Describe and analyze the strategy and process for developing successful business models. After carefully reading and understanding these chapters, answer these research questions:
Q1: What role shouldexternal factors of demand play in successful business models? NOTE: first fully define the role and then analyze or discuss. At least 4 paragraphs.
Q2: What is "Business Model Design and Innovation"? Please provide examples and discussion for each factor listed). At least 3 paragraphs.
Q3: What are the challengesto "Business Model Design and Innovation? At least 3 paragraphs.