Business Context
Starting-up your business involves generating a number of complimentary models of your new enterprise. Your Business Model may set out the business value chain and where your enterprise will add value within it. Your Financial Model may set out your revenue streams, your cost structure, and your funding sources. These enterprise models typically address the 'what' of your business. However, once these are in place, it's also necessary to consider the 'how' of your enterprise. This is your Business Operating Model. Business Purpose How well you design your Operating Model will determine how effective and efficient your business operations are, and hence, how viable and sustainable your enterprise proves. Moreover, it is far easier and cost-effective to design your Operating Model during the start-up phase than when your business is already up and running. Business Benefits Designing your Operating Model at the outset is a good discipline for the entrepreneur as it obliges you to think through how your business will work. It allows you to consider the various operational options available to you, how they can be combined, and the related trade-offs that are involved in the decision-making process. |
Decision-Making
Designing your Operating Model makes for structured decision-making. For example ... Sales
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ICT
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