17 Feb Complete the Business Canvas Model you will find on Moodle
Complete the Business Canvas Model you will find on Moodle. On that form you will see an example of a completed Business Canvas and you could view the YouTube video in Unit 5 or the article cited in Unit 5: The use of business model canvas in the design and classification of product-service systems design methods. These will help you conceptualize and complete a business canvas for your project.
Submit the completed Business Model Canvas.
Evaluation and Feedback
The Business Model be marked in its entirety out of 100. The following rubric indicates the criteria students are to adhere to, and their relative weights to the assignment overall.
Graded Item % of Final Grade
Identifies the mission and vision statement of the business /15
Identifies the core competencies of the business /15
Articles about the target market(s) /20
Provided a clear and coherent business model using the Business Model Canvas /20
Discusses what a business model is /15
Demonstrates good organization, including a strong introduction and conclusion /15
Total /100
Business Model
You may watch this Video for an idea of how to create the Busines Model for my chosen business Electric Bike Rental
Himo, N. (2021, June 6). Business model canvas – A guide for beginners [Video]. YouTube. https://www.youtube.com/watch?v=LbbGRgGKSyg
Objectives
• To articulate the mission statement of the firm and its core strategies
• To identify the core competencies of the business
• To describe the target market by identifying the customers and individuals the business will address
• To describe what a business model is
• To demonstrate how to use the Business Model Canvas
Description
Students will develop a business model which is a firm’s plan for how it competes in the market. A business model is a company’s core profit-making plan which defines the products or services it will sell, its target market, and any expected costs. Students will complete the Business Model Canvas to clarify their model.
