A business model describes the rationale of how an organization creates, delivers, and captures value
The business model acts like a blueprint to execute the strategy. The nine basic building blocks are: (1) Customer Segments, (2) Value Propositions, (3) Channels, (4) Customer Relationships, (5) Revenue Streams, (6) Key Resources, (7) Key Activities, (8) Key Partnerships, and (9) Cost Structure.