Definition of a Business Model is Ambiguous

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Business Models > Forum > Definition of a Business Model is Ambiguous

Definition of a Business Model is Ambiguous
In Ho Kim, Professor, Korea (South), Member
In studying or analyzing something, a clear-cut definition of the concept or term is required.
As far as 'Business Model' is concerned, it is one term with many meanings.
I therefore recommend to use 'business paradigm' as a new terminology that always has one term with one meaning.
A BUSINESS PARADIGM always refers to the mechanism to connect Explicit Needs (demand side) with Extended Value Chain (supply side). Where 'explicit needs' stands for needs with willingness to pay (purchase) as well as purchasing power, and 'Extended Value Chain' implies the willingness to add entrepreneurial activities and resources to Porter's value chain.
 

 
Business Model Definition According to Osterwalder
drs. ing. Peter Cleton, Management Consultant, Netherlands, Member
I would suggest to use Osterwalder's Business model definition:
"A Business Model is the logic a company earns money".
 

 
Why Business Paradigm Rather Than Business Model
In Ho Kim, Professor, Korea (South), Member
 

 
Business Model Definition
Derek Lark, CEO, Australia, SIG Leader
 

 
Business Model Purpose
Gert Kindgren, Management Consultant, Sweden, Member
 

 
Business Model Purpose
Derek Lark, CEO, Australia, SIG Leader
 

 
Further on the Purpose of a Business Model
Gert Kindgren, Management Consultant, Sweden, Member
 

 
Why Business Paradigm Rather Than Business Model
In Ho Kim, Professor, Korea (South), Member
 

 
Business Model Terminology and Usage
Derek Lark, CEO, Australia, SIG Leader
 

 
Terminology and Usage
In Ho Kim, Professor, Korea (South), Member
 

     

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