Business models a strategic management approach by allan afuah represents a new kind of book business models are about making money and most firms are in business to make money a profit it is therefore no surprise that the phrase business model is increasingly finding its way into ceo speech after speech and in business school functional . A conceptual model is built from a role based business ecosystem modeling approach to provide a business model representation of the cl business ecosystem able to identify and explore the . Basic strategic management model in addition to creating specific components of a strategic management model unique to their businesses many management teams follow a general multi stage approach. The strategic management model or strategic planning model as it is also known is a tool used by managers to plan and implement business strategies although there are variations of the strategic management model most are divided into six stages understanding these six stages will help managers to create and
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