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Business Model Canvas
A BMC is a tool used to describe how a business creates, delivers, and captures value.
It helps businesses understand their overall strategy, identify strengths and weaknesses, and improve decision making.
Besides that it provides a clear and simple overview of how the business operates.
Customer segments
Different groups of people or organizations that the business targets and serves.
Value propositions
The product or service that creates value by solving problems or satisfying customer needs.
Channels
The way a business communicates with customers and delivers products or services to them.
Customer relationships
The method used by a business to interact with, support, and retain customers.
Revenue streams
The different ways a business generates income from customers for its products or services.
Key resources
The important assets required to operate the business and deliver its value proposition effectively.
Key activities
The main tasks and operations a business must perform to function and succeed.
Key partnerships
External organisations or partners that help businesses operate efficiently and reduce risks.
Cost structure
All the costs involved in running the business and maintaining its operations.