Subject category:
Entrepreneurship
Published by:
Hult Publishing
Length: 9 pages
Data source: Generalised experience
Abstract
Designing a business model for a wearable, internet-connected computer requires an understanding of the market, technology, customers, and competitors. This case describes the circumstances around a start-up in Silicon Valley making products for the Internet of Things, starting with a smartwatch. Yet the company’s initial business model was not gaining traction. What new business models should it consider? How should it select among these options?
About
Abstract
Designing a business model for a wearable, internet-connected computer requires an understanding of the market, technology, customers, and competitors. This case describes the circumstances around a start-up in Silicon Valley making products for the Internet of Things, starting with a smartwatch. Yet the company’s initial business model was not gaining traction. What new business models should it consider? How should it select among these options?