Building Business Model Flashcards
A company’s primary strategy for operating profitably that includes descriptions of the products or services, the target users, and expenses.
Business Model
a great tool to understand your own business model in a straightforward and structured way.
Business model canvas
Using it will help gain business insights about the customers you serve, what value propositions are offered, and how your company makes money.
Business model canvas
The network of suppliers and partners that make the business model work
Key Partnership
Factors important when forming partnerships
Right Partnership Agreements Defining expectations Impact on your clients Win-win Situation Selecting partnerships
A partnership where all owners are active contributors of managing the business
General Partnership
A partnership that has at least one general partner, and can have limited partners that have defined contributions and gains according to their contribution.
Limited Partnership
A partnership that operates as a general partnership however owners are not liable to other owners’ financings.
Limited Liability Partnership
A partnership that operates like a limited partnership however owners are not liable to other owners’ financings.
Limited Liability Limited Partnership
It is what the company must do to make the business model work
Key Activities
types of key activities
Platforms / Networks
Production
Financial
Problem Solving
Most important assets you need to have for your business model to function effectively
Key resources
the tangible resources which the organization uses to create value offering and value proposition to its customers.
Physical Resources
The people who make up the workforce
Human Resources
Intangible resources brand, patents, copyrights, and even partnerships
Intellectual Resources
The resources from which the enterprises obtain the funds they need to finance their investments, capital, and current activities.
Financial Resources
the foundation for understanding how the product will be valued by the target users
Customer Value Proposition
Customer value proposition criteria
Product Segment Price Value Competition
a key building block of business model canvas which defines the kinds of relationship you form with each of your customer segments
Customer Relationship
A category of customer relationship that pertains to human interaction between a real company representative and customers
Personal Assistance
A category of customer relationship that pertains also to human interaction between a real company representative but with a specific customer
Dedicated Personal Assistance
A category of customer relationship that all necessary means for the customers to help themselves are provided by the company and there is no maintenance of direct relationship with customers
Self-service
A category of customer relationship that is a sophisticated form of customer self-service integrated with automated processes.
Automated Services
A category of customer relationships that maintains a platform (Community) to exchange knowledge and solve problems.
Communities
