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Business models innovation based on crowds: a comparative study Cover

Business models innovation based on crowds: a comparative study

Open Access
|Jun 2019

Figures & Tables

Table 1

Threadless Business Model Canvas, left side

KPKAVP
– Retailers (Bed Bath and Beyond, Gap)– Logistics and order fulfillment– For designers: “show your designs to an exciting community who will rate it, with a chance of producing it on a garment.”
– Design partners (Absolut, Thermos, Dell)– Community catering – For buyers:“get clothes that are particularly strong on the artistic side and that you helped create.”
KR
– Community
– Brand community
– Platform
CS
Low cost model
Table 2

Threadless Business Model Canvas, right side

CR
– Community-driven (fun, exciting, and transparent)CS
– Designers
C– Community buyers
– Online (Threadless.com newsletter)– Plain buyers (5% of total buyers)
– Offline (own store and headquarters, partner stores)
RS
Product sales
Table 3

iStockphoto Business Model Canvas, right side

VPCRCS
– Photographers: “allowing flexibility in terms of photo subject, work place, and time– Transparent– Photographers
while providing access to a vast client database.”– Supporting– Organizations
– Organizations: “provide royalty-free, inexpensive but good quality and legal
photographs, in a quick sale.”C
Forum
iStockalypses
RS Photo sales (60%–80% photo price)
Table 4

iStockPhoto Business Model Canvas, left side

KPKA
– Related to photography– Community nurturing
– Getty– Quality control
– Platform
KR
– Community
– Platform
– Brand
CS
Platform-related
Table 5

Quirky Business Model Canvas, right side

VPCRCS
– For the innovators: “offer those who have a consumer product idea theFun, personal and partner-like– Inventors
opportunity to bring it to market.”community– Influencers
– For the influencers: “get your expertise and ideas turned into money and respect.”C– Buyers
– For the buyers: “receive untypical solutions to everyday problems.”Deep and extensive interaction
RS
Product sales
Table 6

Quirky Business Model Canvas, left side

KPKA
Online and traditional retailers (Bed Bath & Beyond, Radio Shack, Amazon, Auchan)– Product prototyping
– Ideas evaluation
– Industrial design
– Community-related
KR
– Community
– Employees
– Corporate culture
CS: high cost Manufacturing, prototyping, engineering
Figure 1

Threadless key building blocks

Figure 2

Threadless network effect mechanism

Figure 3

iStockphoto key building blocks

Figure 4

Quirky business model’s key building blocks

Table 7

Commonalities between business models

Shared key building blocksNot shared key building blocks
BrandPartnersCorporate cultureChannels
ThreadlessCustomer relationship (CR)x
iStockphotoCommunity (KR)Xxx
QuirkyCommunity nurturing (KA)x
DOI: https://doi.org/10.2478/ijme-2019-0010 | Journal eISSN: 2543-5361 (formerly 2299-9701) | Journal ISSN: 2299-9701
Language: English
Page range: 127 - 147
Submitted on: Oct 22, 2018
Accepted on: Mar 21, 2019
Published on: Jun 30, 2019
Published by: SGH Warsaw School of Economics
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year
JEL:

© 2019 Katarzyna Kubiak, Anna Wziątek-Kubiak, published by SGH Warsaw School of Economics
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.