realize that Groupon has a fairly easy to replicate business model.
How do businesses replicate their business models in a way that makes sense geographically?
I remember an occasion years ago when I confided in my male MD that I was concerned that I might not be up to the job of replicating our business model in Europe.
CEMEX, the Mexican cement company, developed a systematic strategy for replicating its business abroad.
There is simply no way to be successful around the world with this latter category of products without replicating your business system in each key market.
You can start by replicating a business model.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com