My findings suggest effective business models are made known to have “strategically unified network-enabled practices that involve all participants.”
A sustainable business model links detailed financial and non-financial procedures in a coherent structure to explain how the business’s activities build value.
The business model puts out solid plans that can be tested through statistical analysis that provides long-term foundation for determining management performance and allowing reward benefit.
The risks facing an organisation are all-encompassing and include all aspects of its activities for examples its operations, finance, reputation and intangibles elements, legal and regulatory, etc.”
Although the business model provides a stimulating structure for identifying risks, its administration can actually resolve impending problem through “stress testing key linkages and assumptions”.
As a result, the management can then develop precise and in depth risk management applications around all critical issue to reduce risk exposure.