Tuesday, 23 October 2012

Business Model - Definition

In the most basic sense, a business model is the method of doing business by which a company can sustain itself - that is, generate revenue. The business model spells-oout how a company makes money by specifying where it is positioned in the value chain.

so the question is would you define your position in the value chain first before you start your business? or after you start it...

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