Business model

business model describes how an organization creates, delivers, and captures value,[2] in economic, social, cultural or other contexts. The process of business model construction and modification is also called business model innovation and forms a part of business strategy.[1]

In theory and practice, the term business model is used for a broad range of informal and formal descriptions to represent core aspects of an organization or business, including purposebusiness processtarget customers, offerings, strategies, infrastructureorganizational structures, sourcing, trading practices, and operational processes and policies including culture.

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