"A company is a business organization which sells a product of service in exchange for revenue and profit." Steve Blank [[Udacity - How to Build a Startup]] This definition by Steve Blank highlights a company's fundamental purpose, emphasizing the exchange of products or services for revenue and profit ([[learnius/eitt/03 Key Concepts/Concepts/for-profit organization]]). It might be useful to explore how different business models and industries impact this basic structure. Additionally, considering the role of innovation and customer value can provide a deeper understanding of what drives a successful company. ## References - [[Udacity - How to Build a Startup]]: [Lesson 3.1 What is a company](https://youtu.be/Gt-rwCUWfqw)