The concepts of "business model" and "company strategy" have much in common. A business model clearly demonstrates the method of generating income from the company's operations, and therefore is associated with the economic component of the strategy, the "income-cost-profit" ratio, the cost structure, the level of income, profit flows, and the return on investment.
The business model will show that the chosen strategy is correct and guarantees the inflow of funds. If we consider these concepts in more detail, we will see that the strategy identifies the methods of competitive struggle for profit and leadership of the company as a whole, and the business model records data on income and expenses during the implementation of the chosen strategy, and also ensures the viability of the company.
If a company has been on the ig database market for a long time, is competitive and profitable, then it has a successful business model that confirms the profitability of the strategy. If the company has just announced itself or has not been able to achieve a stable high income for a long time, then these concepts should be carefully analyzed for relevance.
Increase Your Profits by 10X: 5 Key Metrics You Must Track
Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
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Every organization needs competent specialists who strive to shape its successful future. The company's management department is engaged in the creation and implementation of strategy, as well as the selection of a priority business model.
Parameters Industry Business System Business model Company strategy
Essence Chain of activities in the industry A way of organizing a business in the industry Compass, the direction of the company's development
Orientation Understanding the process of cost and added value formation Creating value for consumers, from which income will be generated Building an advantage over competitors
Accents of analysis Analysis of stages of product creation technology and its delivery to the target audience Analysis of the industry and industry business system, trends and scenarios for their development Analysis of the external and internal environment of the company, competitive analysis
Degree of uniqueness Typical for the industry It can be either typical for the industry or innovative. Unique to the company
Rules for an effective business mo