The Business Model Canvas is a tool for strategic management and entrepreneurship that is used to create, develop, and analyse business models. It is a picture with nine parts that show the most important parts of a business.
The Business Model Canvas is made up of nine parts:
Customer segments are the different groups of customers that a business serves or wants to serve.
Value Proposition: The unique value that a business gives to its customers.
Channels are the ways that a company gets its goods or services to its customers.
Customer relationships are the ways in which a business interacts with its customers.
Revenue streams are the various ways a business makes money.
Key resources are the things a business needs in order to make, improve, and sell its products or services.
Key activities are the things a business needs to do to make, improve, and sell its products or services.
Key partnerships are the people or companies that a business needs to work with to make, improve, and sell its goods or services.
Cost structure is the cost of making, developing, and delivering a product or service by a business.
The Business Model Canvas is a useful tool for entrepreneurs and businesses of all sizes and stages of growth. It makes it easy to see how the main parts of a business model work together and can be used to find strengths, weaknesses, and places to improve. By looking at each part of the Business Model Canvas, a business can learn more about its customers, its value proposition, and the resources and activities it needs to use to create and deliver value to its customers.
Usage
It is used in management strategy/entrepreneurship
