Question

In: Economics

Draw and explain the Business Model canvas from the Zoom Application

Draw and explain the Business Model canvas from the
Zoom Application

Solutions

Expert Solution

Zoom is a US based video communication and video conferencing platform. this silicon valley based company appeared on three companies appears to on three companies in China through which at least 700 employees were paid to develop zoom software. This arrangement is apparently an effort at labour arbitrage in which June can avoid playing us wedges while sailing to us customers thus increasing their profit margin. Zoom is a cloud-based SAAS applicationthat allow private individual as well as business to virtually interact with each other. Communication can occur via chats, audio, video or combination of the three.The worldwide adoption of zoom is powered by its two core products that is zoom meeting and chat as well as zoom rooms and workspaces.

Zoom rooms and workspace allows business to utilise hardware such as a computer tablet camera microphone and more to hold virtual meetings. The product is especially aimed at large scale organisations, which need to hold meetings across different it offices. Zoom video webinar conferencing tool that allow businesses to to easily conduct large online event with audio video and screen sharing. Zoom applications and hardware products are available across the globe. The company counts worldwide businesses as customers including the likes Uber, rakuten, transferwise and many more.

zoom meeting and chats is the company's flagship product allowing people to jump on a video call or chat over the application.customers can access the application through multiple sources including zooms desktop or mobile apps. Zoom rooms are conference rooms systems that allow organisation to run video meeting. Customers can utilise their existing hardware providers such as polycom and Cisco urd purchase from zoom certified hardware providers.


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