Business Model


This is what wikipedia said,
Open Business Model is business model describes the rationale of how an organization creates, delivers, and captures value – economic, social, or other forms of value. The process of business model design is part of business strategy.

there is six components of business model:

Value Proposition – a description the customer problem, the product that addresses the problem, and the value of the product from the customer’s perspective

Market Segment – the group of customers to target, recognizing that different market segments have different needs.

Value Chain Structure – the firm;s position and activities in the value chain and how the firm will capture part of the value that it creates chain

Revenue Generation and Margins – how revenue is generated, the ciost structure, and target profit margins/

Position in value network – identification of competitors, complementors, and any network effects that can be utilized to deliver more value to the customer.

Competitive Strategy – how the company will attempt to develop a sustainable competitive advantage.

this is example of simple business model

and this is exaple of generic business model

thanks a bunch šŸ˜€


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