Mixin Classes in Odoo 17 How to Extend Models Using Mixin Classes
Case Study : priceline.com
1. Priceline.com
NAME YOUR OWN PRICE
“ NO ONE DEAL
LIKE WE DO”
APSM10 Assignment 02
Dated: 20-04-2017
Presented by:
Deepa Shukla
Sanjay Gurtu
APSM10 Assignment 02
Dated: 20-04-2017
Presented by:
Deepa Shukla
Sanjay Gurtu
7. Business Models Based on the Value Chain in the Market PlaceBusiness Models Based on the Value Chain in the Market Place
Raw
material
producer
Manufacturer
Distributor
Retailer
Consumer
Examples:
• B2B: Vericalnet.com
• B2C: Amazon.com
• C2B: Priceline.com
• C2C: eBay.com
C2B
B2C
B2C C2CIntermediaries
Service Providers:
• Logistics
• Financial
8. BackgroundBackground
8
2. Case Study: Priceline.com
Operational by
“Jay Walker” Losses
Early Stage not Profitable
1998 - 2000
•1999: lost over $1 billion
•2001: pared losses to $15
million
After 11 Sep 2001 attack
•2002: lost $23 million
9. BackgroundBackground
9
2. Case Study: Priceline.com (Expansion Phase)
“Priceline Webhouse Club
(WHC)”
Beginning of 2000
- Unable to deal with
major Brands
- Incovenient to pick up
Factors
Proprietary Service
“Name Your Own Price ®
”
Extend Model
- Groceries
- Gasoline
- Used Goods
10. BackgroundBackground
10
2. Case Study: Priceline.com (Reorganization Phase)
Pioneer in -
“Demand
Collection
System”
“Richard Braddock”
New Chairman 2003 – 2004 Extension
** First Annual Profit **
$10.4 million Net Income
12. 12
3. Priceline : C2B Business Model
Core Components of Priceline.com
VValue Propositionalue Proposition
RRevenue Modelevenue Model
MMarketarket OOpportunitiespportunities
SStrategiestrategies
BBrandrand BBuildinguilding
13. Components of Business ModelComponents of Business Model 13
Supplier’s Side
•Anonymous through selling
process- Brand Shield
•Integrity of its price- Price
Shield.
•Incremental Sales
1) Value Proposition
Consumer Side
•Anonymous through
buying process – Identity
Shield
•Name your own price-
choice
•Multi-Budgetary options
•Structured Conditions
14. Components of Business ModelComponents of Business Model 14
Transaction Fee
Booking & Handling Fee
Adaptive Marketing Program
- Adaptive Promotion
- Adaptive Cross Selling
Sales
Gain between
the offer price and
the vendor price
2) Revenue Model
“In an age of disruptive start-
ups and diminishing competitive
barriers, it’s more important
than ever before to understand
your customers and to act on
that insight faster than the
competition. As Adaptive
Marketing illustrates, rapidly
applying even just a single
source of real-time data can
lead to happier customers and
better ROI.”
15. Components of Business ModelComponents of Business Model
15
Marketspace
Travel Service Industry
started from domestic (U.S.)
1978–2007 => $253.29 billion
Realistic Market
Consumer side:
Budget Concern
Vendor side:
Excessed Demand Product
Rapid Aging
3) Market Opportunity
16. International Expansion
Components of Business ModelComponents of Business Model
16
New Trading Model
“Name Your Own Price®
”
Brand Ambassador
“William Shatner”
Published Price Model
“No One Deals Like We Do®
”
4)
strategies
17. BackgroundBackground
17
4. Changes & their Effects in Ecosystem
Power
Role
•Changes : Consumerdemands Supply
•Effects: IncrementalSales of Suppliers
•Changes: Priceline has
power of rejection
•Effects: Both Buyers &
Suppliers are hidden.
Priceline Ecosystem
Different Entities
•Changes: Relations are
anonymous to one another
•Effects: Optimum E-
Commerce Model
18. Question 3Question 3
18
Customer EffectsCustomer Effects
Positive Effects
Increase Customer
Easy/Direct to Target
Negative Effects
Price War
Value vs. Volume
Entrepreneur EffectsEntrepreneur Effects
Positive Effects
Matching Demand
• Price/Budget
Cost Savings
Almost Perfect Information
Negative Effects
Limitation
• Acceptable Prices
• Comparable Prices
19. 19
Weakness
1. First Mover Advantage2. Budget Price3. Large Range of Services4. Quick response
1.Less popular outside US and
Europe
2. Tickets are non-refundable
5. Sustainability of Business Model Analysis through SWOT
Strengths
20. 20
Challenges
1. Work-Life Balance2. Family mindedsociety
3. Budget travelers4. Internet TravelTrend
1. Direct Competitors
2. Info War
3. Brand Loyalty
4. Terrorism
5. Sustainability of Business Model Analysis through SWOT
Opportunities
21. Question 2Question 2
21
Success Factors
Success Factors
Focus on Core Business
Travel Reservations
Financial Controls
Extent Inter-Market
Pricing Strategy
Discount fee
Flexible Services
Specific Information
Group Services
Technology Channel
I-Phone
Uncertainty
2 Sides Effects
Direct & Indirect
Competitors
Price War
Inflexible Services
Digital/Internet
Effect
Brand Image
Risk Factors
Risk Factors
The services of intermediaries reduce the number of contacts, or exchanges, between producers and buyers, thereby increasing efficiency; especially across longer distances. These intermediaries however ‘lengthen’ the supply chain.
• Netflix uses viewing data to assess what directors, actors, and programs its subscribers like, and then commissions new programs like House of Cards to add new subscribers.
• Travel service company Orbitz identifies a user’s smartphone operating system to adapt hotel recommendations in real-time. Orbitz knows from its historical data that Apple users tend to spend $20-$30 more than Android users on hotel room bookings. (See video links below)
Johnston said: “In an age of disruptive start-ups and diminishing competitive barriers, it’s more important than ever before to understand your customers and to act on that insight faster than the competition. As Adaptive Marketing illustrates, rapidly applying even just a single source of real-time data can lead to happier customers and better ROI.”