Business 4.0-A Changing Face of Business

Abstract

As a new business is established or founded, it exercises a carefully crafted business model which describes a number of internal business processes, work architecture, production ways, profit maximization techniques, fraud detection and many other techniques. The core of the business model depends on determining the way in which the business delivers value to the customers, attracts customers to buy the services, and then converting it into profits. The intent of profit or loss reflects the assumption of the management about the requirements and needs of the customers. The key reason for any business to excel and flourish is to pin point how to fulfil the needs and demands of the consumers. In this paper, we will discuss about the latest business model, Business 4.0 in depth and look at its future prospective.