A business model: what it is, and why it is important

A business model (BM) is commonly described as the rationale of how an organization creates, delivers, and captures value. In the FOBIA project’s quest for increasing competiveness of forestry service enterprises, one of the approaches is to promote the development of innovative BMs. This is important to stimulate entrepreneurship in all participating countries. For the Swedish case, development of BMs is vital for turning the current situation of the forestry …