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.Business Model Essence diagram
Business Model – Business Model Development – Business Model Analysis – Business Model of a company involves a number of characteristics. The business model development consists of the following stages and answers the following fundamental business questions: how will I make money, how will I sell products, how will I manufacture the product or how will I deliver the service, where in the supply chain will I be, is my business disruptive to the existing players, am I creating a new way of conducting business, how do I plan to engage the market?
Answering these basic business questions will help you develop your company’s business model.