Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid

The Business Model Canvas (BMC) is a strategic management tool to quickly and easily define and communicate a business idea or concept. It is a one page document which works through the fundamental elements of a business or product, structuring an idea in a coherent way. It is also a visual chart wi...

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Main Author: Abd Hamid, Diyana
Format: Entrepreneurship Project
Language:English
Published: 2020
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/34848/
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author Abd Hamid, Diyana
author_facet Abd Hamid, Diyana
author_sort Abd Hamid, Diyana
building UiTM Institutional Repository
collection Online Access
description The Business Model Canvas (BMC) is a strategic management tool to quickly and easily define and communicate a business idea or concept. It is a one page document which works through the fundamental elements of a business or product, structuring an idea in a coherent way. It is also a visual chart with elements describing a firm or product’ s value proportion, infrastructure, customers, and finances. It assists firms in aligning their activities by illustrating potential trade-offs. There are many advantages of Business Model Canvas, such as easy to understand. It is because the canvas on just a single page and is very visual. Other than that, it is flexible. It is quick and easy to make changes to the model and sketch out different ideas. It also shows connections. The single page graphical nature of the canvas shows how the different parts of the model interrelate to each other. This can be difficult to ascertain from a traditional business plan. Formal descriptions of the business become the buildings block for its activities. With this business model design template, an enterprise can easily describe its business model. For the infrastructure, there are three elements in it which are key activities, key resources and key partners. For offering, there is a value propositions and for customers there are also three elements, customer segments, channels and customer relationships. Last but not least, there are two elements in finances which are cost structure and revenue streams
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spelling uitm-348482020-09-30T09:47:08Z https://ir.uitm.edu.my/id/eprint/34848/ Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid Abd Hamid, Diyana Planning. Business planning. Strategic planning Technological innovations. Automation New business enterprises The Business Model Canvas (BMC) is a strategic management tool to quickly and easily define and communicate a business idea or concept. It is a one page document which works through the fundamental elements of a business or product, structuring an idea in a coherent way. It is also a visual chart with elements describing a firm or product’ s value proportion, infrastructure, customers, and finances. It assists firms in aligning their activities by illustrating potential trade-offs. There are many advantages of Business Model Canvas, such as easy to understand. It is because the canvas on just a single page and is very visual. Other than that, it is flexible. It is quick and easy to make changes to the model and sketch out different ideas. It also shows connections. The single page graphical nature of the canvas shows how the different parts of the model interrelate to each other. This can be difficult to ascertain from a traditional business plan. Formal descriptions of the business become the buildings block for its activities. With this business model design template, an enterprise can easily describe its business model. For the infrastructure, there are three elements in it which are key activities, key resources and key partners. For offering, there is a value propositions and for customers there are also three elements, customer segments, channels and customer relationships. Last but not least, there are two elements in finances which are cost structure and revenue streams 2020 Entrepreneurship Project NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/34848/1/34848.pdf Abd Hamid, Diyana (2020) Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid. (2020) [Entrepreneurship Project] <http://terminalib.uitm.edu.my/34848.pdf> (Submitted)
spellingShingle Planning. Business planning. Strategic planning
Technological innovations. Automation
New business enterprises
Abd Hamid, Diyana
Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid
title Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid
title_full Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid
title_fullStr Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid
title_full_unstemmed Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid
title_short Bussiness Model Canvas: Budu Pump Booster / Diyana Abd Hamid
title_sort bussiness model canvas: budu pump booster / diyana abd hamid
topic Planning. Business planning. Strategic planning
Technological innovations. Automation
New business enterprises
url https://ir.uitm.edu.my/id/eprint/34848/