Development of the Business Model Canvas (BMC) typically begins with the value p
ID: 418897 • Letter: D
Question
Development of the Business Model Canvas (BMC) typically begins with the value proposition expressed in terms of the offerings made to meet market/customer needs. This is what distinguishes an enterprise from its competitors.
An enterprise must put an infrastructure in place in order to deliver value to the market/customers. The infrastructure includes:
key activities performed to realize the value proposition;
key resources that are necessary to create customer value; and
key partners that deliver customer value indirectly or directly via collaboration with them.
Share your thoughts, ideas AND QUESTIONS regarding which of the 9 elements are the most important. Include specific real world examples of business success or failure to help explain your position.
Explanation / Answer
the nine questions are:
it is difficult to decide and define one among above carries higher weightage in successful run and the others do not. Each component plays a vital role and integratedly each one supports others, and finally contribute positive input to the process.
still if asks which one play major role among these nine, I go with VALUE PROPOSITION, because, it is the process of resolving the problems of customers and creating value to their firms. the remaining will play their role, but this one is the key task which differentiated you from the competitors.
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