CIMA E2 Syllabus A. Business models and value creation - The concept of value - Notes 2 / 9
What is value?
It is not just sales and profit, it is how the needs of the people are met
It goes beyond shareholders and includes all the participants of an ecosystem, therefore there are more parties than shareholders that will benefit from created value.
It incorporates both financial and non-financial aspects
It incorporates both tangible and intangible aspects
It deals with the past, present and future
It covers both the short term and the long term
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Syllabus A. Business models and value creation
A2. The elements of business models
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Syllabus A. Business models and value creation
A2. The elements of business models