Business model navigator 2.0

Question 1

Integration

Answer 1

The output of this step is a consistency check of the formulated assumptions of the newly designed business model.

• External consistency
• Internal consistency

describing your new business model in detail on the basis of these four dimensions. here a detailed checklist:

Question 2

External consistency

Answer 2

Refers to the fit between your new business model and the company’s environment.

Question 3

Internal consistency

Answer 3

presenting a harmony between WHOWHATHOWVALUE. You can do this by describing your new business model in detail on the basis of these four dimensions.
The most crucial ones:
does the new business model fit to our core competencies? what competencies are missing?
who can be a partner to fill the gap?

Question 4

Implementation

Answer 4

It is important to de-risk your business model ideas. To do that you need testing. It is crucial to get early feedback from stakeholders in order to improve the business model along the way and to ensure its overall potential.

Question 5

Steps for implementation:

Answer 5

1.developing a business model concept
2. identifying the underlying assumptions
3.building falsifiable hypotheses
4.choosing a test format
-problem/ solution interview
-paper prototype
-picnic graveyard (finding out
-flyer
-event
-online ad campaign
-survey
-piecemeal MVP (putting
together a functioning demo
by using tools and services
that already exist to deliver
the experience)
5. developing the test set up
6. executing the test
7. analysing the test results and updating the business model concept