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Business Model |
Also found in: Wikipedia, Hutchinson | 0.04 sec. |
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Business Model The way, or ways, in which a company makes generates revenue (and profit). Notes: Business model is a buzzword that everybody used (or overused) during the dot-com boom. It merely describes a model based on how a company makes money.
A business model can be simple or very complex. A restaurant's business model is to make money by cooking and serving food to hungry customers - pretty easy to understand. The business model of a website isn't so clear. Some make money (or attempt to anyhow) by providing a free service, (say, an investing education site), and then selling advertising to other companies who want to get their name in front of the website's audience. |
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| A well-established business model can facilitate the company's competitive advantage and influence its monetary results. Johnson, executive director of MBM Associates and a former high school teacher, argues that the business model fails public education. IBM Forest and Paper Innovation Center, part of IBM Business Consulting Services, is celebrating its first year of operation by demonstrating how an on-demand business model can increase the after tax return on capital employed (ROCE) in the forest industry from a typical 5% up to as high as 22%. |
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Business Model
