Continuing the previous part of the full article here There is no “one size fits all” when making a business model. Different professionals may suggest taking different steps when creating a business and planning your business model. Here are some broad steps one can take to create their plan: Identify your audience Most business model …
What is a Business Model? The term business model refers to a company’s plan for making a profit. It identifies the products or services the business plans to sell, its identified target market, and any anticipated expenses. Business models are important for both new and established businesses. They help new, developing companies attract investment, recruit …
[1/2] What is a Business Model with types and examples Read More »
Digital transformation is a hot topic for companies across the globe. Companies are moving forward with digital transformation at varying paces and experiencing varying levels of success. Some are transforming many parts of their organisations while others are still doing only the basics. Others are encountering organisational issues or other challenges that prevent them from …
Summary of digital transformation framework (MIT Sloan) Read More »