1 The basics

Business modeling

DOI: 10.4324/9781003215097-2

This chapter answers a fundamental question, namely, why does business modeling in general, and its innovation in particular, matter?1

The main aims are:

1.1 Introduction

An effective business model is a tremendously valuable asset to a company.2 However, when asked to explain their company’s business model, most executives do not have a ready answer – they know what business ...

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