This post explores the topic of Minimum Viable Product as a technique to learn rapidly and inexpensively about what customers want in the face of uncertainty. It looks at examples of Minimum Viable Products and their impact on strategy and project management. What Is a Minimum Viable Product? The illustration at right, by Henrik Kniberg, … Read more
Key Resources encompass people as well as other important assets that are needed in order to execute a business model. As with managing projects, without Key Resources, nothing will happen! This post provides an overview of the Key Resources block on the business model canvas, provides related considerations for organizational strategy, and outlines the impact … Read more
Revenue Streams tie together the value creation elements of the business model canvas. This post explores different types of Revenue Streams and mechanisms for generating them. It also explores the financial, strategic, and project management perspectives on Revenue Streams. Basics of Revenue Streams – Business Model Canvas ‘Revenue Streams’ is the fifth block in the … Read more
‘Customer Relationships’ is the fourth block in the business model canvas. Thinking through the Customer Relationships portion of the business model provides an opportunity to make choices that optimize capabilities for acquiring, retaining, and growing customers. This post covers where Customer Relationships fits with other blocks of the business model canvas, different types of target … Read more
Choosing Channels is the third block in the business model canvas. This post examines what Channels are, why they are important to the business model, and strategic and project management impacts. Understanding Channels in the Business Model Canvas Channels sits on the Value Creation side of the Business Model Canvas. It is preceded by the … Read more
The Customer Segments component of the business model canvas is the first component. It drives choices made in all the other components, and thus drives choice of a business model. This post explores Customer segments, how it fits into the business model canvas, and how this strategic choice also drives projects. Perspective on Customer Segments … Read more
Projects are all about producing Value, and products are all about providing Value. The question is, how do you measure Value? This post examines a recent strategic framework, the Value Stick, which is great to digging in to the dynamics of value creation of products and projects. What Is a Value Stick? The Value Stick … Read more
Developing a solid Value Proposition that leads to success is critical and not easy. And it applies to projects and programs as well as to organizations. This post takes a deep look at the Value Proposition component – one of nine components of the Business Model Canvas. Overview of Value Proposition of the Business Model … Read more
Time Based Competition (TBC) is classic Boston Consulting Group (BCG) thinking that has evolved into a new relevance today. TBC 2.0 provides a whole new basis for achieving competitive advantage. This post looks at Time as a strategic element and how it has evolved into a critical consideration in strategy and project management. Time as … Read more
Organizations are defined by what they actually do. As part of the Business Model Canvas, Key Activities capture what people spend their time day to day in execution of the Business Model. This post identifies many examples of Key Activities in a wide variety of different types of organizations. The purpose is to help clarify … Read more