Question
Business canvas model
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< 1BUSM7050relationships,
revenue streams, keyresources, key partners, key activities, and cost
structure.
Step
1: Naming the purpose of the business
Step
2: Customers and Value Propositions
Step
3: Channels and Customer Relationships
Step
4: Key Resources, Key Activities and Key Partners
Step
5: Cost Structure and Revenue Streams
Step
6: Linking The Boxes +Tidying Up Step 7: Telling The Story
Step
8: Assumptions Testing
Step
9: Designing New Versions
New
Customer Segments
New
Value Propositions (for the
same
Customer Segments)
New
Products/Services (for the same or new Customer Segments) Turning Services into
Products Turning Products into Services New Partnerships Franchise models (that
aren't reliant on a rare resource) New delivery formats
These
are the 9 components of a business canvas modelCan you choose 2 for each of
you?
Expert Solution
The
creation of the software and hardware requires a couple of resources, most of
which are mandatory for the program to run. For the software part, the primary
resource that is required for its development is human and intellectual assets.
The human mind plays a primary role in developing new ideas that may facilitate
its progress. In this case, it is vital to look for intellectuals who can do
the job perfectly. Their level of expertise determines how well they will
complete the job. The intangible resources that are needed include having
patents, licenses, and customer knowledge. It is also important to get
copyright knowledge of the product.
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