What is a good definition of a business model?
A business model is a high-level plan that describes how an organization will create, deliver, and capture value. It usually consists of two parts: the business model canvas and the financial model.
The business model canvas is a visual representation of how an organization creates value for its customers. It includes nine elements: customer segments, value proposition, channels, customer relationships, resources, activities, cost structure, revenue streams, and key metrics.
The financial model shows how the organization plans to generate revenues and profits over time. It includes projections for sales growth, operating expenses, net income (or loss), and cash flow.
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