What are the eight key components of an effective business model?
The eight key components of an effective business model are:
value proposition revenue model market opportunity for the firm (the marketspace and how big it is)
competitive environment for the firm (who the competitors are in the marketspace)
Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 7 competitive advantage the firm brings to the marketspace (the unique qualities that set the firm apart from others in the marketspace)
market strategy the firm will use to promote its products and services organizational development of the firm that will enable it to carry out its business plan capabilities of the management team to guide the firm in its endeavors.