High-tech companies are struggling to transform their traditional business models of shipping hardware products or packaged software to more complex business models of providing new services based on cloud computing, new Accenture (NYSE: ACN) research has found.
A business model is the rationale of your business organization. It shows how your company creates, delivers and captures different forms of values-economic, social etc.
The business model presents core aspects of business-purpose, offering, strategies, infrastructure, organizational structures, trading practices, operational processes and policies. All successful ventures need a clear business model, and any qualified investor will want to see it before making an investment.