Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The difference between a company's strategy and a company's business model is that Copyright by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website
The difference between a company's strategy and a company's business model is that Copyright by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and constitutes copyright violation. a company's strategy is its game plan for achieving operating efficiency while its business model is management's game plan for satisfying shareholder expectations for attractive revenue growth and excellent long-term profitability. a company's strategy concerns how it intends to deliver value to customers whereas a company's business model concerns how to deliver value to the owners of the business. the strategy concerns how to compete successfully and the business model concerns how to operate cost-efficiently. its strategy is defined by the specific market positioning, competitive moves, and business approaches management employs to try to produce good business results while its business model relates to management's blueprint for delivering a valuable product or service to customers in a manner that will generate revenues sufficient to cover costs and yield an attractive profit. a company's strategy concerns how to differentiate its product offering from the offerings of rival companies while its business model concerns how to operate cost-efficiently and profitably.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started