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The document discusses business models and their importance. It defines a business model as the core logic of how a business creates and captures value. An effective business model clearly outlines the value proposition, resources, activities, customer segments, distribution channels, and cost and revenue streams. Developing a strong business model is important before creating a business plan as it provides a practical framework for how the business will operate and be profitable. The document also presents several common business model types such as razor/razorblade models and reviews the key components of an effective business model.
Descrizione originale:
Raj Sankars' Business Plan Model from the book Entrepreneurship: Theory and Practice
The document discusses business models and their importance. It defines a business model as the core logic of how a business creates and captures value. An effective business model clearly o…