Model is still king.doc

 PAGE \* MERGEFORMAT 10 Model is still king Everyone is talking about in this era of entrepreneurship and investment, if you do not talk about what “business model” like the word, you are embarrassed himself seemed very professional and I’ve seen a lot of investors, they ask first question often is: What is your business model is, I have seen a lot of investors, their own business model is clearly and logically, like a “business model” is an artifact of financing, as long as you put the “business model” is a good story? Investors will pay a lot a lot. Wait a minute! What is the business model in the end my experience tells me that the vast majority of people on this issue and many people are not clear understanding of the word is still stuck in this stage:?.??, I was doing what I rely on to make money in this course also part of the business model, but certainly not all. So, in the end what is the business model of a complete understanding of it? While the business model of the word has been known, but because the word has become really popular, but also 20 years, it is no universally accepted definition and standard versions in a variety of customized version, I prefer a professor at Harvard Business School grams Lleyton Christensen versions: the business model is how to create and deliver customer value and corporate value system, although elements of each person’s understanding of the business model includes different, but the definition of the word should be acceptable. What elements of the business model include? Business model which elements it contains Clayton Christensen understanding consists of four elements:? Customer value proposition, profit model, key resources and critical process that is popular is the following four points: First, can you give What customers value? Second, after you bring value to the customer how to make money? Third, do you have any resources and capacity to simultaneously bring customer value and profitability? Fou