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Senior Planet’s Business Strategy Case Study

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Senior Planet’s Company Overview


SeniorPlanet.org celebrates aging by sharing information and resources that support aging with attitude, and helps people who were born long before the digital revolution to stay engaged and active by bringing a digital-technology focus to a range of topics – among them news, health, sex and dating, art and design, senior style, travel and entertainment.

https://seniorplanet.org/

Country: New York

Foundations date: 2006

Type: Nonprofit

Sector: Information & Media

Categories: Education


Senior Planet’s Customer Needs


Social impact:

Life changing: motivation, affiliation/belonging

Emotional: provides access, rewards me

Functional: integrates, organizes, reduces effort, avoids hassles, informs, saves time


Senior Planet’s Related Competitors


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Senior Planet’s Business Operations


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.

Donation-based:

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.

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.

Nonprofit organization:

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.

Technology trends:

New technologies that are now being created or produced in the next five to ten years will significantly change the economic and social landscape. These include but are not limited to information technology, wireless data transmission, human-machine connection, on-demand printing, biotechnology, and sophisticated robotics.

Why Senior Planet’s Business Model is so successful?

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