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Part of the book series: Palgrave Macmillan Finance and Capital Markets Series ((FCMS))

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Abstract

A business model provides a framework for identifying and creating value. Business models describe how the components of a business combine as a system. The phrase is widely used to describe the diverse features of a business, and its scope can include strategy, purpose, offerings, processes, operations, organizational aspects and trading practices. A good business model identifies the customer, what customers’ value, and how value is created in a business. The ability to identify how a business model functions and creates value provides a foundation for valuation.

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© 2009 Jamie Rogers

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Rogers, J. (2009). Valuation. In: Strategy, Value and Risk. Palgrave Macmillan Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230353930_3

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