What are the eight key components of an effective business model?

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The eight key components of an effective business model are:

value proposition

revenue model

the market opportunity for the firm (the market space and how big it is)

the competitive environment for the firm (who the competitors are in the market space)

competitive advantage the firm brings to the marketspace (the unique qualities that set the firm apart from others in the market space)

market strategy the firm will use to promote its products and services

organizational development of the firm that will enable it to carry out its business plan

capabilities of the management team to guide the firm in its endeavors

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