C2B or Consumer- to- Business is a business model

May 29th, 2015
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Amridge University
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What is Strategy? It can be defined as the means by which an organization sets out to achieve its desired ends. According to Porter, “It means deliberately choosing a different set of activities to deliver a unique mix of values. Another author Henry Mintzberg describes strategy as a plan and a position an organizations decides to follow and keep. What is a Business Model? It can be defined as ‘a plan for the successful operation of a business, identifying sources of revenue, the target market, products, and details of financing.’ In other words, we can define it as ‘a systematic method to generate revenues after carefully analyzing various significant business factors’.

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What is Strategy?It can be defined as the means by which an organization sets out to achieve its desired ends. According to Porter, It means deliberately choosing a different set of activities to deliver a unique mix of values. Another author Henry Mintzberg describes strategy as a plan and a position an organizations decides to follow and keep. What is a Business Model?It can be defined as a plan for the successful operation of a business, identifying sources of revenue, the target market, products, and details of financing. In other words, we can define it as a systematic method to generate revenues after carefully analyzing various significant business factors. The Differences Between Strategy and Business ModelThe terms business model and strategy are often used interchangeably in the business world; however, they are not the same. Although there is a great deal of overlap in the two terms, we should know how and why they are different to effectively apply either concept strategically.On the basis of above given definitions of both the terms, we can simply differentiate the terms by saying, a business model is concerned with the core processe

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