Proceedings of the International scientific and practical conference ―Science, Technology and Culture: Interaction, Evolution and Progress‖ (December 21-23, 2025) / Publisher website: www.naukainfo.com. – Copenhagen, Denmark, 2026. – 161 p.

26 companies. It also focuses on methodology and conceptual foundations, connecting with concepts such as application, principle, aim, relation and researcher. And it is also connected with areas such as entrepreneur, corporate social responsibility, barrier and future research [7]. Conclusion A business model is part of every business. A business model represents the strategy of a business and its management, regardless of its scope and content. This model characterizes the relationships with the environment and logically displays the relationships of internal processes, their functioning and a clear and logical arrangement in the business. Business models present a concept of businesses that characterizes their approach to customers and the value (innovation) of products for them. It characterizes the resources, activities and other elements necessary for the realization of this value. A business model helps to imagine, design and improve the functionality of the business, economy, competitive advantage and others for the further development of innovations and sustainability. Acknowledgments This publication was created with the support of the project VEGA 1/0513/25 "Business model of innovations based on the principle of sustainability". REFERENCES: 1. Magretta, J. (2002). Why business model matter? Harvard Business Review, May, 2002. 2. Slávik, Š. et al. (2014). Podnikateľské modely. Vydavateľstvo EKONÓM, 2014. 3. Afuah, A. (2004). Business Models. A Strategic Management Approach. McGraw-Hill/Irwin, New York 2004, 456 p. 4. Wheelen, T. L.; Hunger, J. D. (2008). Concepts on Strategic Management and Business Policy. 11th Edition, Pearson Prentice Hall, New Jersey 2008, 110 p.