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Based on the above statement. discuss and critically evaluate the conceptual Business Model framework with reference to structur
Finance & Accounting
Pages 5 (1255 words)
Name Course Instructor Date Business Models and Relating Conceptions Businesses have been in existence for centuries ever since the evolution of man and have developed into more complex and detailed forms as time has progressed. They have developed from the simple buying and selling of various goods and services to have a variety of goals and ambitions depending on the type of business that is being conducted by the various companies present in the market today (Pike & Neale, 2003)…
Success in this case is not only valued in the amount of money that a business is able to make but is based on whether the organization is able to achieve all the objectives it had set out for itself at the beginning of the business. For example, a Non Profit organization does not focus on increasing their profit margin but have other objectives on hand (mainly to do with helping others) and it is by achieving these objectives that they consider themselves successful. A business model will determine the structure and purpose of an organization as well as how that organization will evaluate itself. The model is chosen at the beginning of the formation of the business and will determine how a business will proceed henceforth in attaining the objectives that it has set out for itself (Pike & Neale, 2003). The type of business will depend on the ambition of the organization and what they hope to achieve by setting up the business (Spencer, 2000).. ...
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