Question

describe why business models have overtaken business plans in popularity in the past 20 years. Does this make sense to you? why?

Styles Paragraph Drawing 3. Describe why business models have overtaken business plans in popularity in the past 20 years. Does this make sense to you? Why? . . Remove this instructional/explanatory text before submitting assignment. Use this slide (or create 1-4 additional slides) to provide a brief summary regarding business model popularity. This is NOT a data dump, so do NOT fill these slides with an overload of data. Your job is to sift through what may seem like an infinite pool of data and facts (and opinions) and select the most critical information to succinctly answer the question. Think of it this way, you are summarizing this to demonstrate that you carefully I reviewed the videos assigned this week and thought about this key question; and you are summarizing this for someone who has very little time to read your summary • So your summary must be succinct and you must get to the point (IMPORTANT: you must have a point-an intended message/insight). Your summary must be meaningful, thoughtful, and insightful - rather than simply a bunch of information.

Answer 1

Ans: Business models have overtaken business plans in popularity in the past 20 years and it makes sense to me because of the following reasons:

• The business model encourages you to solve out factors before-mentioned as your marketing theory – what difficulty imply you determining for that; wherewith you will generate consumer preference; wherewith your goods either aid will become to consumers; whereby your company will linger competitively; including all interest plus charges you can contemplate.
• A business model is a design concerning short business accomplishment.
• The business model decree assures you don’t depreciate instead exaggerate everything.
• It recognizes the goods or assistance the firm strategies to market, its recognized destination warehouse, including unspecified predictable investments.
• Business models accommodate organizations with a level of business to assure erudition proceeds evenly within the corporation.