The Business Model Canvas – 9 Steps to Creating a Successful Business Model – Startup Tips
The Business Model Canvas, is a strategic management and entrepreneurial tool. It allows you to describe, design, challenge, invent, and pivot your business model.
The Business Model Canvas is comprised of 9 key segments:
The left hand section of the Business Model Canvas is the Infrastructure section and comprises three key areas:
Key Activities: The most important activities in executing a company’s value proposition.
Key Resources: The resources that are necessary to create value for the customer.
Partner Network: In order to optimize operations and reduce risks of a business model, organization usually cultivate buyer-supplier relationships so they can focus on their core activity.
The middle section of the canvas describes the business offering and is the value proposition delivered to different customer segments.
Value Propositions: The collection of products and services a business offers to meet the needs of its customers. According to Osterwalder, (2004), a company’s value proposition is what distinguishes itself from its competitors. The value proposition provides value through various elements such as newness, performance, customization, “getting the job done”, design, brand/status, price, cost reduction, risk reduction, accessibility, and convenience/usability.
The value propositions may be:
Quantitative – price and efficiency
Qualitative – overall customer experience and outcome
The right hand side of the Business Model Canvas describes the customers, the channels through which you deliver services and and the relationships you have with your customers.
Customer Segments: To build an effective business model, a company must identify which customers it tries to serve. Various sets of customers can be segmented based on the different needs and attributes to ensure appropriate implementation of corporate strategy meets the characteristics of selected group of clients.
Channels: A company can deliver its value proposition to its targeted customers through different channels. Effective channels will distribute a company’s value proposition in ways that are fast, efficient and cost effective. An organization can reach its clients either through its own channels (store front), partner channels (major distributors), or a combination of both.
Customer Relationships: To ensure the survival and success of any businesses, companies must identify the type of relationship they want to create with their customer segments.
The bottom section of the canvas describes the finances.
Cost Structure: This describes the most important monetary consequences while operating under different business models. A company’s DOC.
Revenue Streams: The way a company makes income from each customer segment.
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If you are interested in sustainability issues then check this video out
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The Sustainable Business Model Canvas https://youtu.be/gVimMEI2u2w
See business model case studies here
Good way to learn- ariful from Oxford college of slough uk
This 9 steps to creating a successful business model includes all the economical segments. Perfect!
This Video is like Striking Gold.👏🏾
Wow. Beautiful ❤❤🎉🎉🎉
The conclusion you can draw from the video above is that in order to successfully build and manage a startup, it is crucial to understand and integrate the nine key elements of the Business Model Canvas (BMC). These elements include a clear value proposition, proper customer segmentation, effective distribution channels, customer relationships, diverse revenue streams, as well as the necessary key resources and activities. Additionally, it is also important to understand the required partnerships and the existing cost structure. A deep understanding and direct research with customers will help refine the business model to suit market needs and create a sustainable business.
Hi everyone, I have a case like this: The CEO of company X wants to build X as a retail chain with coverage of the entire country Y (this is the business model). The operating model is: Company X is a holding company covering the entire country Y and establishes 3 level 1 subsidiaries covering 3 regions, 10 level 2 subsidiaries covering several large provinces and cities of each region. Question: Are the business model and operating model defined correctly?. Thank you.
Informasi yang disampaikan dalam video ini sangat bermanfaat dan informatif. Konten videonya berkualitas tinggi dan memberikan banyak manfaat. Business Model Canvas (BMC) memberikan gambaran menyeluruh tentang semua aspek produk. Meskipun awalnya dirancang untuk meluncurkan satu produk, alat ini juga sangat efektif untuk produk dalam perusahaan besar. Keunggulan BMC terletak pada kemampuannya untuk mengkonsolidasikan semua hipotesis kita, mulai dari kelayakan hingga distribusi, dalam satu kerangka kerja. Namun, untuk mengidentifikasi peluang yang signifikan dengan hanya mengandalkan BMC, diperlukan pertimbangan yang cermat.
things that I can conclude from the canvas business model.The information presented in this video is very useful and informative. The video content is high quality and provides many benefits. The Business Model Canvas (BMC) provides a comprehensive overview of all aspects of the product. Although originally designed for launching a single product, this tool is also very effective for products in large companies. The advantage of BMC lies in its ability to consolidate all our hypotheses, from feasibility to distribution, in one framework. However, to identify significant opportunities using BIMC alone, careful consideration is needed.

Informasi yang diberikan vidio ini sangat bagus dan informatif.Konten videonya sangat bagus dan sangat bermanfaat. Business Model Canvas menawarkan pandangan komprehensif tentang seluruh aspek produk. Awalnya dirancang untuk meluncurkan satu produk, alat ini juga sama efektifnya untuk produk dalam perusahaan besar
Video ini menekankan pentingnya memahami model bisnis secara menyeluruh sebelum meluncurkan startup. Setiap elemen saling terkait dan harus diuji secara berkelanjutan melalui interaksi dengan pelanggan untuk memastikan keberhasilan. Penting untuk memahami bahwa idea awal mungkin berkembang seiring berjalannya waktu, dan keberhasilan bergantung pada adaptasi dan iterasi yang didorong oleh data dan pemahaman pelanggan.