A business model is a description of how a business makes (or intends to make) money.

May 29th, 2015
Studypool Tutor
Aberystwyth University
Price: $20 USD

Tutor description

Business model Introduction The business model is used to express the part played by the product (system or component) being developed in the context of the business that will fund its development (or purchase it) and use it. It also provides elements that link extremely well to the architecture model. The business model includes goals, business processes, steps within business processes, roles and resources. The scope (or domain) of the model is any part of the world defined as interesting for a company, organisation or others, and which has some impact on the required behaviour or other characteristic of the product. The business model might be broadly or narrowly scoped, e.g. describing the entire business of a company or describing the immediate environment and context of a product under consideration. Thus, the business model is recursive in the sense that some business models might detail aspects of another more broadly scoped/higher level business model.

Word Count: 6945
Showing Page: 1/27
Business modelIntroductionThe business model is used to express the part played by the product (system or component) being developed in the context of the business that will fund its development (or purchase it) and use it. It also provides elements that link extremely well to the architecture model.The business model includes goals, business processes, steps within business processes, roles and resources. The scope (or domain) of the model is any part of the world defined as interesting for a company, organisation or others, and which has some impact on the required behaviour or other characteristic of the product. The business model might be broadly or narrowly scoped, e.g. describing the entire business of a company or describing the immediate environment and context of a product under consideration. Thus, the business model is recursive in the sense that some business models might detail aspects of another more broadly scoped/higher level business model. The set of work products of a business model is outlined below.A business model consists of the work products listed below.A set of scoping statements, consisting of the following: The context statement, which defines the scope and positions this business model in its context.Vision for change, which describes what to improve, the motivation (i.e. what is wrong with the current situation), a description or indication of what the improvements might be and a gap analysis.Risk analysis, which identifies the business

Review from student

Studypool Student
" AMAZING as always! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1823 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors