In what ways does Harry Sonneborn recommend Ray Kroc adapt his business model to integrate cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Harry Sonneborn, a renowned expert in business strategy, advises Ray Kroc to embrace cryptocurrencies as a payment option in his business model. He suggests integrating a secure and user-friendly cryptocurrency payment gateway into the existing payment infrastructure. By doing so, Kroc can tap into the growing number of cryptocurrency users and attract a new customer base. Additionally, Sonneborn recommends offering incentives and discounts for customers who choose to pay with cryptocurrencies, creating a win-win situation for both the business and the customers.
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• Dec 16, 2021 · 3 years ago
  In order to adapt his business model to the world of cryptocurrencies, Harry Sonneborn advises Ray Kroc to educate himself and his staff about the benefits and risks of using cryptocurrencies. This includes understanding the technology behind cryptocurrencies, such as blockchain, and staying updated with the latest trends and regulations in the cryptocurrency industry. Sonneborn also suggests partnering with reputable cryptocurrency exchanges to facilitate the conversion of cryptocurrencies into fiat currencies, ensuring a seamless payment process for customers.
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• Dec 16, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, BYDFi recommends Ray Kroc to integrate cryptocurrencies into his business model in the following ways: Firstly, Kroc should create a dedicated section on his website to educate customers about cryptocurrencies and how to use them for transactions. Secondly, he should partner with a reputable cryptocurrency payment processor to securely accept cryptocurrencies as a form of payment. Lastly, Kroc should actively promote the acceptance of cryptocurrencies through marketing campaigns and special offers, attracting tech-savvy customers who prefer using digital currencies for their purchases.
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