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Research Articles Most Popular Business Models

A business model describes the rationale of how a corporation creates, delivers, and captures value, in economic, social, cultural or other contexts. the method of business model construction and modification is additionally called business model innovation and forms a neighborhood of business strategy. In theory and practice, the term business model is employed for a broad range of informal and formal descriptions to represent core aspects of a business, including purpose, business process, target customers, offerings, strategies, infrastructure, organizational structures, sourcing, trading practices, and operational processes and policies including culture. The literature has provided very diverse interpretations and definitions of a business model. a scientific review and analysis of manager responses to a survey defines business models because the design of organizational structures to enact a billboard opportunity. Further extensions to the present design logic emphasize the utilization of narrative or coherence in business model descriptions as mechanisms by which entrepreneurs create extraordinarily successful growth firms. Business models are wont to describe and classify businesses, especially in an entrepreneurial setting, but they're also employed by managers inside companies to explore possibilities for future development. Well-known business models can operate as "recipes" for creative managers. Business models also are mentioned in some instances within the context of accounting for purposes of public reporting.      

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