Business model mapping is a useful technique for developing strategy for firms:
A)In mature industries
B)In technology-based industries
C)Which inhabit complex business ecosystems
D)Which are seeking venture capital funding

Question

Quizplus · Accepted Answer

Business model mapping is particularly useful for firms that operate in complex business ecosystems where there are multiple stakeholders and dependencies. This includes industries such as healthcare, education, and government where there are many regulatory requirements, intermediaries, and other factors that affect the firm's ability to create value. Mature industries may have established business models that are well understood, while technology-based industries may have rapidly evolving business models that require frequent updates, so these may not benefit as much from business model mapping. Venture capital funding may be a consideration for firms looking to grow, but it is not necessarily a determining factor in whether business model mapping is useful.

Business Model Mapping Is a Useful Technique for Developing Strategy