Business : Describe One Additional Application Of The Business Model Canvas

Running Head: BUSINESS MODEL CANVAS (BMC) ROLEDiscussion Question: Describe one additional application of the Business Model Canvas.Students Name:Instructors Name:Course Code:Date of Submission:1BUSINESS MODEL CANVAS (BMC) ROLE2Describe one additional application of the Business Model Canvas.Business Model Canvas (BMC) is basically is a lean startup and strategic managementvisual chart which can be used to document already existing or establish new business models.From the video, it is evident that a BMC has nine basic building blocks. These are, thecustomers segment, the value proposition sections, customers channel, established customerrelationships, the revenue generated also known as the revenue streams, the crucial activities, andresources necessary to develop goods and products as well as deliver services efficiently, thecrucial partners, and finally the cost structure of the business model (Alexander, 2012). Thesenine segments have been listed below:1. Customers segment2. The value proposition section3. Customers channel4. Established customer relationships5. The revenue generated also known as the revenue streams6. The crucia ...


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