Elements and Performance Criteria
- Identify processes to be improved by the application of a new business model
- Appraise existing models
- Research new business models
- Select the appropriate model
- Select a business model that improves the business processes
- Develop performance benchmarks to measure the effectiveness of the chosen business model
- Model new business process or model and collaborate with other businesses
- Document the proposed business model according to business procedures
- Forward appropriate document to appropriate person for sign-off