The CD defines the business model as a chosen system of inputs, business activities, outputs and outcomes that aims to create value over the short, medium and long term (p. 14 of the CD). As illustrated above, the six types of capitals portrayed by the IR Framework are stores of value that become inputs to a company's business model (see Fig. 2). However, these capitals, and their value do change over time, as they are increased, decreased or transformed through the activities and outputs of the organization. It's also important to understand how the outputs affect outcomes, which represent the. ultimate results of the outputs.