ZRH Corporation Business Model Study

With the advancement of economic globalization and informationization,intensification of competition between industries,and increasingly diversified customer demands,competition between enterprises and enterprises is no longer a product,capital,and technology competition,and has become a business model.A good business model can bring more lasting profitability and greater competition to enterprises.Business model transformation and innovation have become the problems that any company must face.With the rapid development of modern information technologies such as Internet,the Internet of Things,cloud computing,artificial intelligence,and big data,human society,production,and life have undergone revolutionary changes.China has proposed two development strategies: “Internet Plus” and “Made in China2025” at the national level.At the same time,it has also vigorously promoted the reform of the power system,the “Internet+” smart grid,the “Internet+” smart energy,and the upgrade of energy conservation and emission reductions.Innovation and other policies.The implementation of these strategies and policies not only brings development opportunities to China's power equipment manufacturing companies,but also brings new challenges to these companies,making the market environment facing them more complicated.In the face of such a market environment and development form,how electric power equipment manufacturing companies use the Internet and other information technologies to innovate business models,enhance their overall competitiveness,and take the lead in gaining market opportunities has become an urgent problem that needs to be solved,and therefore for power equipment.It is of great significance to study the innovative business model of manufacturing companies.ZRH Corporation is a manufacturing enterprise integrating R&D,production and sales,which is mainly composed of power supply equipment.This article takes its business model as the research object,and studies and analyzes the current status and problems of ZRH company to illustrate its innovative business model.Feasibility,importance,and necessity,and based on this,put forward the services of equipment manufacturers based on internet,big data,cloud computing and other technologies,sales of equipment products,integrated solution services,comprehensive productionmaintenance,and other value-added services.In this regard,it has built a new business model for it,and explained the implementation of its new business model and the necessary safeguards for business model implementation in organizations,personnel,technology,funding,systems,and culture.