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Strategy: Business models and strategy

Strategy: Business models and strategy

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  • ISBN-13: 9783845401775
  • Publisher: LAP LAMBERT Academic Publishing
  • Release Date: Jul 01, 2011
  • Pages: 84 pages
  • Dimensions: 0.19 x 8.66 x 5.91 inches

Overview

Strategy is the science or art of combining and employing the means of war in planning and directing large military movements and operations. A business model is the plan implemented by a company to generate revenue and make a profit from operations. The model includes the components and functions of the business, as well as the revenues it generates and the expenses it incurs. The strategy of a business is “how our company will get there”. Direction to head, finding the buyers needs and the customers we serve. The business model is “how our company makes the strategy work”. Strategy is the business approach and competitive initiatives. Business model will be set to whether revenues and costs flowing from the “strategy” established; also, if the strategy can be profitable and feasible.

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