A company’s strategy is a “work in progress” and evolves over time

The difference between a company’s business model and a company’s strategy

The business model relates to management’s blueprint for delivering a valuable product or service to customers in a manner that will generate ample revenues to cover costs and yield an attractive profit while its strategy relates to the companies competitive moves and business approaches (which may or may not lead to profitability)

A company’s strategy is a “work in progress” and evolves over time

The need to react and respond to changing market and competitive conditions and ongoing management efforts to improve this or that piece of the strategy

Good strategy and good strategy execution are the most trustworthy signs of good management

A company’s business model sets forth how its strategy and business approaches will create value for customers while at the same time generating ample revenues to cover costs and realize a profit