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Q: business model and a business strategy ( Answered,   0 Comments )
Subject: business model and a business strategy
Category: Business and Money > eCommerce
Asked by: robsonwd-ga
List Price: $2.00
Posted: 15 Dec 2003 19:23 PST
Expires: 14 Jan 2004 19:23 PST
Question ID: 287541
What are the differences between a business model and a business
strategy? Give two examples.
Subject: Re: business model and a business strategy
Answered By: ragingacademic-ga on 16 Dec 2003 10:33 PST
Dear robsonwd,

Thanks for your question.  First, let me request that if any of the
following is unclear or if you require any further research ? please
don?t hesitate to ask me for a clarification.

You asked ?What are the differences between a business model and a business
strategy? Give two examples.?

In the most simple sense, a business model is simply a model of a
business process?  In business lingo, a business model is the method
you use to do business ? it refers to the essence of the business

According to Accenture, a business model is ?

?A true business model, one that strips the business down to its
essential logic for consistently achieving its principle objectives,
will sharpen your organization?s focus, establish a framework for
seizing opportunities, and improve your firm?s mobility in today?s
rapidly changing business conditions.?

You can access an entire research note on business models at the Accenture site.

Examples of business models ? in a retail sense, one model could be
brick and mortar storefronts, another could be selling merchandise
over the Internet ? etailing, and still another would be mail-order
(these also happen to be channels, and one business may employ all
three models and even more).

A business strategy is far more encompassing ? a business strategy
would include your business model but would define what products or
services you propose to sell (or do sell?), who your customers are,
how you intend to reach those customers, how you will earn a profit on
your sales, how you will finance the business, how each major function
within your company will operate, as well as characteristics of your
organizational structure and culture.

A couple of good sites for business strategy ? mgt451/lecturenotes/ch02.ppt

A business strategy would encompass everything that has to do with how
a company goes about conducting its business.

I hope this response adequately addresses your request.  Please let me
know if you are in need of additional information concerning this

There are no comments at this time.

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