Better classification of the kinds of business model
Understanding what kinds of genres are involved in the playing field into which you are interested is always important when you want to see things into it with the right cognitive lenses and come up with better ideas. Genres are like categories we use our classification skills to distinguish them. Artificial Intelligence with its several algorithms of classification can help us with this task. if we take the example of the playing field of business modeling, here is how Pr. Clayton Christensen classifies the different genres of business models
Solution shops: Diagnose & solve problems
Consulting and law firms, advertising agencies, R&D organizations, diagnostic activities in hospitals and physicians, practices, special needs education
Value chains: change inputs into higher value outputs
automobiles, computer manufacturing, retailing, medical procedures after definitive diagnosis, textbook business: much of classroom instruction
User networks: Link people so they can help each other
Mutual insurance companies: banks, telecommunications ..
This could be the best classification of the kinds of business models, you could learn more about each of them and their specificities. This classification helped me know exactly what genre of business models I am interested in and what helps me stay focused on this genre of business model.
For example, the business model ideas that are described in this article titled the business of technology and gaming are User networks business models. This kind of business models is the ones that crowd our digitized world and the most successful startups implemented such kind of user networks business models. Behind Medium is this kind of Business model because Medium helps readers and writers connect.
