Shared Flashcard Set

Details

Business Model Canvas
Business Model Canvas
8
Business
Undergraduate 1
11/16/2023

Additional Business Flashcards

 


 

Cards

Term
Customer Segment
Definition
The specific groups of people or organizations that a business aims to serve, each with distinct needs and characteristics.
Term
Value Propositions
Definition
The unique value or benefit that a product or service provides to a customer segment, addressing their pain points or fulfilling their needs.
Term
Customer Relationships
Definition
The type of interaction and engagement a business establishes with its customer segments, ranging from personal assistance to automated services.
Term
Revenue Streams
Definition
The sources of income for a business, indicating how it generates revenue from its customer segments.
Term
Key Resources
Definition
The critical assets, both tangible and intangible, required to deliver the value proposition, reach customers, maintain relationships, and earn revenue.
Term
Key Partnerships
Definition
The external organizations or entities with whom a business collaborates to enhance its capabilities, mitigate risks, or optimize resources.
Term
Pivot
Definition
A fundamental change to one or more components of a business model in response to feedback, market shifts, or evolving insights.
Term
Lean Startup
Definition
An approach to entrepreneurship that emphasizes rapid iteration, customer feedback, and the development of a minimum viable product to test hypotheses and reduce risk.
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