Business model: Difference between revisions
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1. | |||
The purpose, strategy and trading practices of a commercial business. | |||
A simple business model identifies the entity's products and its markets. | |||
A simple business model identifies the entity's products and its markets, and how it will make profits. | |||
More refined business models factor in the wider economic and regulatory environment, often with the support of structured strategic analysis. | More refined business models factor in the wider economic and regulatory environment, often with the support of structured strategic analysis. | ||
2. | |||
Similar strategic matters in governmental and non-profit organisations. | |||
Revision as of 12:48, 29 October 2016
1.
The purpose, strategy and trading practices of a commercial business.
A simple business model identifies the entity's products and its markets, and how it will make profits.
More refined business models factor in the wider economic and regulatory environment, often with the support of structured strategic analysis.
2.
Similar strategic matters in governmental and non-profit organisations.
