Business

Difference between business model and strategy
Business model is a framework of an organization that mainly aims at increasing the profit of the organization. Strategy is a framework of performance. Hence the goal of both business model and strategy is to take an organization to a much better position than it is presently in. However business model looks at the money aspect of the organization, whereas the strategy looks at the aspect of how to increase the productivity level of the organization and accelerate the satisfaction level of the customers so that the organization has an edge over its competitors. Based on the strategy the business model is designed so that the profit maximization is possible without any hiccups. If there is no strategy, deciding upon the business model is not possible for the managers. Hence strategy precedes a business model in all organizational planning. Strategy is laying down rules and regulations of performance while business model is implementation of those strategies. Business model entails how the strategies are implemented, which strategies are of high priority and when a particular strategy would be implemented so that maximum customer satisfaction is attained.

Difference between business model and revenue model
Business model can be termed as one of the trees while the revenue model can be termed as one of its branches. Business model aims at money making of which there are different paths like advertising, auction, production, mark up, revenue generation etc. Since revenue generation is a part of profit making, just like planning for advertising, production etc. that involves different steps of execution, a model of revenue generation known as revenue model is designed so that the business model is complete in all aspects.