What Is the Role of Communities of Practice in Valuing

question 70

Short Answer

What is the role of communities of practice in valuing and sharing tacit knowledge?

---

Definitions:

Unit Sales

The quantity of items sold or number of services provided by a business in a given time period.

Revenue Model

A framework for generating financial income, identifying which revenue source to pursue, what value to offer, how to price the value, and who pays for the value.

Flat Fee

A pricing structure that charges a single fixed fee for a service, regardless of usage or time expended.

Franchising Revenue Model

Earning revenue by selling franchises of an existing business to allow another party to trade under the name of that business.