developingthebusinessmodelchp11-150119073139-conversion-gate02.pptx

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1. Business Model

2. OBJECTIVES Explain the components of a business model Develop a business model for a business plan Identify the components of a business plan

3. Business model describes the factors of how an organization creates, delivers, and captures value in economic, social, cultural or other contexts. The development of business model construction and variation is also called business model innovation It describes what products or services the business plans to manufacture and market, and how it plans to do so, as well as what expenses it will incur.

4. phases in developing your business model, namely Identifying the specific audience; Establishing business process; Recording business resources; Developing strong value proposition; Determining key business partners; Creating demand for today’s generation strategy and being open for innovations

5. Value Proposition Components The product offering: What will make the product offered different from those of competitors? Type of product: Will the product be standardized or customized? Distribution method: Will direct or indirect distribution be used? Manufacturing process: Internal manufacturing or outsourcing?