A business model is your formula to define what value you will give to your customers and it describes how you will deliver this. It should continually adapt with your business.
All business models share three common elements:
2.Value creation and delivery (through value configuration) and
3.Value capture (the revenue model).
The value proposition is not the “What?” or the “Who?”. It is the “Why?”.
The Value configuration describes:
A revenue model is a description of how exactly revenues are generated now and over time. It identifies: