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Broadly speaking, a business model describes the rationale of how an organization creates, delivers and captures value.
According to Osterwalder and Pigneur "a business model describes the rationale of how an organization creates, delivers, and captures value" (Osterwalder and Pigneur, 2010 p.14).
The conceptual construct used in this study considers a BM as "the rationale of how an organisation creates, delivers and captures value" or, in other words, as "the organisation's core logic for creating value" (Linder & Cantrell, 2000: 12000
A business model is simply a 'description of how your business intends to operate and make money', or as Alexander Osterwalder, co-author of the book Business Model Generation, describes; 'A business model describes the rationale of how an organization, creates, delivers and captures value.'.
The conceptual construct used in this study considers a business model as "the rationale of how an organisation creates, delivers and captures value" (Osterwalder et al., 2005:14) or, in other words, as "the organisation's core logic for creating value" (Linder & Cantrell, 2000).
In particular, the derivations of various kinetic rate constants from experimentally measured quantities are nontrivial and the manuscript often relied on citations of previous papers rather than explaining clearly the rationale of how these rate constants are derived.
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We highlight the rationales of how to design smart nanocarriers responsive to physiological and external stimuli to improve the delivery efficiency, targeting precision and gene silencing efficacy.
The researchers spent time with each child as they explained the significance of each photo and listened to the child's rationale of how they classified each photo.
2.2 gives a rationale of how selection processes in the basal ganglia are modelled here and Sect.
The study included examining a professional 'hypothetical perspective' and an 'in-vivo patient perspective', and investigated how the rationale of the DT-interview was perceived in different clinical settings.
Ocular treatment varies greatly between centres, not only according to the expertise and equipment available in each centre but also according to the rationale of treatment, which depends on how treatment is believed to influence survival.
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