What is the business model and how to innovate and develop it?

A business plan or a group of business models. A business model is a business plan or a set of business plans. Innovation and development need business model innovation.

1. A business model is a business plan or a group of business plans. Specifically, it refers to an overall plan that can be implemented and applied in a certain problem situation to solve one or more inherent problems.

2. At present, the definition of business model is widely used: a business model is a tool containing a series of elements and their relationships, which is used to clarify the business logic of a specific entity. It describes the value that an enterprise can provide to customers, as well as its internal structure, partner network and capital relationship. Only in this way can we realize this value and generate sustainable profit income. Through this definition, we can easily see that the business model is actually a kind of business logic, which is related to customer needs.