As the Chairman of the New Economics Committee in HKiNEDA, Dr. Lawrence Wong wrote a ‘ViewPoint’ article on the April issue of Capital Magazine.
New Business Model in the Era of Big Data
Nowadays, new economic enterprises have dominated the world’s highest market value. Leveraging disruptive technology to create new business models and formulate corporate strategies, they accurately understand and meet customer needs, and thus create customised products and services, winning the hearts of customers.
New economic enterprises has already disrupt the market order. The universal of the Internet helps eliminate the intermediate steps, allowing enterprises to quickly subvert and occupy the market.
The article introduce several new business models on the basis of disruptive technology:
• Sharing Economy
• Fragmentated Market
• Results Economy
• Platform Strategy