A sustainable business model or SBM is a proposal to be designed by the company owner or manager to describe, analyze, manage and communicate important points about the company. In the SBM proposal, the company must be able to talk about its sustainable value proposition to all its stakeholders, it should be able to create and deliver the value, talk about how it shows economic value while also keeping its natural, social, and economic capital.
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If you remember the life before the 1990s, there were no smartphones, computer systems, the internet, and the world wide web. If a person has to communicate a special message to their relative or friend then they would book train tickets and meet that person at home or write a letter by hand. However, with the technology development and introduction in India, things started evolving and changing nature.
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Now if you just go out, everyone from a ragpicker to a rich businessman owns a mobile phone, the cost and model of the same may differ but each one has a mobile with a working SIM and also internet connection on the phone if needed. That’s a sustainable business model that the technology industry has come up with that regenerates, redevelops, redesigns relaunches to suit each type of customer and their needs with a cost that fits the budget of the customer.
If you are a businessman working in any industry, then you should come up with such kind of a product that runs for years and doesn’t get replaced immediately. Like books even if e-books and websites have come in place haven’t got replaced for centuries. It is because there is still a lot of comfort and easiness that one gets in reading a book on his hand or lap while sleeping or traveling without any battery charge or fear of getting spoiled, that cannot be replaced that easy for everyone and all age-groups.
