What are key elements of Honey Care’s business model?
The key elements of Honey Care’s business model are as follows:
- The primary objective of the company is to improve the livelihood of farmers by working with them.
- The company has targeted a wide spread diversified segment of customers.
- The head-quarter of the company is responsible for building hives, marketing and distribution of the products.
- The company has a launch team which provides the details about the potential new markets to the management.
- The farmer database and community relation ships are maintained by the cluster supervisors, as well as, they are also responsible for managing commercial honey volumes and manage the maximum honey production.
- The management of the company believes in providing high quality products at low prices.
• What are sources of competitive advantage? How do they link together?
Following are the sources which has enabled the company to gain competitive advantage over others.
- The company focuses on making effective partnerships with leading companies which provides a huge exposure to the company towards expansion of its operation.
- The workforce of the company is highly skilled and experienced which enhances the overall efficiency in the operations of the company and therefore it also enables the company to enhance its overall competitiveness.
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