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Entrepreneurship

Business Model Canvas / Lean Model Canvas

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Introduction

01.

Lean Model Canvas

03.

Business Model Canvas

02.

BMC vs LMC

and etc

.

04.

Table of Contents

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Introduction

  • Instead of a business plan, modern companies opt for a business model canvas (BMC) to break down their ideas into crucial elements
  • A business plan is an ineffective as a tool for analyzing customers’ interests
  • It is better to concentrate on fundamental points of what you can offer on the market
  • For that purpose, it is advisable to check out a tool that acts as a one-page business model and offers more capabilities for analysis
  • The lean model canvas (LMC) is a startup-friendly version of BMC meant to facilitate idea validation based on essential data

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Business Model Canvas (BMC)

  • Business model denotes what is needed to monetize an idea, aimed at achieving profitability
  • BMC provides a diagrammatic representation of costs structure, marketing strategy, financing sources, target customers, and etc
  • BMC allows entrepreneurs to break down a business model into nine essential structural components and discover potential risks and deficiencies

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Business Model Canvas (BMC)

BMC Structure

The canvas consists of nine structural units or components:

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Lean Model Canvas (LMC)

Q: What is Lean in business?

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A: “Lean business is a business that maximizes value while minimizing waste. A Lean business model focuses on improving processes across the value stream in order to eliminate waste and deliver optimized value to the customer.”

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Lean Model Canvas (LMC)

Q: What is Lean in business?

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A: “Lean business is a business that maximizes value while minimizing waste. A Lean business model focuses on improving processes across the value stream in order to eliminate waste and deliver optimized value to the customer.”

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Lean Model Canvas (LMC)

  • Some changes were done in the model to obtain a problem-solution approach to business analysis
  • The difference between both tools lies in the alteration of the four units
  • The replacement allows for using product-centric terms and describing the lean business model in a common language

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Lean Model Canvas (LMC)

LMC Structure

The canvas consists of nine structural units or components with alteration of four units:

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BMC vs LMC

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Suggested order to fill the LMC

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Example of LMC

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Any Questions?