Application on Western Market Project
Throughout two weeks tutorial led by Alvin, we believed that we have a fundamental idea about Business Model Canvas. The 9 blocks’ feasibility impressed me with that encouraged us no fear of idea wrong positioning on particular segments. It’s because we will go with a more clear path towards our model through a mistake journey. For example, we could confuse the content or who should be put into “Customer Segments” or “Key Partner” if we are uncertain of whom our value proposition should be offered.
Wide application of Canvas with other business management models
No surprise, one reason why Canvas is broadly used is that we can combine it with other business models. Mapping and verifying the integrity is crucial to enable focus on assessment and evaluation of the existing organization’s business model and blocks.
A good reference on traditional SWOT tools and popular bookseller Blue Ocean Strategy.
Design Attitude.
Again, we try to explore more opportunities without jumping too quickly to adopt one solution. These hypotheses rely on Design attitude. 5 phases – Mobilize; Understand; Design; Implement and Manage. It focuses on a SINGLE POINT of clarity before future growth is matured.