Thinking about Business Models
by Thiyagarajan Maruthavanan (Rajan)
In most simplistic terms a business is about value creation and a business model refers to value capture function of the person/organization coordinating the value creation. Peter Rip (who writes interesting posts about entrepreneurship and I always find good takeaways from him) has a very detailed diagram which captures his thought process when he thinks about business models. The diagram is a little complex but it is definitely worth spending time and understanding it.