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. |
More on business strategy: 3C's Model of Ohmae, Ansoff Matrix, Business Continuity Planning, Business Model Canvas, Business Objective, more on business strategy... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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