JACQUES LVSIF PROJECT BUSINESS MODEL ATTEMPT

Offer- more knowledge about the opinions of college from college-aged people

Customer segments- supply(students 17-25) buyers(university faculty)

Distribution- the internet via social media

Revenue streams- N/A

Customer relationships- friendly/professional

Key resources- social media, the internet, me

Cost structure – N/A

Partner network- Lehigh each interviewee

Key activities- maintaining data organized, writing the paper with deep analysis, managing network of interviewees with updates.

Lessons learned:

The Aravind Eye Hospital is a technological venture rooted in helping people without sight.

This aligns with the same lessons learned from the art of the start.

To keep exploitation ad negative externalities to a minimum the viewpoint of Dr.V and his company is that they are helping the community, therefore, helping themselves.

The efficiency of the company had inspiration from McDonald’s.  Instead of using the model of efficiency to create profit, he is using it to try to solve the one problem of blindness.

The success of the company attributed to the clear thinking of what the problems/challenges they were facing to address the problem.   For the Aravind Eye Hospital, it had a large population, low capital, and logistics issues.

Each step in the process of solving the blindness problem wither with glasses or surgery has one strategy to make it most efficient.  This allows the company as a whole to become much more efficient.

Even though they were serving a population that couldn’t pay.  When they did charge they charged fair prices and capitalized on market inefficiencies.  This allowed them to continue to make a profit.

To keep their business sustainable they enabled their competition (other hospitals) to raise their production via consultations.  This allows more people to be treated helping the community by solving blindness.

By comparing the Aravind Eye Hospital to the NHS the cost is much lower but the other statists are much closer in numbers.  Even though there are differences between the UK and India this data shows that western countries can improve aspects of their system.

How the project started as a post-retirement project it shows that even if there is a large financial barrier there are ways to overcome it.

The business model as a whole of the Aravind Eye Hospital shows that with a good business model you must focus on some things while sacrificing others.  In this example, they sacrificed the lots of money usually made in the healthcare industry for efficient/high-quality care for people who usually cannot afford it.