Business Model. The blueprints of how the resources, providers, clients, partners etc of a Business are organized.
The business model can be understood as the detailed architectural blueprint for a set of relationships and processes between external and internal actors. The business model describes the rationale of how an organization creates, delivers, and captures value
- Business Strategy is a high level planning tool that captures the vision, goals and objectives of the organization
- Business Plan is the ”flight manual” for the concrete and specified realization of a business model. It concerns a fixed time period and is based on an up-to-date assessment of the various market conditions.
- A Budget is a specific financial schedule that captures ex-ante only certain monetary aspects of the business plan
- Financial Statements capture ex-post the realizations of some financial variables related to the business plan
- A Business Process Model is a low level description that uses IT tools (e.g. UML language) to describe fairly precisely the actors, processes and data flows implementing the activities involved in a Business Model