case study on gengo business model
TRANSCRIPT
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Internet Based Business Case Study: Gengo Company
By:Heng Sothav, Sovanna Suos, Nivatana phea, Keok Sovannarong
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1. Introduction to Gengo : About, History & Background
2. Business Model: Value Preposition, How it work, Target Customer & Revenue Stream
3. Competitors4. Strength & Weakness Analysis
Content:
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Introduction
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•Gengo is a Japanese word and translated as “ language” • Founded in 2008 by Matthew Romaine and Robert
Laing•Originally known as myGengo before they re-branded
in 2012
History:
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• The company's initial $750,000 seed investment round concluded in September 2010 by Automico, Intel capital, Iris Capital, NTT Docomo, Inforcomm, 500 startups, Point 9 capital, and Kapor Capital.
History (cont.):
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•Offices in Tokyo along with San Mateo, California •Work in 36 different languages•Charge: $0.60/word•Content to be translated via their website or API
Background:
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• Target four specific markets namely, enterprise, ecommerce, travel and everyone•Company's translation methods: one part technology
and one part human work
Background (cont.):
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Management:
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Business Model
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“Gengo provides fast, affordable and quality translations by native speakers located worldwide”
Value Preposition:
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4 Markets:
1. Enterprise2. Ecommerce3. Travel • Travel Listing • User Reviews • Location Guides
4. Everyone
Target Customers
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4 markets: • Enterprise • Ecommerce• Travel• Travel Listing, User reviews, Location guides
• Everyone.
Target Customers:
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• target four specific markets namely, enterprise, Ecommerce, travel and everyone• company's translation methods: one part technology
and one part human work
Revenue Stream (cont.):
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Revenue Stream (cont.):
Customer Purchase Price
Translator Rate Cost
Standard $0.06/word $0.03/wordPro $0.12/word $0.08/word
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Competitors
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Two types of competitors:• Free online translation• Online translation (fee charged)
• Free online translation:• Limited words (most of free online translation)• Limited languages• Not accurate
• Online translation with fee• Available in several languages• More accurate
Competitors:
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Free Online Translation1. Google Translate- Available in 103 languages2. Dictionary.com- 300 words limited & Available in 42
Languages3. Worldlingo- 500 words limited & Available in 15
languages
Competitors (cont.):
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Paid Online Translation1. Translation Cloud (US)• Document, Mobile App, Manual, Certified• 20,000 professional translators
2. Text Master• Translation over 40 languages• Services: Translation, Copywriting, Proofreading
3. OneHour Translation• Classic Translation (Over 3000 Language pairs)• Exclusive Translation
Competitors (cont.):
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Local Competitors (Cambodia)1. Pyramid: Translating, Interpreting & Transcription…2. Bridge International Translation: Document
translation, Interpreting & Proofreading…3. TS Translation Services: Translating, Interpreting &
Subtitling…
Competitors (cont.):
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Strength & weakness Analysis
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•Custom Online Tool for translator• Fast Service • Trusted by many international Enterprise • Translator must pass a strict two-phase testing
process to provide quality assurance
Strengths:
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•Gengo custom translator online tool which also connect translator and customers
Strengths (cont.):
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• Trusted by many international Enterprise
Background (cont.):
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•Many Customers do not have access to online payment• Expansion of languages •No Khmer language
Challenges:
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Thank You