This document presents on the concept of a business model. It defines a business model as a firm's plan for how it competes, uses resources, structures relationships, interfaces with customers, and creates value. The key components of a business model discussed are: 1) Core strategy, including mission, product/market scope, and basis for differentiation. 2) Strategic resources like core competencies and assets. 3) Partnership network including suppliers and other partners. 4) Customer interface regarding target markets, fulfillment/support, and pricing structure. Developing a clear business model is important for focusing how all business elements fit together to form a viable enterprise.