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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 342 |
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A business model is a representation of a business that is used to design, plan or monitor the way that business works. Whether it is setting up a new business venture, or closely monitoring “business as usual,†business models of one type or another are a part of running any company.
There are three main uses for a business model:
- Designing how a new business venture or expansion will work
- Planning, budgeting and forecasting
- Monitoring the health of a business (Diagnosing problems and spotting new opportunities)
When setting up a new business or making a major expansion, a business plan is a definition of intent: a model of how you intend the business to work...
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A business model is a representation of a business that is used to design, plan or monitor the way that business works. Whether it is setting up a new business venture, or closely monitoring “business as usual,†business models of one type or another are a part of running any company.
There are three main uses for a business model:
- Designing how a new business venture or expansion will work
- Planning, budgeting and forecasting
- Monitoring the health of a business (Diagnosing problems and spotting new opportunities)
When setting up a new business or making a major expansion, a business plan is a definition of intent: a model of how you intend the business to work...
Essay fragment
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