Elements of a successful business for the modern age
What to consider before starting your business in 2019.
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If you are reading this it means that you are curious as to “What are the elements of successful business for modern age?” Or you just stumbled on this.
Today, I want to discussing elements of successful business. There are 9 elements of running a successful business.
An organisation serves one or several customers segments.
It seeks to solves customers problems and satisfy customers needs with value propositions.
3. Channels
Value propositions are delivered to customers through communication, distribution, and sales channels.
4. Customers Relationship
Customers relationships are established and maintained with each Customer Segment.
5. Revenue Streams
Revenue Streams results from valve propositions successfully offered to customers.
6. Key Resources
key resources are the assets required to offer and deliver the previously described elements…
7. Key Activities
… by performing a number of key Activities.
8. Key Partnerships
Some activities are outsourced and some resources are acquired outside the enterprise.
9. Cost Structure
The business model elements result in the cost structure.
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