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business model::

. . . a complement to a business plan used for comparison or as a reference. A model in essence looks back at sometlhing or at something that exists, such as standard aspects of operating an enterprise within its industry sector. A business model might be created by gathering and analysing information about effective ways to target and serve markets. In that case the model created is that of, for example, a business being created or reorganized under a new strategic plan for . . . the way in which a company makes money (source of quote).

A business plan in essence looks ahead. Both model and plan are used to guide.

Wikipedia has a business model article. A how-to article titled Defining Your Business Model is provided online by Dummies.com.


related: free enterprise business model; economic development model

 
 
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Key search words: define
Economic Development Services, Inc. -- copyrights and all rights reserved / 04/22/2014