Observe an Organization, Discern its Business Model
In an earlier post I said Development Entrepreneurs can go through iterative OODA (Observe, Orient, Decide and Act) cycles to pursue reforms. When a DE works with organizations (as DEs often do), he can start by Observing the Business Model of that organization. A business model describes how parts of the organization work together to provide valuable services and products to clients so that it earns enough income to survive and grow. All organizations, even public ones, have a business model – after all they offer value to clients though services or products, earn revenues in some way, work with partners using key resources, and they certainly have cost components. In their book “Business Model Generation” by, published by John Wiley and Sons, Inc., Hoboken, New Jersey, © 2010, Alexander Osterwalder and Yves Pigneur define the nine components of a business model as: 1. Customers 2. Value Proposition 3. Relationships 4. Delivery mechanism or channels 5....