Business Model Canvas: A Snapshot of Your Business Strategy

 What is a Business Model Canvas?

The Business Model Canvas is a strategic management tool that allows businesses to describe, design and guide their business model in an understandable form. Business Model Canvas is a visual framework covering nine critical business ingredients to help businesses or organization come and align their activities and strategies.

This tool helps business owners load complex strategies into a simple format. This in turn acts as a manual for various startups and scale-ups to measure their current model against these measures and further plan out the future decisions.




Components of the Business Model Canvas

  • Customer Segments: Who are your customers?
  • Value Propositions: What value do you deliver to the customer?
  • Channels: How do you reach and deliver your product/service to customers?
  • Customer Relationships: What type of relationship do you maintain with your customers?
  • Revenue Streams: How does your business make money?
  • Key Resources: What resources are necessary to deliver your value?
  • Key Activities: What are the main tasks your business performs?
  • Key Partners: Who are your critical partners or suppliers?
  • Cost Structure: What are the major costs involved?




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