hybrid business model

A hybrid business model combines elements from different business strategies to create a unique approach. For example, a company might mix online sales with traditional retail, allowing customers to shop both in-store and online. This model can also blend various revenue streams, like selling products and offering subscription services. By integrating multiple methods, businesses can appeal to a broader range of customers, respond quickly to market changes, and optimize their operations. This flexibility often leads to increased resilience and competitiveness in today’s diverse market environment.