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Business System, Model & the What is strategy?

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Business System, Model & the value chain§  A business system is the chain of activities through which a product isdeveloped, produced and delivered to its end-customers.§  A business model describes the way a company has selected to exploit itscapabilities, relative to the industry characteristics.§  The value chain is the chain of activities through which a product isdeveloped, produced and delivered to it end-customers, when done by onecompany.Adapted from Prof. Xavier Gilbert & Jim Pulcrano, IMDVersion 3.2 March 201145 © Marc Sniukas

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