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Technological University DublinARROW@TU Dublin Academic ArticlesDesign and Printing20240808A Business Model for Communication Design Enterprises (Paper) Con Kennedy Technological University Dublin,
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A business model is a framework that outlines how a company creates, delivers, and captures value. It defines the core aspects of a business, including its target market, products or services, revenue generation methods, and cost structure.
Typically, businesses, especially corporations and partnerships, are required to file a business model to comply with regulatory or tax requirements, ensuring that their operational activities are transparent and legally recognized.
To fill out a business model, one must gather necessary information about the business operations, markets, revenue streams, strategic plans, and costs. This often involves using a business model canvas or specific templates provided by regulatory authorities.
The purpose of a business model is to provide a clear outline of how a business functions, serves its customers, and makes money. It serves as a guide for management decision-making and a communication tool for stakeholders.
The information that must be reported typically includes the business's value propositions, customer segments, marketing strategy, key resources, partner relationships, revenue streams, and cost structures.
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