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A business strategy is a set of competitive moves and actions that a business.
Project management involves the planning and organization of a company's resources.
Market research is the process of determining the viability of a new service or product.
Working capital management is a strategy that requires monitoring a company's.
Human resources is the set of people who make up the workforce of an organization.
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A profitability model, or profit model, is a plan or prediction (based on financial data) for how your business will make a profit. It incorporates sales, cost of goods sold (CoGs), overhead (fixed and variable costs), other expenses, and debt.
Other experts define a business model by specifying the main characteristics of a good one. For example, Harvard Business School's Clay Christensen suggests that a business model should consist of four elements: a customer value proposition, a profit formula, key resources, and key processes.
In its simplest form, a business model provides information about an organization's target market, that market's need, and the role that the business's products or services will play in meeting those needs. Business model innovation, then, describes the process in which an organization adjusts its business model.