Activity/Assignment #4

Entrepreneurial Behavior
Prof. Beberly E. Poliran
November 28, 2022
BSENTOUMN 1 – 2
Tamondong, Samuel Ilijah A.

1. The strategy your company uses to generate revenue is called a business

model. It explains how you provide value to your customers at a reasonable
price. Describe your target market, the goods or services you intend to sell, and
any charges that may be necessary.

The business model enables entrepreneurs to model, test, and experiment with
various cost and revenue stream structures. If you're just getting started,
researching alternative business models can help you decide whether your idea
is workable, draw in investors, and direct your overall management strategy. It
provides a framework for creating financial predictions for existing
organizations, establishing milestones, and providing a starting point for your
business plan review.

2. STANDARD BUSINESS & DISRUPTIVE BUSINESS

- Standard business models show pre-existing schemes or methods that

organizations might employ to decide how to produce, distribute, and capture
value.

- Disruptive business models are uncommon and don't fit the mold of a typical
company model.

- They have an impact that is significant enough to disrupt or alter how a

sector of an industry or a key specialization within it conducts business.

3. Template for the Barringer/Ireland Business Model

Although opinions on the specifics of a business model vary, most people

concur that a successful business model has a certain set of characteristics.

It is simple to observe the distinct components and how they relate to one
another when these attributes are organized in a visual framework or template.

The following slide displays the Barringer/Ireland Business Model Template.