significance of developing a business model for an organization.

significance of developing a business model for an organization.

Write in minimum 250 words the significance of developing a business model for an organization.

Read the case study article (click on title): New Business Models for Creating Shared Value.

Write in minimum 250 words the significance of developing a business model for an organization. Note the chart in the article that lists the components of the major business models in the literature, and discuss which of those components from the available models is most applicable to your organization, and why? According to the case study material, how does the Osterwalder and Pigneur model stack up. What are your views regarding the findings of the study? What are your personal takeaways from the article?[No citations/references required]

new_business_models_for_shared_value_2011

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A business model illustrates how an organization is capable of using the resources available to give value to its customers. Principally, a business model is crucial to a company’s organizational arrangements, external relationships with customers, suppliers, and partners. It seeks to primarily focus on how to deliver its core products and services to the consumer while still making progress and generating revenue…

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