Most of us will know different frameworks or models for business models, like Osterwalder's business model canvas, Weill & Vitale's e-business models, Bouwman et al.'s STOF model, Gordijn's e3-value, etc. Most of these frameworks and models are relatively recent. Are there similar frameworks and frameworks from the past?
During a search for SWOT analysis, I came across a framework from Humphrey (see here). A further search on Humphrey brought me to his 'team action management' (TAM) business performance model (see here).
TAM describes six inter-related areas which have to be developed simultaneously for a business to be successful:
- Products & services: what are we selling?
- Process: how are we selling it?
- Customer: to whom are we selling it?
- Distribution: how does it reach them?
- Finance: what are the prices, costs and investments?
- Administration: how do we manage all this?
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