This web app uses cookies to compile statistic information of our users visits. By continuing to browse the site you are agreeing to our use of cookies. If you wish you may change your preference or read about cookies

close

Why Degreed's Business Model is so successful?

Get all the answers


Degreed’s Company Overview


Degreed is a pioneering education tech company that is revolutionizing the way individuals and organizations approach lifelong learning. Founded in 2012 and headquartered in San Francisco, Degreed offers an innovative learning platform that engages employees and promotes skill development by aggregating all the resources available online. This includes courses, videos, articles, and even subject matter experts within the organization. Degreed's platform is designed to track, measure, and certify all the learning individuals do throughout their lives. The company's mission is to "jailbreak the degree" and provide a new model of recognizing and rewarding people for their lifelong learning journeys. Degreed's business model is based on providing its learning experience platform to businesses and individuals. For businesses, Degreed offers a subscription-based model where companies pay an annual fee per user. This platform helps businesses identify the skills their employees have, the skills they need, and the best resources to learn those skills. For individuals, Degreed provides a free version of the platform, encouraging lifelong learning and skill development. Degreed's revenue model is primarily driven by its B2B subscriptions. The company charges organizations a yearly subscription fee for each employee using the platform. The pricing varies depending on the organization's size and the business's specific needs. In addition to the subscription revenue, Degreed also generates revenue through partnerships with content providers. These partners pay a fee to have their educational content featured on the Degreed platform, providing them with exposure to a large and engaged audience of learners.

https://degreed.com/

Degreed’s Customer Needs


Social impact:

Life changing: self-actualization, motivation, affiliation/belonging

Emotional: provides access, badge value, design/aesthetics

Functional: simplifies, integrates, connects, informs


Degreed’s Related Competitors



Degreed’s Business Operations


Certification and endorsement:

Certification is a term that refers to the verification of an object's, person's, or organization's unique qualities. Usually, although not always, this validation comes in the form of an external review, education, evaluation, or audit. Accreditation is the procedure through which a particular organization is certified. The majority of contemporary software vendors provide certification to standardize and resell their goods and services.

Digital transformation:

Digitalization is the systematic and accelerated transformation of company operations, processes, skills, and models to fully exploit the changes and possibilities brought about by digital technology and its effect on society. Digital transformation is a journey with many interconnected intermediate objectives, with the ultimate aim of continuous enhancement of processes, divisions, and the business ecosystem in a hyperconnected age. Therefore, establishing the appropriate bridges for the trip is critical to success.

Corporate innovation:

Innovation is the outcome of collaborative creativity in turning an idea into a feasible concept, accompanied by a collaborative effort to bring that concept to life as a product, service, or process improvement. The digital era has created an environment conducive to business model innovation since technology has transformed how businesses operate and provide services to consumers.

Experience selling:

An experience in the sales model describes how a typical user perceives or comprehends a system's operation. A product or service's value is enhanced when an extra customer experience is included. Visual representations of experience models are abstract diagrams or metaphors derived from recognizable objects, actions, or systems. User interfaces use a range of experience models to help users rapidly comprehend what is occurring in the design, where they are, and what they may do next. For example, a software experience model may depict the connection between two applications and the relationship between an application and different navigation methods and other system or software components.

Ecosystem:

A business ecosystem is a collection of related entities ? suppliers, distributors, customers, rivals, and government agencies ? collaborating and providing a particular product or service. The concept is that each entity in the ecosystem influences and is impacted by the others, resulting in an ever-changing connection. Therefore, each entity must be adaptive and flexible to live, much like a biological ecosystem. These connections are often backed by a shared technical platform and are based on the flow of information, resources, and artifacts in the software ecosystem.

Software as a Service (SaaS):

Software as a Service (SaaS) is a paradigm for licensing and delivering subscription-based and centrally hosted software. Occasionally, the term on-demand software is used. SaaS is usually accessible through a web browser via a thin client. SaaS has established itself as the de facto delivery mechanism for a large number of commercial apps. SaaS has been integrated into virtually every major enterprise Software company's strategy.

User design:

A client is both the manufacturer and the consumer in user manufacturing. For instance, an online platform could offer the client the tools required to create and market the product, such as product design software, manufacturing services, or an online store to sell the goods. In addition, numerous software solutions enable users to create and customize their products to respond to changing consumer requirements seamlessly.

Massive Open Online Course (MOOC):

A massive open online course (MOOC) is a kind of online course that allows for limitless participation and accessibility through the web. Early MOOCs often emphasized open-access characteristics, such as open licensing of material, structure, and learning objectives, in order to encourage resource reuse and remixing. However, subscription-based or pay-as-you-go MOOCs may utilize closed licenses for their course content.

Subscription:

Subscription business models are built on the concept of providing a product or service in exchange for recurring subscription income on a monthly or annual basis. As a result, they place a higher premium on client retention than on customer acquisition. Subscription business models, in essence, concentrate on revenue generation in such a manner that a single client makes repeated payments for extended access to a product or service. Cable television, internet providers, software suppliers, websites (e.g., blogs), business solutions providers, and financial services companies utilize this approach, as do conventional newspapers, periodicals, and academic publications.

Embed code:

x
Copy the code below and embed it in yours to show this business model canvas in your website.