EEE 370 Chapter 4: Chapter 4 Reading Notes

• School: Syracuse University
• Department: Entrprnrshp & Emrging Entrprss
• Course: EEE 370
• Professor: El-Java

Document Summary

Chapter 4 reading notes: developing an effective business model. Business model: a plan or recipe for how it creates, delivers and captures value for its stakeholders. Depict existing plans or recipes firms can use to determine how they will create, deliver, and capture value of their stakeholders. Churn: the number of subscribers that a subscription-based business loses each month. Rare, ones that do not fit the profile of a standard business model, and are impactful enough that they disrupot or change the way business is conducted in an industry or an important niche within an inudstry. Addresses a market that previously wasnt served. Possible wheen the firms in an industry continue to imporve products or services to the point where they are actually better than a sizable portion of the clientele needs or desires. Business model canvas: nine basic parts that show the logic of how a firm intends to create, deliver and capture value for its stakeholders.