Top definition
A business model in which a company may have great offerings, but does not necessarily great profits due to a lack of stratedgy or how the business is run.

Outlined in an episode of South Park, where gnomes are stealing the town's underwear. The gnome's plan is to...
Step One: Collect underwear.
Step Three: Profit.
WebMD's underwear gnome economics.
Step One: 'Provide connectivity and a full suite of services to the healthcare industry that improve administrative efficiencies and clinical effectiveness enabling high-quality patient care.'
Step Two:
Step Three: Profit.
by -Razor May 20, 2008
Mug icon

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

Buy the mug