develop a business project
You are required to develop a business project for a new venture of your choice which analyses the potential feasibility and provides a business plan going forward.
There are 9 key segments that are included in Business Model Canvas. Therefore, the writer should write all these 9 segments based on the idea that I have provided.
Key partner: in order to optimize operations and reduce the risks of a business model, organizations usually cultivate buyer-supplies relationships so they can focus on their core activityKey activities: the most important activities in executing a company’s value propositionKey resource: the resources that are necessary to create value for the customersValue propositions: The collection of products and services a business offers to meet the needs of its customers. According to Osterwalder, (2004), a company’s value proposition is what distinguishes it from its competitors. The value proposition provides value through various elements such as newness, performance, customization, “getting the job done”, design, brand/status, price, cost reduction, risk reduction, accessibility, and convenience/usability. The value propositions may be: Quantitative – price and efficiency Qualitative – overall customer experience and outcomeCustomer relationships: To ensure the survival and success of any business, companies must identify the type of relationship they want to create with their customer segments.
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