Business Models Flashcards
Things to consider when developing a business model
- Who is the customer
- What value does the business deliver to the customers
- How does the business operate
- How does the business make money
- Who is the customer
Who the company plans to sell its product/service to: users, advertisers, developers
- What value does the business deliver to the customer
What does the product/service offer to the customers: functionally, socially, emotionally
- How does the company operate
Consider the operating model
What does the operate model consist of?
Key Activities
Key Partners
Key Resources
Key Channels
Customer Relationships
Key Activities
What activities does the business carry out for the product/service to be delivered to the customer
Key Partners
Who helps the business to deliver the product/service
Key Resources
What resources does the business use to develop and deliver its product/service
Key Channels
What channels does the business use to deliver its product/service
Customer Relationships
What type of relationships does the business maintain with its customers
- How does the business make money
Using the revenue model of business
What are the 2 components of the revenue model?
The cost structure and revenue streams
The cost structure
All the expenses that the business incurs in creating and delivering value to the customers
The revenue streams
All the primary and non-primary revenue streams that the business utilises
