This document provides an overview of developing an effective business model. It discusses the key components of a business model including the core strategy, strategic resources, partnership network, and customer interface. The core strategy section examines the mission statement, product/market scope, and basis for differentiation. Strategic resources analyzes a company's core competencies and strategic assets. The partnership network explores suppliers and key relationships. Finally, the customer interface delves into the target market, fulfillment and support options, and pricing structures. Developing a strong business model is important as it serves as an ongoing feasibility analysis and articulates how all business elements work together cohesively.
2. A combined effort of
SERIAL NO. NAME OF MEMBERS ID. NO.
01. FAHIM HASSAN 19-016
02. MD. SADID UDDIN 19-020
03. MD. HAFIZUR RAHMAN 19-022
04. MD. SHAHALAM KHAN 19-026
05. TANVEER AL JAMEE 19-104
3. Discussion at a glance
Business model
Importance of business model
Emergence of business model
Potential flaws of business model
Components of business model
4. What is a model?
A
model
A plan or
Diagram
Used to
make
something
Used to
describe
something
5. What is a business model?
How it competes
Utilizes its resources
Structures its relationships
Interfaces with customers
Creates value
7. Importance of a business model
Serves as an ongoing extension of feasibility analysis
Focuses attention on how all the elements of a
business fit together and constitute a working whole.
Describes why the network of participants needed to
make a business idea viable are willing to work
together.
Articulates a company’s core logic to all stakeholders.
8. Emergence of a business model
• The Value Chain
• The string of activities that moves a product from the
raw material stage, through manufacturing and
distribution, and ultimately to the end user.
• Developed by an academic researcher
• Used to identify opportunities
• Explains how business models emerge and develop
• Consists of primary activities and support activities
9. Emergence of a business model
• Primary activities
• Support activities
Firm
Infrastructure
Human
Resource
Management
Technology
Development
Resource
Procurement
Inbound
Logistics
Operations
Outbound
Logistics
Marketing
and Sales
Service
10. Potential flaws of a business model
A
complete
misread of
the
customer
1
Unsound
economics
2
14. Core competency
Core
Competency
A resource
or capability
Works as a
competitive
advantage
Difficult to
imitate
Allows to
differentiate
Creates
unique
value
Helps to
grow
Establishes
strong
position
20. Target market
Limited group of individuals or businesses
Firms go after or tries to appeal
Affects everything
21. Fulfillment and support
Fulfillment
Licensing the product
to existing companies
Manufacturing the
product by itself
Partnering with a
company
Support
Delivery and
installation
Financing
arrangements
Customer training
Warranties,
Guarantees & repair
Information through
websites