Business Model
04Jan06
Henry Chesbrough and Richar Rosenbloom give a definition and basic framework of “Business Model” in the following paper: The Role of the Business Model in Capturing Value from Innovation
Business model essentially deals with the problem of how to translate technology value into economic value, and how to capture and deliver the economic value. The basic components of a business model contain:
- Value proposition
- Market segment
- Value chain structure
- Revenue model
- Positioning
- Competitive strategy
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