Discuss the below:
Q1. What role should external factors of demand play in successful business models? NOTE: First, fully define the role and then analyze or discuss.
Q2. What is "Business Model Design and Innovation"? Provide examples and discussion for each factor listed. This must be at least 3 paragraphs.
Q3. What are the challenges to "Business Model Design and Innovation"? This must be at least 3 paragraphs.
Textbook:
Osterwalder, A., & Pigneur, Y. (2010). Business model generation. Hoboken, NJ: John Wiley & Sons. ISBN: 9780470876411.
Rothaermel, F. T. (2017). Strategic management concepts (Custom 3rd ed.) New York, NY: McGraw-Hill. ISBN: 1259912779