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The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition , [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating ...
Business Model Canvas; Developed by A. Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, the business model canvas is one of the most used frameworks for describing the elements of business models. OGSM; The OGSM is developed by Marc van Eck and Ellen van Zanten of Business Openers into the 'Business plan on 1 page'.
The Business Model Canvas is a strategic management template invented by Alexander Osterwalder around 2008 for developing new business models or documenting existing ones. It is a visual chart with elements describing a firm's value proposition , infrastructure, customers, and finances.
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Business plans can help decision-makers see how specific projects relate to the organization's strategic plan.
Also, providing goods like physical installation media (e.g., DVDs) can be a commercial service. Open-source companies using this business model successfully are, for instance RedHat, [7] IBM, SUSE, Hortonworks (for Apache Hadoop ), Chef, and Percona (for open-source database software).
The Business Model Canvas is widely acknowledged around the world by practitioners and academics. It represents the structure and components of a traditional linear business model, where value is produced upstream and consumed downstream, in a linear flow.
An operating model can describe the way an organization does business today – the as is. It can also communicate the vision of how an operation will work in the future – the to be. In this context it is often referred to as the target operating model, which is a view of the operating at a future point in time.
A business reference model is a means to describe the business operations of an organization, independent of the organizational structure that perform them. Other types of business reference model can also depict the relationship between the business processes , business functions, and the business area ’s business reference model.
A target operating model can be a one-page document – the operating model Canvas is an example. It can also be 10 pages or 100 pages. If the document is more than 100 pages it becomes a manual rather than a model. Target operating models provide the vision for organisations undergoing change.
Business model patterns are reusable business model architectural components, which can be used in generating a new business model. In the process of new business model generation, the business model innovator can use one or more of these patterns to creating a new business model.
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