Business Model

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Business Model

A plan a company or other business uses in order to make a profit from its operations. Some business models are complex, while others are simple. For example, a hedge fund's business model may involve encouraging high net worth individuals to make a large investment that will be used in a series of complicated (and sometimes obscure) transactions. On the other hand, a freelance editor's business model is simply to write and edit for clients in order to receive payment.
References in periodicals archive ?
This is in large part due to the tremendous returns garnered by companies that have developed new business models.
It refers to the process of creating or making new business models.
Deeply influenced by business informatics in the early years, business models and business model innovations became a pervasive part of our business life.
Business plans in nonprofits are getting their share of attention today, but business models are less well understood.
However, competition and change are relentless, so business models become obsolete, e.
Insurers need not abandon traditional business models to gain a foothold on the Internet.
Business Model Generation is a handbook for visionaries, game changers, and challengers striving to defy outmoded business models and design tomorrow's enterprises.
While it seemed logical that industries relying heavily on digital technologies (such as the telecom, video game, music, and movie industries) would be highly disrupted and struggle to find new sustainable business models, many were surprised to see traditional industries, such as hotels or taxis, radically reshuffled by the advent of new business models.
These forces will reshape insurers' traditional business models, particularly in the overcrowded personal-lines and small-commercial segments.
Game-Changing Strategies explains the reasons behind this puzzle and presents practical ideas on how established firms could not only discover new radical business models but also grow them next to their existing business models.
The Internet has enabled a whole range of business models that would have been unimaginable just a couple decades ago, from "free-mium" revenue structures to mass customization options.
These business models, they demonstrate, also look a lot different than those familiar to most technologists and business executives.