how$to$fill$abusiness$ model$canvas$ · 2014. 11. 13. · businessmodel! innovaon !resultsfrom: 1....

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HOW TO FILL A BUSINESS MODEL CANVAS THE PROCESS cris&[email protected]

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Page 1: HOW$TO$FILL$ABUSINESS$ MODEL$CANVAS$ · 2014. 11. 13. · Businessmodel! innovaon !resultsfrom: 1. to!sasfy !exis&ng!but!unanswered!market needs! 2. to!bringnew technologies, products,or

HOW  TO  FILL  A  BUSINESS  MODEL  CANVAS  

THE  PROCESS    

cris&[email protected]    

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 Every  business  model  design    

project  is  unique,    and  presents  its  own  

challenges,  obstacles,  and  cri&cal  success  factors  

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4  objec&ves  

Business  model  innova&on  results  from:  1.  to  sa&sfy  exis&ng  but  unanswered  market  needs  2.  to  bring  new  technologies,  products,  or  services  to  

market  3.  to  improve,  shake  up  (disrupt),  or  transform  an  exis&ng  

market  with  a  beHer  business  model  4.  to  create  an  en&rely  new  market  

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4  mo&va&ons  

The  efforts  typically  reflect:    1.  a  crisis  with  the  exis&ng  business  model  (in  some  cases  

a  "near  death"  experience)  2.  adjus&ng,  improving,  or  defending  the  exis&ng  model  to  

adapt  to  a  changing  environment    3.  bringing  new  technologies,  products,  or  services  to  

market  4.  preparing  for  the  future  by  exploring  and  tes&ng  

completely  new  business  models  that  might  eventually  replace  exis&ng  ones  

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Business  Model  Design  and  Innova&on  

1.   SaCsfy  market:  Fulfill  an  unanswered  market  need    

2.   Bring  to  market:  Bring  a  new  technology,  product,  or  service  to  market  or  exploit  exis&ng  intellectual  property  (IP)    

3.   Improve  market:  Improve  or  disrupt  an  exis&ng  market    

4.   Create  market:  Create  an  en&rely  new  type  of  business  

CHALLENGES  •  Finding  the  right  model  •  Tes&ng  the  model  before  a  full-­‐

scale  launch  •  Inducing  the  market  to  adopt  the  

new  model  •  Con&nuously  adap&ng  the  model  

in  response  to  market  feedback  •  Managing  uncertainty  

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Factors  to  Established  Organiza&ons  

1.   ReacCve:  Arising  out  of  a  crisis  with  the  exis&ng  business  model    

2.   AdapCve:  Adjus&ng,  improving,  or  defending  the  exis&ng  business  model    

3.   Expansive:  Launching  a  new  technology,  product,  or  service    

4.   Pro-­‐acCve/exploraCve:  Preparing  for  the  future  

CHALLENGES  •  Developing  an  appe&te  for  new  

models  •  Aligning  old  and  new  models  •  Managing  vested  interests  •  Focusing  on  the  long  term  

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 Business  model  innova&on  remains  

messy  and  unpredictable,    despite  aHempts  to  implement  a  process.  It  requires  the  ability  to  

deal  with  ambiguity  and  uncertainty  unCl  a  good  soluCon  emerges  

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5  Phases  

The  business  model  design  process  we  propose  has  five  phases:  Mobilize,  Understand,  Design,  Implement,  and  Manage.    

The  progression  through  these  phases  is  rarely  linear.    

In  par&cular,  the  Understanding  and  Design  phases  tend  to  proceed  in  parallel.    

The  last  phase  Manage,  is  about  conCnuously  managing  your  business  model(s).  

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Mobilize  se#ng  the  stage  

•  Prepare  for  a  successful  business  model  design  project  

•  Assemble  all  the  elements  for  successful  business  model  design.  Create  awareness  of  the  need  for  a  new  business  model,  describe  the  moCvaCon  behind  the  project,  and  establish  a  common  language  to  describe  ,design,  and  analyze  and  discuss  business  models.  

