Business model converts innovation to economic value for the business. The business model spells-out how a company makes money by specifying where it is positioned in the value chain. It draws on a multitude on business subjects including entrepreneurship, strategy, economics, finance, operations, and marketing.
Simply put, a business model describes how a business positions itself within the value chain of its industry and how it intends to sustain itself, that is to generate revenue.
In the most basic sense, a business model is the method of doing business by which a company can sustain itself – that is, generate revenue
Simply put, a business model describes how a business positions itself within the value chain of its industry and how it intends to sustain itself, that is to generate revenue.
In the most basic sense, a business model is the method of doing business by which a company can sustain itself – that is, generate revenue
source: http://www.1000ventures.com/
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