The particular way in which a business organization ensures that it generates income, one that includes the choice of offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.
Most organizations aren't sufficiently agile to shift as their product shifts, and so they may have the right product but the wrong business model.
Chesbrough states " An inferior technology with a better business model will often trump a better technology commercialized through an inferior business model.
community engagement has always been an integral part of our business model.
full-service media agency would definitely require a rethink of the agency's business model.
Every business model has to make money somehow, that's how business works.