What is a Business Model? Types, Examples, and Components

 

 Understanding the concept of a business model is crucial for entrepreneurs, business students, and professionals. A business model defines how a company creates, delivers, and captures value. It acts as a blueprint for the operations, strategies, and potential profitability of a business. This article explores the various facets of business models, their importance, and the different types that are prevalent in today’s business environment.

Defining a Business Model

Peter Drucker defined the term business model as “assumptions about what a company gets paid for”.

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