What is the business model from the perspective of innovation and entrepreneurship?

Business model innovation refers to the change of the basic logic provided by enterprise value creation, that is, introducing new business models into the social production system to create value for customers and themselves. In layman's terms, business model innovation refers to enterprises making money in new and effective ways. The newly introduced business model may be different from the existing business model in terms of constituent elements, and may also be different from the existing business model in terms of the relationship between elements or the dynamic mechanism.

Simply put, the innovation of business model includes: 1 "Top Ten Shareholders of Consumers" model; 2 differentiation mode (the only way to build a blue ocean); 3 model innovation = copying ten improvements; 4 either focus on the high end or focus on the low end); 5 plus code mode (hook bait mode); 6 light asset model 7 reverse customer risk model. Innovative business model refers to the general name of business model based on modern management theory, grasping the core competitiveness of enterprises, making use of superior resources and boldly outsourcing non-superior links. The key to innovative business model is to understand the advantages of enterprises and strive to develop them into the core competitiveness of enterprise development, and at the same time, make use of the industrial division of labor system under the conditions of market economy to make enterprises go into battle lightly through outsourcing mechanism.