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Running Header: EVOLUTION IN BUSINESS LANDSCAPE 2

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Introduction The 20th centaury is more on the dark ages compared to the 21st century. There are various types of businesses including corporate firms, private firms, charity organizations and entrepreneurial business models (Osterwalder, Pigneur & Tucci, 2005). Even though it can still work, depending on the type of businesses, however, it is necessary to understand that old business models are not enough.

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