Traditional Culture Encyclopedia - Traditional stories - It is easy to change the business model after it is formed.
It is easy to change the business model after it is formed.
Business model is the creativity of entrepreneurs, which comes from the richness and logic of opportunities and may eventually evolve into a business model. Although it first appeared in 1950s, it was not widely used and spread until 1990s, and it has become a term among entrepreneurs and venture capitalists.
Business model is the way for companies to make money. In short, beverage companies make money by selling drinks; Express companies make money by sending express delivery; Supermarkets make money through platforms and warehouses, and so on. As long as there is money, there is a business model.
As the market demand becomes clearer and the definition of resources becomes more accurate, opportunities will go beyond their basic forms and gradually evolve into ideas (business ideas), including core plans such as how to meet market demand or how to allocate resources.
With the self-improvement of business concepts, including product/service concepts, this precise and differentiated concept (business concept) gradually matured and eventually evolved into a perfect business model, thus forming a system combining market demand and resources.
A business model is a conceptual tool, which contains a series of elements and their relationships to clarify the business logic of a specific entity. It describes the value that the company can provide to customers and the internal structure of the company, which are the elements of value and sustainable profitable income.
When the word business model is used in literature, it often blurs two different meanings: one kind of authors simply use it to refer to the specific methods and ways of how companies do business, while the other kind of authors emphasize the significance of the model. There are essential differences between the two: the former generally refers to the way companies do business, while the latter refers to the conceptualization of this way.
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