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 ?
As for the process of change and value creation, it can be assumed that current business models would not exist if there were no technological changes.
In an extensive literature review about Business Models between 1995 and 2005, Zott and Amit (2011) identified both a diversity of definitions provided by academics and the existence of research silos, based on researchers' interests.
Most of the available papers on the logistics sector identify the type of the business model with the type of logistics service providers, distinguishing between three to five business models.
Business models are continuously subject to external pressures that oblige a company to constantly adapt their business model to a changing environment.
This is the right time to evaluate business models.
* Start-ups companies/entrepreneurs can utilize business models to benchmark their offerings/services vis-a-vis competitors/leading players.
Question: We have our own questions about business models and business model innovation and we'd like to ask them.
Critique: The collaborative work of Bonnie Keith (President of The Forefront Group, a leader in Strategic Sourcing Transformation, and an adjunct faculty for the University of Tennessee); Kate Vitasek (a world authority on highly collaborative win-win relationships for her award-winning research and Vested business model); Karl Manrodt (Professor of Logistics in the Department of Management at Georgia College and State University); and Jeanne Kling (a Research Associate with the Vested team at the University of Tennessee), ""Strategic Sourcing in the New Economy: Harnessing the Potential of Sourcing Business Models for Modern Procurement) is enhanced with the inclusion of illustrations, figures, an appendix, twenty-four pages of notes, a twenty page glossary, and a thirty-nine page index.
The vehicle shipping services industry in the US is a growing market ripe for innovation and new business models. Susenkov in only five years has become an industry leader.
The Business Model Canvas has become an integral part of the practice of Lean Startup and also a tool for established companies seeking to strengthen their business models against disruption.
Defining and measuring 'business models' has become an emerging theme in contemporary accounting research (Huelsbeck, Merchant, and Sandino 2011, Ittner, Larcker, and Randall 2003, Nielsen and Roslender 2015, Vera-Munoz, Shackell, and Buehner 2007).
These supports are provided at a time when credit unions are seeking to adapt their business models in order to meet the evolving needs of their members while addressing increasing competition.