The requirements to become a driver are straightforward: a clean criminal record, a newish car and a mobile phone.
And it’s likely to be an outsider, a start-up or an organisation from a different industry that’s not constrained by current industry logic and thinking, that disrupts you.
But let’s take a step back and look at what exactly a business model is.
You’ll be surprised that there is actually no universal definition of a business model. Gallen University in Switzerland, a business model (see figure 1) provides answers to the following four questions.
Most of them met someone on Tinder within one hour, as opposed to two or more days on the other websites.
In other words, Tinder’s ability to deliver on the core user objective, a date, was literally ten times faster than other dating sites.