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GeZng  From  Business  Idea  to  Business  Model    

hHps://www.youtube.com/watch?v=wwShFsSFb-­‐Y    

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Mobilize  ACTIVITIES  •  Frame  project  objec&ves  •  Test  preliminary  business  ideas  •  Plan  •  Assemble  team  

CRITICAL  SUCCESS  FACTORS  •  Appropriate  people,  experience,  

and  knowledge    KEY  DANGERS  •  Overes&ma&ng  value  of  ini&al  

ideas  

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Mobilize  

visualize  model  

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Understanding  immersion  

•  Research  and  analyze  elements  needed  for  the  business  model  design  effort  

•  You  and  the  business  model  design  team  immerse  yourselves  in  relevant  knowledge:  customers,  technology,  and  environments.  You  collect  informaCon,  interview  experts,  study  potenCal  customers,  and  idenCfy  needs  and  problems.  

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Visualizing  Your  Business  Model    

hHps://www.youtube.com/watch?v=wlKP-­‐BaC0jA    

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Understanding  ACTIVITIES  •  Scan  environment  •  Study  poten&al  customers  •  Interview  experts  •  Research  what  has  already  been  

tried  (e.g.  examples  of  failures  and  their  causes)  

•  Collect  ideas  and  opinions  

CRITICAL  SUCCESS  FACTORS  •  Deep  understanding  of  poten&al  

target  markets  •  Looking  beyond  the  tradi&onal  

boundaries  defining  target  markets  

 KEY  DANGERS  •  Over-­‐researching:  disconnect  

between  research  and  objec&ves  •  Biased  research  because  of  

precommitment  to  a  certain  business  idea  

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Understanding  

model  analyze  

Evaluate  (environment)  

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Design  inquiry  

•  Generate  and  test  viable  business  model  opCons,  and  select  the  best  

•  Transform  the  informa&on  and  ideas  from  the  previous  phase  into  business  model  prototypes  that  can  be  explored  and  tested.  Aber  an  intensive  business  model  inquiry,  select  the  most  saCsfactory  business  model  design.  

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Prototyping    

hHps://www.youtube.com/watch?v=iA5MVUNkSkM    

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NavigaCng  Your  Environment    

hHps://www.youtube.com/watch?v=7O36YBn9x_4    

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Design  ACTIVITIES  •  Brainstorm  •  Prototype  •  Test  •  Select  

CRITICAL  SUCCESS  FACTORS  •  Co-­‐create  with  people  from  

across  the  organiza&on  •  Ability  to  see  beyond  status  quo  •  Taking  &me  to  explore  mul&ple  

business  model  ideas    KEY  DANGERS  •  Watering  down  or  suppressing  

bold  ideas  •  Falling  in  love  with  ideas  too  

quickly  

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Design  

model  

visualize  

measure  develop  

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Implement  execu1on  

•  Implement  the  business  model  prototype  in  the  field  

•  Implement  the  selected  prototype  business  design.  

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Proving  It    

hHps://www.youtube.com/watch?v=-­‐2gd_vhNYT4    

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Implement  ACTIVITIES  •  Communicate  and  involve  •  Execute  

CRITICAL  SUCCESS  FACTORS  •  Best  prac&ce  project  

management  

•  Ability  and  willingness  to  rapidly  adapt  the  business  model  

•  Align  "old"  and  "new"  business  models  

 KEY  DANGERS  •  Weak  or  fading  momentum  

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Implement  

model  Visual  thinking  

Choose  and  manage  mul&ple  BM  

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Manage  evolu1on  

•  Adapt  and  modify  the  business  model  in  response  to  market  reacCon  

•  Set  up  the  management  structures  to  con&nuously  monitor,  evaluate,  and  adapt  or  transform  your  business  model.  

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Manage  ACTIVITIES  •  Scan  the  environment  •  Con&nuously  assess  your  

business  model  •  Rejuvenate  or  rethink  your  model  •  Align  business  models  (during)  

throughout  the  enterprise  •  Manage  synergies  or  conflicts  

between  models  

CRITICAL  SUCCESS  FACTORS  •  Long-­‐term  perspec&ve  •  Proac&veness  •  Governance  of  business  models    

KEY  DANGERS  •  Becoming  a  vic&m  of  your  own  

success,  becoming  complacent,  failing  to  adapt  

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Manage  

React  to  the  environment  

measure  model  

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 AND  …DON’T  FORGET!  

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Telling  Your  Story    

hHps://www.youtube.com/watch?v=SshglHDKQCc    

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THANKS!   hHps://twiHer.com/cris&anonordio  

Cris&[email protected]  

hHps://www.linkedin.com/in/cris&anonordio  

hHps://advancedmarke&ngunipd.wordpress.com