PHYSICS 102 Lecture Notes - Lecture 14: Contextual Inquiry, Value Proposition, Business Case
Document Summary
A business model describes how an organization conducts its business. Usually you need money to cover all costs. A right mix of these values determines the effectiveness of the tech and its implementation. A business model is a stratistic tool, it describes the rationale of business and not what employees should do. It is somewhere between a strategy or mossion and organization of infrastructure. a small history of business models the internet is an important catalyst for new ways of doing business. In the last few decades, innovation in tech goes hand in hand with innovation of business models. 9 blocks that offer an overview of the elements that eed attention when defining a business model. Mirthe meulenbroek: deals with how value is created. Value proposition: something valuable is offered to potential customers. Right side: how the value proposition is delivered to customers, relationship customers have with organization, how they are reached. Customers will pay for the offered tech.
