The business model provides an explanation of an organization's 'recipe for success'.

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The business model is a framework that outlines how a company creates, delivers, and captures value in its operations. It defines the key elements of a company's strategy and explains how it generates revenue, manages costs, and creates shareholder value. In this way, the business model provides an explanation of an organization's 'recipe for success' by outlining the fundamental principles and tactics that underpin its success.

The Business Model Provides an Explanation of an Organization's 'Recipe