Dirkjan: Created page with "The choice of assessment criteria for the best Business Model dpends on the purpose of the evaluation being made: '''Main purposes for evaluating a business..."

2020-08-25T07:15:26Z

Created page with "The choice of assessment criteria for the best Business Model dpends on the purpose of the evaluation being made: '''Main purposes for evaluating a business..."

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The choice of assessment criteria for the best [[Business Model|Business Model]] dpends on the purpose of the evaluation being made:
'''Main purposes for evaluating a business model''':
* Benchmarking with competitors
* Assessing alternative business models for possible adoption or adaptation
* Evaluating the risk in pursuing business model innovation
* Evaluating an innovative business model in terms of its feasibility and profitability
'''Factors that determine a business models value potential'''
* Efficiency
* Uniqueness
* Fit
* Profit booster
The assessment of economic feasibility of a business model can be based on different factors:
* Assessing the economic feasibility based on:
** Its incoming and outgoing value
** What-if scenarioes
** Sensitivity analysis
** Caution: it is difficult ot express intangible benefits in financial terms
* Three levels for measuring the performance of a business model
** Measures of profitability
** Profitability prediction
** Business model component attributes
* Additional factors that can influence profitability and viability:
** Level of ownership
** Firm's access to key information
** Conflicts
See also: [[Business Model Canvas|Business Model Canvas]]
[[Category:businessmodelling]]

[[Category:Business]]

[[Category:M8]]

[[Category:Model]]

[[Category:Modeling]]

[[Category:Term]]

Selecting an appropriate business model - Revision history

Dirkjan: Created page with "The choice of assessment criteria for the best Business Model dpends on the purpose of the evaluation being made: '''Main purposes for evaluating a business..."