Economic Value
Together contributors need to create a business model that forms the blueprint of the cooperating network of organisations intends to create economic value from technological innovation. Therefore, it is useful to define the different relevant issues: Customer Value of services, Organizational arrangements, Technological architecture, and possible financial arrangements.
A business model is:
- An architecture for the product, service and information flows, including a description of the various business actors and their roles.
- A description of the potential benefits for the various business actors.
- A description of the sources of revenues.
Read more about this topic: Mobile Business Development
Famous quotes related to economic value:
“A different world can be created or re-created—but not until we stop enshrining the economic values of invisible labor, infinite and obsessive growth, and a slow environmental suicide.”
—Gloria Steinem (b. 1934)