The New Business Model Definition
A company’s business model is how it approaches the market in order to earn revenue and maximize its profits. Digital business models are a refinement of this business model definition focusing on digital products and services, along with internet-related businesses. In most cases, the digital business model evolved from traditional models (Blockbuster to Netflix) that have been adapted for the Internet or other digital channels. Some models have evolved and changed in the digital era, but they remain the children of earlier models.
