Report of Business Canvas Model Development
business
Description
Written
Report of Business Canvas Model Development
An enterprise in this context is
about the willingness of an individual or organization to take risks, show
initiative and 'make things happen', undertake new ventures or improve aspects
of the existing organizations.
In
this coursework, you will need to develop
and analyze a business model of a new
venture from any selected entrepreneurial business of your choice. You may refer
to the Business Model Canvas Guidelines
attached in Appendix B.
Your
choice of products / service could be derived from ANY ONE of the current business trends in the market as follows:
(i)
Wearable Trend – Augmented reality (Google Glass) , body monitoring (Fitbit) , point of view (GoPro) etc.
(ii)
Green Trend –
(energy efficiency and storage, software, e-commerce, and electronics components,
hybrid energy storage) etc.
(iii)
Payments –
(services for lending money {LendingTree.com} , billing and accounting services, new currency
designed to reduce fraud such as Bitcoin or entire ecosystem around financial
fraud detection and mitigation) etc.
(iv)
Maker Trend –
(3D printing products, do it yourself (DIY) , robotics) etc.
(v)
Mobile Trend –
(tablets, smart phones, smart watches, handheld gaming consoles) etc.
(vi)
Health Trend – (cosmetics procedures, ‘brain gym ‘of Vibrant
brains, personal health portals, point of care testing facilities, fitness
centers, convenient care clinics, wellness coaches, fitness toys such as Fit
Flops and Wii Fit peripherals) etc.
(vii)
The Internet of Things –
(using Wifi transmitter such as ‘Smart’ devices).
** Note: The above examples given are
the guidance for you to kick start on the written report. You may also come up
with other examples of your product / service choice in relation to the trends
mentioned above.
Written Report Outline: A Business
Model Canvas is to discuss on the proposed business idea.
v
Partners.
v
Key
Activities.
v
Key
Resources.
v
Value
Proposition.
v
Customer Relationship.
v
Channels.
v
Customer Segmentation.
v
Costs.
v
Revenue.
