Zhuqing HU(Graduate Department of Business Administration 、 Aichi University)
Keywords: Business Model、 Competitive Advantages、 Customer Value、 Profit
Creation
JEL Classification Numbers: M00、 M30
The term business model has been used primarily as a description of how to create
innovation and sustainable competitive advantages until now. In this paper、we focus on
the relations between the business model and competitive advantages. First、 to clarify
the definition and components of the business model、 then use the case of the Xiaomi
Company as example and explain the four components of the business model. And after
having examine interrelations among the elements. Finally、also consider the possibility
of imitating the business model
