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1) - "The Business Model Is An Abstract Representation of An Organization, Be It Conceptual

The document discusses definitions and concepts related to business models. It provides 4 sources that define aspects of business models. The first source defines a business model as an abstract representation of an organization's arrangements to achieve strategic goals. The second source discusses the 3 types of choices companies make in creating business models - policy, asset, and governance choices. The third source discusses the European Financial Reporting Advisory Group project on the role of business models in financial reporting. The fourth source notes that effective strategy making should be an analytical, data-driven process that identifies customer needs and differentiates the company.

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Grigoras Alexandru Nicolae
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47 views1 page

1) - "The Business Model Is An Abstract Representation of An Organization, Be It Conceptual

The document discusses definitions and concepts related to business models. It provides 4 sources that define aspects of business models. The first source defines a business model as an abstract representation of an organization's arrangements to achieve strategic goals. The second source discusses the 3 types of choices companies make in creating business models - policy, asset, and governance choices. The third source discusses the European Financial Reporting Advisory Group project on the role of business models in financial reporting. The fourth source notes that effective strategy making should be an analytical, data-driven process that identifies customer needs and differentiates the company.

Uploaded by

Grigoras Alexandru Nicolae
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Reviste de specialitate:

1). “The business model is an abstract representation of an organization, be it conceptual,


textual, and/or graphical, of all arrangements that are needed to achieve its strategic goals
and objectives.”

Al-Debei, M. M., El-Haddadeh, R., & Avison, D. (2008). "Defining the business model in the
new world of digital business." In Proceedings of the Americas Conference on Information
Systems (AMCIS) (Vol. 2008, pp. 1-11).

2). “Companies make three types of choices when creating business models. Policy
choices determine the actions an organization takes across all its operations (such as using
nonunion workers, locating plants in rural areas, or encouraging employees to fly coach
class). Asset choices pertain to the tangible resources a company deploys (manufacturing
facilities or satellite communication systems, for instance). And governance choices refer to
how a company arranges decision-making rights over the other two (should we own or
lease machinery?).”

"How to Design a Winning Business Model". Harvard Business Review. Retrieved 2016-11-23.

3). “As a result of the increasing prominence the concept of business model has received in
the context of financial reporting, the European Financial Reporting Advisory
Group (EFRAG), which advises the European Union on endorsement of financial reporting
standards, commenced a project on the "Role of the Business Model in Financial
Reporting" in 2011”.

"EFRAG calls for candidates for an Advisory Panel on the proactive project on the Role of the
Business Model in Financial Reporting". European Financial Reporting Advisory Group.
December 15, 2010. Retrieved 2011-06-03.

4). “The central tenets of strategy making are well known. It should be an analytical, data-
driven process that rigorously identifies customer needs, differentiates the company from
rivals, and maximizes profits.” –

Govindarajan, V. and Trimble, C. (2011). The CEO’s role in business model reinvention.
Harvard Business Review, January-February: 108-114.

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