This document provides an overview of developing an effective business model. It discusses the key components of a business model including the core strategy, strategic resources, partnership network, and customer interface. The core strategy section examines the mission statement, product/market scope, and basis for differentiation. Strategic resources analyzes a company's core competencies and strategic assets. The partnership network explores suppliers and key relationships. Finally, the customer interface delves into the target market, fulfillment and support options, and pricing structures. Developing a strong business model is important as it serves as an ongoing feasibility analysis and articulates how all business elements work together cohesively.