Definition: a Business Model is a system by which a commercial, not-for-profit or government organisation can sustain itself and can achieve its corporate purpose, mission and strategy. It is a description at a strategic level of the way an organization creates, delivers, and captures economic, social, or other forms of value. A business model represents a plan or recipe for the successful operation of a business, identifying sources of revenue, the intended customer base, products, and details of financing. Those features interact in complex ways to determine a company’s overall success.
MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.
We love to keep things really short, but provide links to learn more about your subject and to similar concepts.
© 2021 MBA Brief - Last updated: 14-4-2021 - Privacy | Terms