- Business Model Canvas
- A one-page strategic framework developed by Alexander Osterwalder that maps nine components of a business model in a single visual layout.
- Value Proposition
- The specific combination of products, services, or outcomes that creates value for a defined customer segment and differentiates you from alternatives.
- Customer Segment
- A distinct group of people or organizations that share common needs, behaviors, or characteristics that your business serves.
- Revenue Stream
- The mechanism through which your business earns money from each customer segment β subscriptions, one-time sales, licensing, usage fees, etc.
- Key Resource
- The most important physical, intellectual, human, or financial asset required to deliver your value proposition and operate the business model.
- Key Activity
- The most critical things your business must do well β manufacturing, platform development, problem-solving, or supply chain management β to make the model work.
- Key Partnership
- The network of suppliers, co-creators, or strategic allies whose resources, activities, or distribution you rely on to deliver your value proposition.
- Cost Structure
- All costs incurred to operate the business model, categorized as fixed or variable, and analyzed for the primary cost drivers.
- Channel
- The means by which your company communicates with and reaches its customer segments to deliver the value proposition β direct sales, retail, platform, or partner network.
- Customer Relationship
- The type of relationship a business establishes and maintains with each customer segment β self-service, personal assistance, community, or automated.