Research Task 3

 Task three:


A business plan is a document containing business objectives and ways the business can achieve these objectives. A business plan lays out a written road-map for the firm from each of a marketing and financial standpoint.




A business model describes how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The process of business model construction and modification is also called business model innovation and forms a part of business plan I mentioned earlier. Business models are very useful to planning out how your business is going to make profit. 






A sustainable business model can be defined as a business model that creates, delivers, and captures value for all its stakeholders without depleting the natural, economic, and social capital it relies on. If stakeholders are not getting profits back from the business they are not going to want to invest. If the business model isn't good or sustainable no-one would want to buy into the business.  


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