business model
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business model
The way in which a company creates value, delivers it to customers, and generates revenue from it. It describes the basic logic of how a company works and earns money.
Das Geschäftsmodell vieler Zeitungen hat sich durch das Internet stark verändert.
The business model of many newspapers has changed significantly because of the internet.
The word is composed of 'das Geschäft' (business) and 'das Modell' (model). The 's' in the middle is a linking s that connects the two parts. Literally, it therefore describes the model of a business.
Ein gutes Geschäft braucht auch ein gutes Geschäftsmodell.
A good business also needs a good business model.
Common verbs used with 'Geschäftsmodell' (business model) are 'entwickeln' (to develop), 'aufbauen' (to build), 'ändern' (to change), and 'umstellen' (to switch/convert). You can also say 'ein Geschäftsmodell haben' (to have a business model).
Das Start-up muss sein Geschäftsmodell noch entwickeln.
The start-up still has to develop its business model.
Typical adjectives that describe a business model are 'erfolgreich' (successful), 'innovativ' (innovative), 'nachhaltig' (sustainable), 'digital' (digital), or 'profitabel' (profitable).
Die Firma hat ein sehr innovatives Geschäftsmodell.
The company has a very innovative business model.
business idea
Geschäftsidee initially describes the concept for a new business and its offering. Geschäftsmodell explains more precisely how the company creates value, reaches customers, and generates revenue. Geschäftsidee fits the basic plan, while Geschäftsmodell fits the specific economic logic.
Unser Geschäftsmodell sieht vor, mit einem Lieferdienst für regionale Lebensmittel durch monatliche Abos Geld zu verdienen.
Our business model is to make money by offering a delivery service for regional food through monthly subscriptions.
Unsere Geschäftsidee ist ein Lieferdienst für regionale Lebensmittel.
Our business idea is a delivery service for regional food.
