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Business Models

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What is the importance of a business model? What role should the business model play as the firm grows and improves its processes?

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Solution Summary

The solution discusses the importance of a business model and how it can improve process.

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Without a business model, the business will not have a guideline to follow. The model needs to be implemented, followed and changed in accordance with the environment. Let's look at ...

Solution provided by:
Jo Ann Prevetti, MBA, PhD (IP)
Education
  • Master of Business Administration, University of Phoenix
  • Bachelor of Science in Paralegal Studies, Kaplan College
  • Business Diploma, Katharine Gibbs Business College for Women
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