If Digg had completed a competitive analysis grid shortly
If Digg had completed a competitive analysis grid shortly before it relaunched in 2010, what factors would you have place on the vertical axis of the grid and what companies would you have compared Digg against? To what degree do you think Digg would have favorably compared to its competitors?Step-By-Step Solution
3.Answer: This is a good question for an individual or class assignment. Factors that may have gone on the vertical axis of the competitive analysis grid include: site design, site functionality, user benefits, stickiness, viral effect, percent uptime, and strength of brand. If Digg had compared itself against sites such as Facebook and Twitter, it would hot have compared favorably.
What is a standard business model and what is a disruptive business model?
Step-By-Step Solution
4-4.Answer: Standard business models depict existing plans or recipes firms can use to determine how they will create, deliver, and capture value for their stakeholders. Disruptive business models, which are rare, are models that do not fit the profile of a standard business model, and are impactful enough that they disrupt or change the way business in conducted in an industry or an important niche within an industry.
Answer: Students will vary in terms of their answers to this question. Most students will point to the mistakes that Digg made and suggest that had they avoided the mistakes and spent more time listening to their users, they would have significantly increased their chances of success.
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