| Summary: | The present article presents the analysis of a
number of relevant sources for a better understanding
of the business model concept, its evolution,
prior to describing the major trends that affect the
theory and practice of the concept. We approach the
business model as a simplified description of how a
company does business and earns money without
having to go into the complex details of all strategies,
processes, units, rules, hierarchies, work flows and
corresponding systems. For a better conceptual
perception of the business model, we considered it
important to highlight its components. In this line of
thinking, we analyse various opinions on the business
model components. Worth mentioning is the fact that
business models are constantly evolving as companies
react to changes.
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