Venturing with Business Models

摘要：

Business Modelhas been fashioned in business literature in the past decade. But, it is not used as much in strategic planning or new venture development, but used as after thought in business plans. Definitions and conceptualization of business models in the literature have been varied, vague and inconsistent. Business model here is defined as a set of two things in an organization, a value chain and an economic model. The value chain demonstrates how distinctly value is generated through a chain of activities for the customer, while an economic model shows how revenues and costs end up specifically to net income for the firm, distinctly from the customer. A business models must be unique, effective, efficient, and sustainable. The entrepreneurs must translate their ideas into viable business models with strong profit engine to ramp up the initial required investment and create a sustainable competitive advantage.

关键词： Business Model New Venture Value Chain

作者: Mehran Sepehri

作者单位: Sharif University of Technology,Iran

会议类型: 国际会议

会议名称: Academy of Innovation and Entrepreneurship 2008(创新与创业国际学术会议)

会议地点: 北京

会议语种:英文

页码: 223-225

在线出版日期: 2008-03-01（万方平台首次上网日期，不代表论文的发表时间）