Date Added: Sep 2011
Business Model has become an important core competence of a business unit, a firm or a company. It is progressively becoming the competitive focus in business and has already been the basic consideration when a company making decision, which was dominated by strategy before. But traditional business models are lack of competence and need to be innovated to new ones. A good business model will beat a good idea or technology. The common understanding is that even with the advanced technologies, a company will not be able to capture the value without an appropriate match between high technologies and business models.