Business Model Canvas

BMC is a single page view, which is works like a strategic management tool for an enterprise to show

• What you want to do or what you do?
• How you want to go about it?

It lays out crucial activities and challenges and their relationship. The intention of a company to deliver a service or a product is described by nine building blocks :

• Customer Segments
• Value propositions
• Channels
• Customer Relationships
• Revenue Streams
• Key Resources
• Key Activities
• Key partnerships
• Cost Structures

A Single page view of BMC from hbr.org :

Strategy Maps

A Strategy map provides a visual framework for company’s objectives. It shows cause-and-effect links, which helps attaining desired outcomes. Four basic perspectives of Balanced Scorecards are considered related to the VISION:

• Financial
• Customer
• Internal
• Learning and growth

Followed by critical success factors and measures which will validate these critical success factors.

A Good Strategy

A good business strategy statement will have

• Objective
• Scope
• Advantage

Remember goals is NOT business strategy

An interesting Challenge....

Can you state/summarize your company strategy in succinct manner (say about 50 words)?

Learning Business Architecture - 1

Michael Porter’s 5 competitive forces that help shape a company, its business strategy are:

•            Rivals
•           Customers
•       New Entrants
•       Suppliers
•       Substitutes

These forces can vary from business to business. If in one business rivals are the strongest force, new entrants can be in the other. To succeed, business must overcome threats posed by these forces and make and follow business strategy.