Copyright 2014 Nikolas S. Boyd. Permission is granted to copy this document provided this copyright statement is retained in all copies.
In the context of this Model, a Business
creates (or intends to create) Value for its constituents, esp. shareholders in for-profit ventures.
A business tends (or intends) to create value for its shareholders (if for-profit) and its constituents (those otherwise served and interested), whether the business is conducted for a profit or not.
Value creation results from changes to (or improvements in the quality of) the world as effects. Sometimes, the value of these changes results in monetary exchanges, i.e., someone pays for the benefits received. Sometimes, the value is intrinsic to the changes themselves.