Why Oscan's Business Model is so successful?
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Oscan’s Company Overview
The OScan team at Stanford University has developed an affordable screening tool that brings standardized, multi-modal imaging of the oral cavity into the hands of rural health workers around the world, allowing individuals to conduct screenings for oral lesions. This inexpensive device mounts on a conventional camera phone and allows for data to be instantly transmitted to dentists and oral surgeons. OScan aims to empower minimally-skilled health workers to connect early stage patients to health care providers and teach communities about the importance of oral hygiene.http://web.stanford.edu/~manup/Oscan/
Oscan’s Customer Needs
Social impact: Self-transcendence
Life changing: self-actualization, provides hope, motivation
Emotional: provides access, reduces anxiety, wellness, therapeutic value, rewards me
Functional: saves time, simplifies, reduces risk, informs
Oscan’s Related Competitors
Oscan’s Business Operations
Blended value is a relatively new conceptual framework in which non-profit organizations, companies, and investments are assessed on their capacity to create a combination of financial, social, and environmental value. Businesses that use mixed value business models actively enhance their social impact while maintaining economic efficiency. A fair-trade coffee cooperative, for example, generates social value via guaranteed minimum prices given to coffee growers and direct investments in community development.
Crowdfunding for charity purposes is a collaborative effort by people to aid charitable projects. Civic crowdfunding is a kind of charity crowdfunding in which money is collected to improve public life and space.
The prevention, treatment, and management of disease and maintaining mental and physical well-being via the medical and allied health professionals' services. It includes diagnostic, preventative, remedial, and therapeutic service providers such as physicians, nurses, hospitals, and other private, public, and volunteer organizations. Additionally, it comprises producers of medical equipment and pharmaceuticals, as well as health insurance companies.
Fast-moving consumer goods businesses produce co-created items with early adopters through sample testing based on user observation and involvement. As a result, fast-moving consumer goods businesses may obtain a greater new product success rate while incurring fewer development expenses via a low-budget innovation business strategy. That is referred to as low-budget innovation.
Mobile first behavior:
It is intended to mean that as a company thinks about its website or its other digital means of communications, it should be thinking critically about the mobile experience and how customers and employees will interact with it from their many devices. The term is “mobile first,” and it is intended to mean that as a company thinks about its website or its other digital means of communications, it should be thinking critically about the mobile experience and how customers and employees will interact with it from their many devices.
The nonprofit world rarely engages in equally clear and succinct conversations about an organization’s long-term funding strategy. It works on funds and provides services to the user free of cost. That is because the different types of funding that fuel nonprofits have never been clearly defined. A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view. In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or equivalents) as profit or dividends.
Social responsibility will only be accurate if many managers embrace moral leadership rather than immoral leadership, organizational management, and business ethics that engage morals and values in corporate governance. In a nutshell, it addresses the concept of who or what really matters.
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