chspter 5 Flashcards
What is a Business Model?
Business model: plan for how venture is started, will make value for stakeholders, and how it will get money
desirability, feasibility, and viability of a company
Business plan is more for financing and operations
Value Proposition
Why customers choose them over other options
(design, price, brand, customization)
Customer Segments
How customers are grouped and handled
(cheap, on the move)
Channels
How services/products are provided
(stores/online/wholesale)
Customer Relationships
How business keeps relationships with customers and grows to boost sales
(self-service/assistant/user communities)
Revenue streams
How money actually comes in
Fixed and ongoing payments
(fees/subscriptions/tickets/advertising)
Key Resources
Resources that allow business to function
Physical/ financial, intellectual, human
(
Models)
Key Activities
Important tasks that companies succeed in to operate successfully
(problem solving/production/quick turnarounds)
Key Partnerships
Companies others work with to boost productivity
Noncompetitors, coopetition, competitors, joint ventures, buyer-seller relationships
Cost Structure
All costs that business face
Fixed, variable, economies of scale, economies of scope
