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Business Model - Coggle Diagram
Business Model
Definition
Magretta(2002): "Business models are stories that explain how firms work, including how they make money and how they deliver value to customers at an appropriate cost"
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Defining value
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Stakeholder Analysis
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Applying the Analysis
Prioritise based on Power, Legitimacy and Urgency
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Business model Framework
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Society
Provides the social, economic and legal structure that allows business to flourish
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Creating value
To create value, organisations must put in place the infrastructure, capability and relationships that enable them to convert inputs to outputs that meets the needs of their customers