Definition of a Business Model is Ambiguous


 
Business Models > Best Practices

In the best practices section you will find the best forum discussions within this knowledge area.


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....Sign up
 

 
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"....Sign up
 

 
Why Business Paradigm Rather Than Business Model
In Ho Kim, Professor, Korea (South), Member
@Ing. Peter Cleton: Absolutely I accept the definition of business model as the logic a company earns money. What ma...Sign up
 

 
Business Model Definition
Derek Lark, CEO, Australia, SIG Leader
Hi Mr Kim, I am not a big fan of the term paradigm. To me it sounds like a fixed idea that cannot be moved to meet new ways of thinking, new market im...Sign up
 

 
Business Model Purpose
Gert Kindgren, Management Consultant, Sweden, Member
The value of defining a Business Model seems to be more in the process than in the result. In the process you get to know your business ...Sign up
 

 
Business Model Purpose
Derek Lark, CEO, Australia, SIG Leader
@Gert Kindgren: I like what you are saying. Snapshot because the environment is changing continually, conceptual yes...Sign up
 

 
Further on the Purpose of a Business Model
Gert Kindgren, Management Consultant, Sweden, Member
I trust what you need in the end is a good plausible story for customers, employees, investors and others to buy into and not the least for yourself t...Sign up
 

 
Why Business Paradigm Rather Than Business Model
In Ho Kim, Professor, Korea (South), Member
These three: concept + term + definition should go together in order to express a single concept vividly in an objective manner. Unless it is done it ...Sign up
 

 
Business Model Terminology and Usage
Derek Lark, CEO, Australia, SIG Leader
@Gert, thank you yes totally agree the blueprint can be too early. As Steve Blank says the only true test is when yo...Sign up
 

 
Terminology and Usage
In Ho Kim, Professor, Korea (South), Member
I am just on your side on that it doesn't matter what you call it but how you use it. When it comes to business model as a logic of earning profit, it...Sign up
 

   
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