Kennesaw State University
Business Model Canvas: A Tool for Entrepreneurs and Innovators (Project-Centered Course)

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Kennesaw State University

Business Model Canvas: A Tool for Entrepreneurs and Innovators (Project-Centered Course)

Dan Stotz

Instructor: Dan Stotz

63,754 already enrolled

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Gain insight into a topic and learn the fundamentals.
4.6

(630 reviews)

Beginner level
No prior experience required
Flexible schedule
Approx. 18 hours
Learn at your own pace
97%
Most learners liked this course
Gain insight into a topic and learn the fundamentals.
4.6

(630 reviews)

Beginner level
No prior experience required
Flexible schedule
Approx. 18 hours
Learn at your own pace
97%
Most learners liked this course

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Assessments

10 assignments

Taught in English

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There are 8 modules in this course

Are you interested in starting your own business? Are you an entrepreneur who wants to accelerate profitable growth by improving your business model? Are you an intrapreneur, inside of an organization, who has a new idea that could make your customers smile and your competitors cry? If yes, then the Business Model Canvas is the best place to start. It is a proven tool for creating, assessing or reinventing a business model.

What's included

3 videos2 readings1 assignment1 peer review1 discussion prompt

Every business model should start with selecting the customer segments that will benefit the most from your new idea, product, service, or solution. It's very tempting to select numerous customer segments that might have an interest in your value propositions. However, especially if you're just starting out, it's often best to choose just one, the most important, customer segment!

What's included

2 videos1 reading1 assignment1 peer review1 discussion prompt

According to the authors of the Business Model Generation; "The value proposition is the reason why customers turn to one company over another. It solves the customer problem or satisfies a customer need...some value propositions may be innovative and represent a new or disruptive offer. Others may be similar offers, but with added features and attributes."

What's included

2 videos2 readings1 assignment1 peer review1 discussion prompt

Channels are a critical element of the business model. They are how a company communicates with and reaches its customer segments. Channels are typically direct or indirect and has five phases: awareness, evaluation, purchase, delivery, and after sales. Customer relationships can range from highly personal to automated. Either way, the objective is to develop authentic relationships that lead to trust and customer loyalty.

What's included

2 videos1 reading2 assignments1 peer review1 discussion prompt

According to the authors of the Business Model Generation; "If customers comprise the heart of a business model, revenue streams are its arteries." A business model typically has two different types of revenue streams--transactional and recurring. Key resources represent the most important assets required to make a business model work. The resources fall into several categories including physical, intellectual, human, and financial.

What's included

2 videos1 reading2 assignments1 peer review1 discussion prompt

The key activities are what an entrepreneur or intrapreneur needs in order to create and offer a value proposition, reach markets, build and maintain customer relationships and generate revenues. Strategic partnerships have become a cornerstone of most business models. Entrepreneurs typically need the help of partners to create and deliver the value propositions. Innovation especially is a team sport.

What's included

2 videos1 reading2 assignments1 peer review1 discussion prompt

The final building block focuses on what costs will be incurred as we create and deliver the value propositions to the customer segments. The most common categories of cost are cost-driven and value-driven. Costs can also be described as fixed costs and variable costs. Costs typically should be minimized in every business model but low cost structures are more important to some business models than to others. Think how Wal-Mart's business model is different from that of a luxury hotel.

What's included

2 videos1 reading1 assignment1 peer review1 discussion prompt

Now that your business model canvas is complete, it's time to tell your business model story to others. Successful entrepreneurs and innovators are masters at pitching their ideas and business models to stakeholders. The animated video titled "Telling Your Story" gives excellent advice on how to present your business model canvas.

What's included

2 videos1 reading2 peer reviews1 discussion prompt

Instructor

Instructor ratings
4.7 (95 ratings)
Dan Stotz
Kennesaw State University
4 Courses155,409 learners

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4.6

630 reviews

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SC
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Reviewed on Dec 29, 2020

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Reviewed on May 15, 2018

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5

Reviewed on Oct 22, 2019

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