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A Business Model Should Consist of Four Elements
A Business Model Should Consist of Four Elements
Components identified
Economic
Social
Technology
Market place
Ethical
Environmental
“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to
be more productive than energy devoted to patching leaks.”- Warren buffet.
One of the key reasons for concurrent research and enlightenment is to address weakness in the
various roles of the global organisation whether any roles are changing in order to implement or
create, roles or sectors to checkmate these changes. Most employees have some weaknesses in
their workplace skills. An enlightenment program allows you to strengthen those skills that each role
needs to improve. A development program brings both employer and employees to a higher level so
they all have similar skills and knowledge. This helps reduce any weak links within the company who
rely heavily on others to complete basic work tasks. Providing the necessary training creates an
overall knowledgeable staff with employees who can take over for one another as needed, work on
teams or work independently without constant help and supervision from others. This improves
performance and generates innovation in the ethics, economic, culture social, and even the
technological aspects of the organisation