business model

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business model (plural business models)

  1. The particular way in which a business ensures that it generates income, one that includes the choice of offerings, strategies, infrastructure, organizational structures, trading practices, and operational processes and policies.
    • 2020 February 25, Christopher de Bellaigue, “The end of farming?”, in The Guardian[1]:
      Between 1997 and 2006, ownership of Glenfeshie passed between three Danish businessmen – and with it a self-destructive business model. Only by maintaining very high numbers of livestock could the flow of fee-paying deerstalkers armed with rifles be ensured, but because of the rising cost of gamekeepers and estate upkeep, Glenfeshie’s sporting operations were still making a loss.
    • 2013 July 20, “The attack of the MOOCs”, in The Economist, volume 408, number 8845:
      Since the launch early last year of […] two Silicon Valley start-ups offering free education through MOOCs, massive open online courses, the ivory towers of academia have been shaken to their foundations. University brands built in some cases over centuries have been forced to contemplate the possibility that information technology will rapidly make their existing business model obsolete.