Business modeling is crucial in business assessment. This helps in assessing the performance of business and eventual recognition (Kanji, 2012). Analysis of various business models helps in highlighting similarity and differences.
EFQM
It is meant to recognize Europe best performing organizations. The organization is either public, individual owned or does not make profit. Additionally, it recognizes those in leadership position with an exceptional track of success (EFQM, 2013). Such success may involve turning strategy into an action and continuously improving organizations performance. An organization that wins the award must demonstrate role model behavior in some of the attributes. These principles include adding value for customers, creating sustainable future, developing organizational capability, harnessing creativity, leading with vision, inspiration and integrity, managing agility, succeeding through the talent of people, and sustaining outstanding results (EFQM, 2013).