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Business Models And Strategic Management: A New Integration,Used
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Finally, a book comes along that provides a unique yet simple and powerfulapproach to understand the business model and the critical role strategicmanagement has in supporting it. Its value is in business model thinking. Itbrings you a combination of the best contributions of academe and industrythat will help build business modelcentric organizations. Inside, you'll learnabout strategy from a business model perspective. What does that mean? It meansthat you'll first have to think rigorously about your value proposition; your currentor future competencies; and your revenue streams and cost structure before developing,adopting, or modifying your strategies.What is the difference between a business model and a strategy? A businessmodel is how a company operates, and a strategy is how a company competes.When the basis of competition changes because a new model disrupts theeconomics in the industry, it requires an adjustment in business modelsbefore any new strategy can work. This book adds a business model level to thetraditional strategic management process that is more consistent with current'realworld' practices in strategic thinking and analysis. It takes you deeper intothe intricacies of what constitutes a business model and how current strategyderives from it, and offers 7 modules that will show you the key components tomanage to your business model, to help conduct business model analysis, and toassess the financial viability of a business model, just to name a few.Dr. Francine Newth is associate professor of strategy in the School of Business atProvidence College, Providence, Rhode Island, USA.
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