Lesson 6 (Technopreneurship)

March 09,2013

BUSINESS MODEL

     MODEL:

               According to the famous Oxford Dictionary,it is defined as follows:

1. A three dimensional representation of person or things,typically on a smaller scale.
2. (In sculpture) A figure made in clay or wax which is then reproduced in more durable material.
3. Something used as an example.
4. A simplified mathematical description of a system or process,used to assist calculations and predictions.
5. An excellent example of a quality
6. A person employed to display clothes by wearing them.
7. A person employed to pose for an artist.
8. A particular design or version of a product.

           

      *9 BUILDING BLOCKS*

     1.Customer Segments as an organization serves one or several customer segments

     2.Value Propositions it seeks to solve customer problems and satisfy customer needs with value propositions

    3.Channels value propositions are delivered to customers through communication, distribution and sales channels

   4. Customer Relationships are established and maintained with each customer segment.

   5. Revenue Streams is the result from value propositions successfully offered to customers.

    6.Key Resources are the assets required to offer and deliver the previously described elements.

    7.Key Activities by performing a key number of key activities.

    8.Key Partnership some activities are out secured and same resources are acquired outside the enterprise.

    9.Cost Structure the business model elements result in the cost structure.