Question: I recently heard reference made to the 'Business Model Canvas,' which was described as a new tool for business planning. What is it, and how does it relate to a traditional business plan? (Date:08/14/2017 07:01) Read full article >>

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Business: A business is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to provide service to customers for profit. Businesses may also be not-for-profit or state-owned.
Business Model: A business model describes the rationale of how an organization creates, delivers, and captures value . The process of business model construction is part of business strategy.