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Business Model

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    Business Model

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    The Business Model Canvas is a strategic management tool, which allows us to develop and sketch out new or existing business models. It is a visual template pre-formatted with the nine blocks of a business model.Formal descriptions of the business become the building blocks for its activities. Many different business conceptualizations exist; Osterwalder's work and thesis propose a single reference model based on the similarities of a wide range of business model conceptualizations.With his business model design template, an enterprise can easily describe their business model.
    Partner Network:
    The business alliances which complement other aspects of the business model.
    Key Activities: The activities necessary to execute a company's business model.
    Key Resources: The resources that are necessary to create value for the customer.
    Value Proposition:The products and services a business
    offers. Quoting Osterwalder (2004), a value proposition "is an overall view of .. products and services
    that together represent value for a specific customer segment. It describes the way a firm differentiates
    itself from its competitors and is the reason why customers buy from a certain firm and not from another.
    Customer Segments: The target audience for a business' products and services.
    Channels: The means by which a company delivers products and services to customers. This includes the company's marketing and distribution strategy.
    Customer Relationship: The links a company establishes between itself and its different customer segments. The process of managing customer relationships is referred to as customer relationship management.
    Cost Structure: The monetary consequences of the means employed in the business model.
    Revenue Streams: The way a company makes money through a variety of revenue flows. A company's income.
    This App helps you generate a business model using the canvas of nine blocks.Hit each block to enter ideas/points.

    Tags: business model , business key activities

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