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Business model innovation is an iterative and potentially circular process. [ 1] A business model describes how an organization creates, delivers, and captures value, [ 2] in economic, social, cultural or other contexts. For a business, it describes the specific way in which it conducts itself, spends, and earns money in a way that generates ...
The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
Also gas pedal. A throttle in the form of a foot-operated pedal, or sometimes a hand-operated lever or paddle, by which the flow of fuel to the engine (and thereby the engine speed) is controlled, with depression of the pedal causing the vehicle to accelerate. admission stroke See induction stroke. aftermarket air brake 1. A type of brake in which the force that actuates the brake mechanism is ...
The foundations of an idea, which helps another related scheme or proposal. Unique selling proposition (USP) Any aspect of an object that differentiates it from similar objects. Win-win solution. Providing a product or service which makes everyone happy, particularly both buyer and seller.
A brakeman manually activated brakes on railroad cars before the advent of air brakes. Brakeman's caboose (US) A small hut at one end of a railway wagon to protect the brakeman from the elements. Buda Car. A type of inspection car or speeder, typically streamlined, manufactured by Buda Engine Co.
An operating model can describe the way an organization does business today – the as is. It can also communicate the vision of how an operation will work in the future – the to be. In this context it is often referred to as the target operating model, which is a view of the operating at a future point in time.
Glossary of Unified Modeling Language terms. Glossary of Unified Modeling Language ( UML) terms provides a compilation of terminology used in all versions of UML, along with their definitions. Any notable distinctions that may exist between versions are noted with the individual entry it applies to. Contents:
Digital transformation ( DT) is the process of adoption and implementation of digital technology [ 1][ 2][ 3] by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format. The goal for its implementation is to increase value through innovation ...