MakCik Travels / Ahmad Amin Ahmad Azizan ... [et al.]
The business model canvas is an excellent tool for understanding a company model in a systematic and plain manner. This canvas will help us learn more about the clients we will be serving, what value propositions are available through which channels, and how we make money. We may also use the busine...
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| Main Authors: | , , , , |
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| Format: | Entrepreneurship Project |
| Language: | English |
| Published: |
2021
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/66708/1/66708.pdf https://ir.uitm.edu.my/id/eprint/66708/ |
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| Summary: | The business model canvas is an excellent tool for understanding a company model in a systematic and plain manner. This canvas will help us learn more about the clients we will be serving, what value propositions are available through which channels, and how we make money. We may also use the business model canvas for a better understand our own or a competitor's business model. Alexander Osterwalder of Strategyzer invented the Business Model Canvas. The business model canvas is a tool for describing, visualising, evaluating, and updating business models. Customer segments, value propositions, channels, customer relationship, revenue streams, key resources, key activities, key partner, and cost structure are the nine blockchains of BMC. The company must determine each of the business model canvas’s, which are the nine blocks. The justification for how a company develops, delivers, and collects value is describe by the BMC. We will always know what our business model is because of BMC. It also reveals which tasks are less vital or even detrimental to the goal's achievement. We can further develop our business model because the BMC sharpens the view of the essentials. The BMC is ideal for allowing our thoughts to flow freely. The BMC is an excellent foundation on which to build our ideas. We can also try out different company models and see what fresh combinations we can come up. BMC transforms a business concept into a well-structured document. Others will be able to comprehend and discuss our business strategy more quickly because of this. The BMC provides a comprehensive overview of the company concept. Controlling, the strategy department, or management, for example, receives precisely the information that is important to them in a timely manner. |
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