Understanding Business & Career Development

The video emphasizes the importance of understanding general business practices for career development. It explains how business models vary in their value delivery and exchange, using examples like service providers, nonprofits, and platforms like Facebook. The video highlights the roles of individuals directly and indirectly involved in value delivery and stresses the importance of networking and understanding different business functions for professional growth.

What is the significance of understanding different business models in the context of value exchange?

How can knowledge of a specific business's functions aid in the interview process?