Answered: From a business model canvas (consist…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

From a business model canvas (consist of nine building blocks) give the value proposition, customer segments and customer relationship about a recycling/sustainable clothes business app and include explanatory notes for each block (e.g. what are the characteristics of your customer, customer pains, the role partners will play, etc.)

Transcribed Image Text:Key Partners • Who are our Key Partners? • Who are our key suppliers? Which Key Resources are we acquiring from partners? Which Key Activities do partners perform? Cost Structure Key Activities What Key Activities do our Value Propositions require? • Geographies? . Client Relationships? . Revenue streams? Key Resources . What Key Resources do our Value Propositions require? • Our distribution channels? Customer Relationships? Revenue Streams? Value Propositions • What value do we deliver to the customer? • Which one of our customer's problems are we helping to solve? . What bundles of services are we offering to each customer segment? Which customer needs are wel satisfying? Characteristics . • Newness . Performance • Customization Getting the Job Done. • Brand/Status . . • Price . Cost Reduction. • Risk Reduction . Accessibility Convenience/Usability . • What are the most important costs inherent in our business model? • Which Key Resources are most expensive? . Which Key Activities are most expensive? Revenue Streams Customer Relationships • What type of relationship does each of our customer segments expect us to establish and maintain with them? Which ones have we established? How are they integrated with the rest of our business model? • How costly are they? Channels Through which channels do our customer segments want to be reached? . • How are we reaching them now? • How are our Channels integrated? . Which ones work best? Which ones are most cost-efficient? How are we integrating them with customer routines? • For what value are customers really willing to pay? For what do they currently pay? • How are they currently paying? Customer Segments For whom are we creating value? • Who are our most. important customers? How would they prefer to pay? . • How much does each revenue stream contribute to overall revenues?

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