{"id":777,"date":"2020-05-23T19:56:26","date_gmt":"2020-05-23T18:56:26","guid":{"rendered":"https:\/\/codify.in\/?post_type=encyclopedia&#038;p=777"},"modified":"2021-06-25T14:50:39","modified_gmt":"2021-06-25T13:50:39","slug":"business-model","status":"publish","type":"encyclopedia","link":"https:\/\/codify.in\/de\/glossary\/business-model\/","title":{"rendered":"Business Model"},"content":{"rendered":"<p>In popular business parlance the term also often gets confused with the &lsquo;revenue model&rsquo;, a subelement of a business model, which describes a firm&rsquo;s revenue and income streams. In innovators&rsquo; and entrepreneurs&rsquo; circles, the term &lsquo;business model&rsquo; has become synonymous with the nine building blocks of <a href=\"https:\/\/www.strategyzer.com\/canvas\/business-model-canvas\">Alexander Osterwalder&rsquo;s Business Model Canvas<\/a>, which is widely seen as a kind of industry-standard framework for describing its elements. However, countless other &lsquo;models&rsquo; of business models also exist (as shown in the image above). If we were to explain it to our kids, we would probably just say that a business model is all about how we are going to <em>&lsquo;meet needs, profitably.&rsquo;<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>A narrative of how a business works and makes money: it describes how it creates and delivers value to its customers at an appropriate cost and how it captures its share of value in turn.<\/p>\n","protected":false},"author":2,"featured_media":2605,"template":"","encyclopedia-category":[132,134,135],"encyclopedia-tag":[144,145,146,147,148],"coauthors":[142],"class_list":["post-777","encyclopedia","type-encyclopedia","status-publish","has-post-thumbnail","hentry","encyclopedia-category-digitalization","encyclopedia-category-innovation","encyclopedia-category-lean-startup","encyclopedia-tag-business-design","encyclopedia-tag-business-model-canvas","encyclopedia-tag-revenue-model","encyclopedia-tag-value-proposition","encyclopedia-tag-value-proposition-canvas"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia\/777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/media\/2605"}],"wp:attachment":[{"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/media?parent=777"}],"wp:term":[{"taxonomy":"encyclopedia-category","embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia-category?post=777"},{"taxonomy":"encyclopedia-tag","embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/encyclopedia-tag?post=777"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/codify.in\/de\/wp-json\/wp\/v2\/coauthors?post=777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}