The Effective Business Model: some Theoretical and Practical Considerations

Mihaylova Lyudmila () and Papazov Emil ()
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Mihaylova Lyudmila: University of Ruse “Angel Kanchev”, Bulgaria
Papazov Emil: University of National and World Economy – Sofia, Bulgaria

Valahian Journal of Economic Studies, 2024, vol. 15, issue 2, 95-102

Abstract: Companies operating in the modern era must continuously adjust their activities in response to the ever-shifting reality of the market. This includes the effects of competition, customer demand for new products and services, and other factors. Under these conditions, it is of utmost importance to analyze the distinctiveness of business models. This study provides an overview of the most important methodological and practical components of business models that are used in the contemporary management of companies. This paper presents an overview of the business model, detailing its fundamental characteristics. It seeks to clarify the interconnections among business models, strategies, tactics, and operations in business development management. Finally, the paper focuses on factors that delineate a successful business model within the competitive landscape of complicated product offerings.

Keywords: Business Model; Business Model Context; Business Model Content; Business Model Success (search for similar items in EconPapers)
JEL-codes: M21 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:vaecst:v:15:y:2024:i:2:p:95-102:n:1008

DOI: 10.2478/vjes-2024-0018

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