Element of a successful business model

Reference no: EM133561761

WHAT IS VALUE?

Intangible value creation and capture is a key, unrecognized element of a successful business model.

Value creation from customer, partner and stakeholder perspective

Value perspective shows how resources and transactions are embedded in the design of the organisation

TRANSACTION
• Internal transactions
• Link people, groups, systems, or any combination of these entities within the firm
• Examples: Hiring, manufacturing, meetings
• External transactions
• Take place completely outside the organization
• Example: Spotify's payment of royalties to Sony
• Boundary-spanning transactions
• Connect the organization to customers, partners, competitors and any other organizations or individuals outside the firm
• Example: Distribution channels to reach your customer

Need one page analysis on RTVN framework for Li auto

Reference no: EM133561761

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Element of a successful business model : Value creation from customer, partner and stakeholder perspective Value perspective shows how resources and transactions are embedded in the design

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