What are the components of a business model?

1. Value creation. What is offered and how value is created for the buyer; how their needs are met. 2. Value configuration. How various interdependent resources and activities in the value chain are organised. Explains what activities create value, how they are linked and what (internal or external) participants perform them. 3. Value capture. The cost structure of resources and activities, and the source(s) of revenue.