Provided by: Journal of Competitiveness
Topic: Data Management
Date Added: Dec 2014
The term business model has been used in practice for few years, but companies create, define and innovate their models subconsciously from the start of business. The authors' paper is aimed to clear the theory about business model, hence definition and all the components that form each business. They create an analytical tool and analyze the real business models in Slovakia and define the characteristics of each part of business model, i.e., customers, distribution, value, resources, activities, cost and revenue.