Business Model Essence

What is business model essence, what are the core business model drivers. In the centre, it is business strategy, defined by mission, vision and value proposition. Business model is then delivered through core product or service, core distribution strategy and core monetization strategy. Apple, Google and Amazon examples are provided to explain their business model essence.

Sipoc flow example

Sipoc is a lean six sigma tool that helps map the process at a high level while stating who the suppliers are, what are the inputs, what is the process, what are outputs and customers. SIPOC is a great tool to get all process components on a single page. The below diagram is an example of a sipoc.