Big Data

How To Compare A Business Model With A Competitive Strategy

Date Added: Jan 2010
Format: HTML

A business model is the method a business uses to generate revenue through the sale of its products or services. A competitive strategy focuses on how a business will systematically compete and (hopefully) gain an advantage in the market. At times, the two terms can overlap as selecting the right business model could provide a strategic competitive advantage. Comparing a business model with a competitive strategy requires more in-depth observation.