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Usually a written document backed with spreadsheets or other supporting numerical works, a business plan is one of the best known forms of a business model. However, any model that can help define, analyze or predict the outcome of a venture is a business model.
For an established business, executives and managers will look ahead at a forthcoming period and create a plan designed to set out the intent for that period. These plans are business models that typically drive a budget (a model through which the business can be controlled and tracked).
Finally, business models are used to assess the health of a business by analyzing historical data and using it to assess the performance of the business and to diagnose problems and find opportunities...
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