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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.
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File:VRT Canvas 2023.svg. Size of this PNG preview of this SVG file: 512 × 457 pixels. Other resolutions: 269 × 240 pixels | 538 × 480 pixels | 860 × 768 pixels | 1,147 × 1,024 pixels | 2,295 × 2,048 pixels. This is a file from the Wikimedia Commons. Information from its description page there is shown below.
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. The model describes the specific way in which the business conducts itself, spends, and earns money in a way that generates profit.
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"Triple-product" business model of digital media platforms. [7]Digital media platforms like YouTube work through a triple-product business model in which platforms provide information and entertainment (infotainment) to the public often at no cost, while simultaneously capturing their attention, and also collecting user data to sell to advertisers. [7]