Business model vs. business strategy – what is the difference. Business model is about value creation and how it will be captured by the company. Strategy is about building a sustainable competitive advantage, delivering value to shareholders. The below diagram lists some of the key differences between business model and business strategy.
Business model canvas allows to analyze a company on a single sheet of paper. It includes Key partners, key activities, key resources, cost structure, revenue streams, value proposition customer relations, channels, and customer segments. It is surprising how quickly and how much you can say about company’s business model on a canvas.
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.
The nine different building blocks help you to get a comprehensive and fast overview and understanding of your business model. The most common and widespread tool for developing and visualizing a business model is the Business Model Canvas by Alexander Osterwalder and Yves Pigneur.
What is this for? The business model kit is a tool designed to explore and imagine different business models to support your solution. The key to a sustainable business model is ensuring that all stakeholders in the ecosystem are delivering and capturing items of value. Why should you use the business model kit?
The most common and widespread tool for developing and visualizing a business model is the Business Model Canvas by Alexander Osterwalder and Yves Pigneur. The canvas was cocreated with many practitioners and was based on The Business Model Ontology developed by Alexander Osterwalder in 2004.
A business framework can be used to analyze and guide decisions for your client and for your own business. For example, the 3 C’s Model can help you develop a competitive strategy for your client or can be applied to develop a social media marketing plan for your personal brand.
Top 5 Business Frameworks according to Strategy Consultants Porter’s Five Forces Model Hambrick and Fredrickson’s Strategy Diamond Treacy and Wiersema’s Value Disciplines Ansoff Matrix BCG GrowthShare Matrix
This assessment tool will provide a quick and insightful review of your business operations. You can send the results to yourself by email and share with your management team. NOTE: Ratings are on a sliding scale from 1 (poor) to 15 (optimal).
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.