Business Model Canvas vs Business Plans
Business Model Canvas is strategic management and lean startup template for developing new or documenting existing business models. It is a visual chart with elements describing a firm's or product's value proposition, infrastructure, customers, and finances. It assists firms in aligning their activities by illustrating potential trade-offs.
The nine "building blocks" of the business model design template that came to be called the Business Model Canvas were initially proposed in 2005 by Alexander Oesterwalder based on his earlier work on business model ontology. Since the release of Osterwalder's work around 2008, new canvases for specific niches have appeared.
A business plan is simply a written description of your business future. It contains your business mission, vision, goals, aspiration, market, value proposition and few others. It doesn’t have to be a long boring document. If one page answers all the questions we have listed below, then it good enough.
A business model canvas is somewhat a pictorial diagram that helps you answer questions about your new business. It helps you to crystallize and clarify your idea or conceive one if you are thinking of lunching out.
Course Curriculum
Dr. Johan Kok: Why me?
Dr. Johan Kok is the leading South African expert in BMC training and implementation; with successful startup-involvements in numerous world-renowned businesses, such as Cell C (South Africa), Bla (T) and K (dd) to name a few.
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