"A business model describes how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts."
How companies make money and generate revenue.
Value Proposition: The value proposition is the unique benefit that a product or service provides to its customers. It encompasses a combination of quality, price, product features, and customer experience that distinguishes the product/service from competitors.
Customer Segment: A customer segment is a group of individuals with similar needs, preferences, and behavior patterns. Identifying and targeting specific customer segments allows businesses to better tailor their offerings and marketing strategies.
Revenue Streams: Revenue streams are the various channels through which a business generates income. This can include sales of goods or services, subscription fees, advertising revenue, and licensing sales.
Cost Structure: The cost structure refers to the expenses incurred by a business in producing and delivering its products or services. This includes things like labor costs, raw materials, and overhead expenses such as rent and utilities.
Channels: Channels are the various ways that a business communicates with its customers and delivers its products or services. This can include physical stores, online marketplaces, email marketing, and social media.
Key Partners: Key partners are the businesses or organizations that a company relies on to operate, such as suppliers, distributors, and other strategic alliances.
Key Activities: Key activities are the tasks or processes that are critical to a business's success. This can include things like production, sales and marketing, customer service, and research and development.
Key Resources: Key resources are the assets, skills, and knowledge that a business requires to operate successfully. This can include things like equipment, intellectual property, and human capital.
Partnerships: Partnerships involve working with other organizations to achieve common goals or deliver products or services. This can include strategic alliances, joint ventures, and supplier relationships.
Business model innovation: The creation of new models of doing business, often in response to market disruptions or changing customer needs.
Business model transformation: The process of changing an existing business model to improve efficiency, reduce costs, and increase revenue.
Economic modeling: The creation and analysis of mathematical models to understand and predict economic behavior.
Value network analysis: The study of the relationships between different players in a business ecosystem, and how they can work together to create value.
Revenue models: The different ways in which a business can generate revenue, such as through sales, marketing, subscriptions, or advertising.
Channel strategies: The identification and optimization of the various channels through which a business can reach and engage with customers.
Business model canvas: A popular tool for visualizing and analyzing a business model, which includes elements such as key partners, customer segments, and revenue streams.
Disruptive innovation: The introduction of new products or services that disrupt traditional industry models and create new markets.
Social entrepreneurship: The application of entrepreneurial principles to solve social and environmental problems.
Business strategy: The overall strategy and approach a business takes to achieve its goals and objectives.
"The process of business model construction and modification is also called business model innovation and forms a part of business strategy."
"In theory and practice, the term business model is used for a broad range of informal and formal descriptions to represent core aspects of an organization or business."
"...including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies including culture."
"The process of business model construction and modification is also called business model innovation and forms a part of business strategy."
"A business model describes how an organization creates, delivers, and captures value..."
"...in economic, social, cultural or other contexts."
"...the term business model is used for a broad range of informal and formal descriptions to represent core aspects of an organization or business."
"Including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies including culture."
"...including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices..."
"The process of business model construction and modification is also called business model innovation and forms a part of business strategy."
"...business model construction and modification..."
"...organizational structures..."
"Including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies..."
"A business model describes how an organization creates, delivers, and captures value..."
"...in economic, social, cultural or other contexts."
"A business model describes how an organization creates, delivers, and captures value..."
"Including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies..."
"Including purpose..."
"...including culture."