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A simple dumbwaiter is a movable frame in a shaft, dropped by a rope on a pulley, guided by rails; most dumbwaiters have a shaft, cart, and capacity smaller than those of passenger elevators, usually 45 to 450 kg (100 to 992 lbs.) [2] Before electric motors were added in the 1920s, dumbwaiters were controlled manually by ropes on pulleys. [1]
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
Articles relating to business models, the rationale of how an organization creates, delivers, and captures value, [1] 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 strategy. [2
Enterprise modelling is the process of building models of whole or part of an enterprise with process models, data models, resource models and/or new ontologies etc. It is based on knowledge about the enterprise, previous models and/or reference models as well as domain ontologies using model representation languages. [3]
When an organisation creates a new business model, the process is called business model innovation. [ 63 ] [ 64 ] There is a range of reviews on the topic, [ 62 ] [ 65 ] [ 66 ] The concept facilitates the analysis and planning of transformations from one business model to another. [ 66 ]
According to lore, Thomas Jefferson invented the device, which was known as a "dumbwaiter", for his daughter Susan. Regardless of the origins of the name, by 1917 it was advertised in Vanity Fair [ 4 ] as "Ovington's $8.50 mahogany 'Revolving Server or Lazy Susan ' ", [ 5 ] but the term's use predates both the advertisement and, probably, the ...
Business executives and architects usually discuss the relative importance of different business capabilities from the strategic perspective, identify the capabilities requiring the most significant enhancements in the long run and then employ the so-called technique of heatmapping, i.e. explicitly highlighting or color-coding the business ...
Business strategy drives selection of business models. These business models drive the design of underlying processes and services. Business Analysis is critical: Any number of models can address a strategic imperative. But the best models, services and processes will exploit existing business capabilities (human, IT and physical), the areas where change is possible and the areas where invest