Business Model Canvas
The Business Model Canvas is a strategic management and visual representation tool that allows you to describe, design, challenge, and pivot your existing business model.
- by UX Design Roadmap from roadmap.sh
The canvas is divided into nine building blocks, which represent the essential elements of a business model:
- Channels (CH), Revenue Streams (RS)
- Value Propositions (VP), Cost Structure (CS)
- Key Resources (KR), Key Activities (KA), Key Partnerships (KP)
- Customer Segments (CS), Customer Relationships (CR)
When designing or analyzing an existing business model, the Business Model Canvas enables you to visually map out all these critical components and understand how they are interconnected.