What exactly is a business framework diagram. This is one of the top business frameworks helping clients improve on their approach to strategy, project management, IT, HR, internal processes and client experience.What exactly is a business frameworkThe concept of a business model is the fundamental building block of modern business. It describes the set of activities that are used to produce goods and services and the relationship between the activities and their outcomes. The business model describes the business process and provides a blueprint for how to manage the business, thus it also defines the core business strategy. A business model can be defined as a set of relationships between the elements of the model.