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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 ...
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 ...
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.
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.
Business model is a profit-producing system that has an important degree of independence from the other systems within an enterprise. Business analysis is the set of tasks, knowledge, and techniques required to identify business needs and determine solutions to business problems. Solutions often include a systems development component, but may ...
A business reference model is a means to describe the business operations of an organization, independent of the organizational structure that perform them. Other types of business reference model can also depict the relationship between the business processes, business functions, and the business area’s business reference model. These ...
Business rules represent the primary means by which an organization can direct its business, defining the operative way to reach its objectives and perform its actions.. A rule-based approach to managing business and the information used by that business is a way of identifying and articulating the rules which define the structure and control the operation of an enterprise [1] it represents a ...
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.