Define the term business model. How can entrepreneurial firms benefit by developing and using a business model?
Question:
Define the term business model. How can entrepreneurial firms benefit by developing and using a business model? What are the downsides for entrepreneurial ventures when an effective business model isn’t put in place?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Business Model A business model is a strategic framework that outlines how a company creates delivers and captures value It encompasses the key compon...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
Question Posted:
Students also viewed these Business questions
-
One management factor that affects the growth of a new venture is a business model. How can entrepreneurial firms benefit by developing and using a business model? What impact does a business model...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Do some amendment and enhance the given research paper: Table of Content Abstract..3 Action Research.4 Research Methodology and Design...5 Literature Review: NoSQL Database7 Proposal.7 Iteration 1..8...
-
A mathematical model for the inside of a bowl is obtained by rotating the curve x 2 + y 2 = 100 through 360 about the y-axis between y = 8 and y = 0. Each unit of x and y represents 1cm. a. Find the...
-
The following computations of March labor variances for Sam's Supply Company are incomplete. The missing items are labeled (a) through (d). Labor rate variance = 4,800 hours x [(a) - $8.50] = $350...
-
A number of quantitative and qualitative techniques for forecasting human resources demand were discussed in this chapter. Working in groups, identify which strategies would be most appropriate for...
-
What is a benefit of using TFIDF instead of just term frequency in text mining? a. TFIDF can be used in a bag-of-words approach, but term frequency cannot. b. TFIDF is a normalized measure that...
-
Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data for the year ending January 31, 2009, are shown on the next page. For the year, net credit sales were...
-
The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,704...
-
Explain what business model innovation means. Provide an example of business model innovation other than the examples included in the chapter.
-
If you analyzed the restaurant industry using Porters five forces model, you wouldnt be favorably impressed. Three of the threats to profitabilitythe threat of substitutes, the threat of new...
-
A photovoltaic system is mounted on a space station in order to develop the power for the station. The photovoltaic panels should follow the Sun with good accuracy in order to maximize the energy...
-
Design a 2 bit grey code counter using JK flip-flop. Hint: Gray code counts (00-01-11-10) To do that you should: A. Build a truth table and use KV-Map to find the equations B.Build the design using...
-
Do supply and demand effects/unemployment effects)summarize your findings. Part 1: Take a position and discuss your thoughts on whether or not active fiscal and/or monetary policy should be employed...
-
The Multifactor CAPM and Arbitrage Pricing Theory (APT) are elegant theories of how exposure to systematic risk factors should affect expected returns. However, they fail in identifying what these...
-
We took a random sample of the weights of black cats and the weights of white cats. Assume that the weights of cats have approximately a normal distribution, and that the population variances are...
-
This is a pretty basic overview but I think you will find it interesting and useful. What are YOUR financial goals? What are you doing to make them happen? Do you have an IRA or a 401K? Did you know...
-
Assume that you are starting your own business and want the organizational structure to be a virtual one. What are the advantages and disadvantages of creating such a virtual organization? Explain.
-
A Bloomberg Businessweek subscriber study asked, In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often? A second question asked if the type of...
-
What is a trademark? How can a trademark help a firm establish a competitive advantage in the marketplace?
-
Why do you think Wesable opted not to use Yodlee and build its own account aggregation services? Similarly, why do you think Mint.com jumped at the chance to partner with Yodlee?
-
How does an entrepreneurial firm find the right balance between not overestimating its capabilities (i.e., Wesable thought it could build an account aggregation service faster than it did) and still...
-
5x + 6y = 11 Step 1 of 2: Determine the missing coordinate in the ordered pair (-5, ?) so that it will satisfy the given equation.
-
Solve the following system of equations for z and for y System of Equations: Value of z Value of y y = 9 + 3 z y = 5 8 4 z Solve the following system of equations for a and for b System of...
-
Factor: 4 9 d ^ 2 - n - 2 5 n
Study smarter with the SolutionInn App