Anne has always been a proponent if the “1-pager” to capture the essence of ideas, value and impact, to inform decisions and direction. This provides a communication approach that conveys all of the key companents in an manner that is easy for others to assimilate. It is also a test to how well the topic is understood. If you cannot create an effective and accurate one-pager that simplifies the topic for all audiences, then you probably don’t understand it as well as you should.
When Alex Osterwalder invented the Business Model Canvas (and subsequently co-founded Strategyzer.com), AH Consulting was an early adopter. Since then, this has become the gold standard for millions in companies of all sizes around the world.
The beauty and value of the canvas (reference model) is that it brings all of the fundamental components of a business model together in a single view. It reminds us that all of these component are co-dependent on each other. If one change, we have to consider the impacts to the others.
This tool provides an excellent method for “what if” analysis also. It gives us a way to quickly vet and consider different possibiliites before selecting one and then diving in to more detail that is typically associated with a business plan.
These are the nine (9) elements of the business model canvas:
- Value Proposition (see companion tool, Value Proposition Canvas to help derive)
- Key Partners
- Key Activities
- Customer Relationships
- Customer Segments
- Cost Structure
- Revenue Streams
Since the inception of the Business Model Canvas, it has been adopted by other niches. For example:
- Lean Startup Canvas
- Lean Change (blend of Kotter, Agile and the business model canvas idea)
- Lean Transformation
- Mission Model Canvas