The Lazada Business Model – How Does Lazada Work & Make Money?

Southeast Asia’s online economy hit $100 billion for the first time this year according to Google and Temasek. By 2025, it is projected to triple that. One of its major players is Singapore based Lazada. This article will cover how the company operates, its founding history and the various ways it makes money. How Lazada … Read more

The SoundCloud Business Model – How Does SoundCloud Work & Make Money?

Executive Summary: SoundCloud is an online music platform that allows anyone to listen to music from (mostly) independent artists. SoundCloud makes money from advertising, premium subscription services (namely Go, Go+, and Unlimited), audio mastering services, and ticket sales from events. The company operates on a freemium model, meaning its core product is free to use, … Read more

The Klarna Business Model – How Does Klarna Work & Make Money?

Executive Summary: Klarna is a financial platform that facilitates payments on behalf of other companies. It partners up with other businesses (mostly in the e-commerce space) to offer their customers the option to pay products after receiving them (via invoices). Klarna makes money via merchant fees, late payment fees, interest on consumer loans, interchange fees, … Read more

The Headspace Business Model – How Does Headspace Work & Make Money?

Executive Summary: Headspace is a mobile application that provides meditative and mindfulness lessons to consumers around the world. The Headspace app is available both on iOS and Android devices respectively. The business model of Headspace is based on three income pillars. A subscription fee that consumers pay to unlock the meditation content, B2B programs to … Read more

The Bumble Business Model – How Does Bumble Work & Make Money?

Online dating has become an integral part of our lives. According to a 2017 study conducted by Stanford University, 39% of heterosexual and 65% of same-sex couples met each other online. While most of us definitely heard about and may even know someone who met on Tinder, other dating apps are creeping up and challenging … Read more

The Peloton Business Model – How Does Peloton Work & Make Money?

Executive Summary: Peloton is a hardware technology company that manufactures and distributes fitness devices, namely its Peloton Bike and Tread. Its devices are connected to the internet and thus allow users to have virtual group workout sessions. The business model of Peloton is based on selling its hardware products. Furthermore, the company makes money by … Read more

Definition and Examples of a Market Oriented Mission Statement

Have you ever wondered why a certain company exists? Sure, making its shareholders a tiny bit richer and employees earn a monthly income is a big portion of that. But that is not the whole story. Legendary business professor Peter Drucker stated that a mission statement answers the questions of                 “What is our business?” … Read more

The Five Adopter Categories – Definition and Examples

Back in 2007, masses of people camped in front of the Apple Store to get their hands at what would become the first version of the iPhone. These people must absolutely have the latest peace of tech and would go the literal extra mile. They are the ones blogging about and reviewing your product, essentially … Read more

Four Tips For Better Remote Product Management

Although more and more companies become comfortable with employing remote workers, folks in product management still seem to resent the idea of working with location-independent teams. The overarching conclusion is that product managers cannot influence their team members if separated by distance. So the question becomes: can a field focused on collaboration, such as product … Read more

What Is The Role Of Management In Scrum?

As advocated by the Scrum Guide, the role of management is to “support the Product Owner with insights and information into high value product and system capabilities. Support the Scrum Master to cause organizational change that fosters empiricism, self­organization, bottom­up intelligence, and intelligent release of software.” When organizations make the switch from traditional development methods … Read more