The Business Model Canvas Explained

The Business Model Canvas is a strategic management template for developing new business models and documenting existing ones.

Nine Building Blocks

1. Customer Segments

   • Who are your customers?
   • What are their needs?
   • How are they grouped?

2. Value Propositions

   • What value do you deliver?
   • Which problems do you solve?
   • What needs do you satisfy?

3. Channels

   • How do you reach customers?
   • Which channels work best?
   • How are channels integrated?

4. Customer Relationships

   • What type of relationship?
   • How do you establish and maintain them?
   • How do they integrate with your business model?

5. Revenue Streams

   • What value are customers willing to pay for?
   • How do they currently pay?
   • How would they prefer to pay?

Practical Application

1. Analysis

   • Market research
   • Competitor analysis
   • Customer feedback

2. Implementation

   • Strategy development
   • Resource allocation
   • Timeline planning

3. Iteration

   • Regular reviews
   • Market adaptation
   • Continuous improvement