A business model describes how an organization creates, delivers, and captures value. Traditional tools like business plans and reports often fail to provide a clear, practical description. The Business Model Canvas (BMC) offers a solution, simplifying the complexities of business functions into a visual format.

The 9 Building Blocks of the Business Model Canvas

  1. Key Partners
  2. Key Activities
  3. Key Resources
  4. Value Propositions
  5. Customer Relationships
  6. Channels
  7. Customer Segments
  8. Cost Structure
  9. Revenue Streams

These elements work together to answer fundamental questions about a business model’s functionality.

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