25 May 2016

Strategic Management: Business Model (Definitions)

"A high-level visual representation of how an organization serves, or intends to serve, its customers and stakeholders." (Bettina M Davis & Wendy L Combsand, "Demystifying Technical Training: Partnership, Strategy, and Execution", 2009)

"A current or future state representation of some aspect of an enterprise, typically from a process, data, geographic, event, organizational or financial perspective." (DAMA International, "The DAMA Dictionary of Data Management", 2011)

"A method by which a company generates revenue to sustain itself." (Linda Volonino & Efraim Turban, "Information Technology for Management" 8th Ed., 2011)

"A set of choices that ultimately describes an organization's logic, from how it operates to the way it creates and captures value, including economic or social value." (David K Pham, "From Business Strategy to Information Technology Roadmap", 2016)

"Colloquial term used to express how an organisation seeks to turn a profit or create added value. It describes the structure linking intended strategy, its operational and functional requirements and anticipated performance. There are many types of business model but they can be classified into one-sided, multi-sided/platform, social and collective." (Duncan Angwin & Stephen Cummings, "The Strategy Pathfinder" 3rd Ed., 2017)

"The specific way in which a business is organized to generate revenue and profits in a sustainable manner." (Pamela Schure & Brian Lawley, "Product Management For Dummies", 2017)

"A set of choices that ultimately describes an organization's logic, from how it operates to the way it creates and captures value, including economic or social value." (Tiffany Pham et al, "From Business Strategy to Information Technology Roadmap", 2018)

"The overall logic of a business and the basis on which it generates revenues and profits." (Robert M Grant, "Contemporary Strategy Analysis" 10th Ed., 2018)

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