Business Model
Business model refers to the strategic framework a company uses to create, deliver and capture value. It outlines how an organization operates, who its customers are, what value it offers, how it generates revenue, and what resources and partnerships it relies on. Common components of a business model include the value proposition, customer segments, revenue streams, cost structure, channels and key activities. Business models help guide decision-making, shape growth strategies and define competitive positioning – whether for startups launching new ventures or enterprises adapting to market shifts.