Business Models
A business model is a conceptual framework that describes how an organization creates, delivers, and captures value, typically outlining its revenue streams, cost structure, target customers, and value proposition. It serves as a blueprint for how a company operates and generates profit, often visualized through tools like the Business Model Canvas. In technology and software development, understanding business models is crucial for aligning technical decisions with commercial goals and market needs.
Developers should learn about business models to better understand the commercial context of their work, enabling them to build products that align with revenue strategies and customer acquisition. This knowledge is particularly valuable for roles in startups, product management, or when contributing to business-critical features, as it helps in making informed technical choices that support scalability, monetization, and market fit.