Based on your previous studies and experience, draft a mind map around the concept of business model. What do you think it consist of? What are the key elements? How are these elements connected? Do you have experience of what kinds of business models exist?
The result should be an honest description of the current state of your knowledge on business models. The end result should be visual map, but this map can be complemented with text if you wish so. Some instructions on how to draw a mind map can be found from:
The intention of this exercise is to get an overview of where we are, what do we know and what information is still missing. This assignment will not be evaluated based on the extensity of your knowledge, but on your ability to identify your current knowledge.