Significance of Developing a Business Model for an Organization

DQ # 2 Creating Shared Value
Name
Institution
Significance of Developing a Business Model for an Organization
Developing business models guides companies to generate its share worth of its shareholders and society. Business models help to describe the foundation in which an organization creates captures and delivers its operations to gain its worth. These features include value proposition, the main activities, resources, and partnerships among others.
The Components from the Available Models Is Most Applicable To Your Organization, and Why
The second business model is most applicable to my organization because it is a model that considers low-income individuals as much as it is a profit -making venture. This type of social endeavor greatly contribute towards alleviating poverty as it incorporates low income individuals within the community in its value chain without losing focus on the business goal. It is preferable because it portrays a socially owned busine...