Sem 1 Week 2a Flashcards
Business Model Canvas
1
Q
What is the definition of a business model?
A
A business model describes the rationale of how an organization creates, delivers and captures value. In mathematical terms, the business model represents the derivative of the organization’s strategy
2
Q
What are the 9 building blocks for the business model canvas?
A
-key partners
-key activities
-key resources
-Value propositions
-Customer relationships
-Channels
-Customer Segments
-Cost structure
-Revenue Streams
3
Q
What are the 4 main areas of business?
A
customers, the ‘offer’, infrastructure and financial viability
4
Q
A
