Date post: | 20-Jan-2016 |
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Use the Business Model Canvas to Test Your Idea
and Win!
Hello!I am Jennifer Simon.
I’m the DirectorOhio University Innovation Center
Why the Business Model Canvas?
New Idea Template
Value Proposition
How do you find a winning Value Proposition?
Product Perspective + Market Perspective =Product/Market Fit!
Slide Provided by Bethany George
Gain Creators■Newness/Something
fun■Performance■Customization■“Getting the Job
Done”■Design■Brand/Status
Pain Relievers■ Price■ Cost Reduction■ Risk Reduction■ Accessibility■ Convenience■ Usability
FIND a winning Value Proposition!
Customer Segments – For Whom Are You
Creating Value
■Everyone (WRONG)
Customer Relationships
Dedicated Service
Automated
Quarterly Meetings
Annual Parties
Channels
■Physical Store Front■Virtual■Home Delivery■Mixture of all
Revenue StreamsUsage Fees
Asset Sale
Subscription Fees
Lending, Renting, Leasing
Licensing
Advertising
Key ActivitiesPlatforms
Marketing
Production
Sales/Customer Sales
Delivery
Key ResourcesPhysical
Financial
Human
Intellectual
Key PartnershipsWhich partnerships are critical to our business
Who are our critical suppliers
Which of our suppliers and partners are sourcing key resources
What types of partnerships would suite our needs
What is the best cluster/supply chain where I should be located
Cost StructureFixed Costs
Variable
Economies of Scale
Economies of Scope
Test Every Assumption Until You Get It Right!!
GET OUT OF THE BUILDING! TALK TO PEOPLE!
“The only way to win is to learn faster
than anyone else.
--Eric Ries