Business Model The highest form of enterprise competition

Author: Li Zhenyong
Publisher:
Publish Date: 2006-10-10
Features: After experiencing two stages of factor-driven and investment-driven growth, Chinese enterprises are beginning to advance to a higher level. It is no longer an era where businesses can succeed solely based on a single product or technology, nor is it an age where a few small ideas or a single speculative venture can determine the outcome. To ensure survival and sustainable profitability, businesses must rely on systematic planning and collective strength, which is the design of a business model. In the future, competition will be about business models. Business model competition represents a higher form of corporate competition! A business model is a matter of life and death, success and failure for a company. To achieve success, businesses must start with the formulation of a successful business model, and this is especially true for newly established companies and those in the growth phase. A business model is the key to a company's competitive advantage.