Mass market, niche market, segmented, diversified, multi-sided platforms are some examples of categories within this building block.
What are customer segments?
100
Taking a financial risk to organise and operate a business.
What is an entrepreneur?
100
Creating something new.
What is innovation?
100
The ability to work with a network of people inside and outside an organisation.
What is collaboration?
100
What is in the middle and central to your Business Model Canvas?
What is the Value Proposition?
200
This building block describes how a company communicates with and reaches its customer segments to deliver a value proposition.
What are channels?
200
Name 2 new music business start ups from MidemLab 2017.
What is Humon, Truelinked, SoundCharts and Vinci Smart Headphones?
200
Two misconceptions about innovation according to Duncker.
What is flash of genius?
What is not grandiose ideas revolutionise an industry (small ideas do)?
200
Working in a team increases this.
What is accountability?
200
What side are Customers and Revenue on the canvas?
What is on the right?
300
A manufacturing firm would be likely to use production to describe this key building block.
What are key activities?
300
Turn a good idea into a launch, make it profitable and sustainable
What is the key ability of a good entrepreneur?
300
What is driving business innovation today?
What is faster, easier and simpler?
300
Working alone makes getting this harder.
What is feedback?
300
What are 3 different tools to evaluate Business Models?
What is SWOT, Pyramid and Canvas?
400
This building block describes the network of suppliers and partners that make the business model work.
What are key partnerships?
400
Name 4 characteristics of an entrepreneur?
What is self-motivation, responsibility, visionary, focus on opportunities and niches, prepared to take risks, frustration tolerance, perseverance...
400
According to Mona Pearl, what has changed since Duncker's "The Lean Start Up?"
What is doing good? Making the world a better place?
400
4 skills you need to build relationships within the music industry.
What is good communication skills, the ability to listen, confidence, persuasive, outgoing, reliable...?
400
What are 4 forces in the Business Model Environment (outside the canvas)?
What is key trends, market forces, macro-economic forces and industry forces?
500
Physical, intellectual, human and financial are how these building blocks can be described.
What is key resources?
500
Name 5 examples of an entrepreneur's skills?
What is getting things done cost efficiently, people skills, risk-taker, market knowledge, technical knowledge...
500
Name 5 myths of innovation according to Berkun.
What is: The myth that we know history.
The myth of a method.
The myth we love new ideas.
The myth of the lone inventor.
The myth that good ideas are rare.
The myth the best idea wins.
The myth that problems are less interesting than solutions.
The myth that innovation is always good
500
Someone who puts aside his personal goals and works well with others, doing what he needs to do to strive for a common goal.
What is a team player?
500
Generating a large number of business model ideas and successfully isolating the best ones.