The report is to have around 1,500 and NOT MORE than 2,000 words. You should state the number of words used on the cover of the assignment. You may include diagrams or figures, references and bibliography lists, and any appendices.
The report must follow the standard academic format.
- Font type: Times New Roman
- Font size: 12pts
- Line spacing: 1.5
- Margin: Justified
- A proper APA format referencing system must be ensured
- Avoid errors in grammar or spelling
- The similarity report (plagiarism rate) must be less than 25%
As part of the feasibility study, you are required to propose a new business idea and write your answers by following the requirements below,
1. Describe the motivation factor(s) to create the new e-business idea. Why do you choose to market your product or service on an electronic platform? (25%)
2. Introduce your company by creating a Business Model Canvas (BMC). Please elaborate on every 9 elements of BMC. (50%)
3. Based on the study, conclude your BMC on how this new business idea will benefit the society or environment. (25%)
IMPORTANT: Your new business idea must be related to ‘Digital Business’.
The report is to have around 1,500 and NOT MORE than 2,000 words. You should state the number of words used on the cover of the assignment. You may include diagrams or figures, references and bibliogr
Designed for: Designed by: Date: Version: Business Model Canvas Key Partners 5-6 Key Activities Value Propositions Customer Relationships Customer Segments A.1:A.2:A.3:Who are our Key Partners? Who are our key suppliers? Which Key Resources are we acquiring from partners? Which Key Activities do partners perform? MOTIVATIONS FOR PARTNERSHIPS: Optimization and economy, Reduction of risk and uncertainty, Acquisition of particular resources and activities What Key Activities do our Value Propositions require? Our Distribution Channels? Customer Relationships? Revenue streams? CATEGORIES: Production, Problem Solving, Platform/Network What value do we deliver to the customer? Which one of our customer’s problems are we helping to solve? What bundles of products and services are we offering to each Customer Segment? Which customer needs are we satisfying? CHARACTERISTICS: Newness, Performance, Customization, “Getting the Job Done”, Design, Brand/Status, Price, Cost Reduction, Risk Reduction, Accessibility, Convenience/Usability What type of relationship does each of our Customer Segments expect us to establish and maintain with them? Which ones have we established? How are they integrated with the rest of our business model? How costly are they? Post-service : maintain For whom are we creating value? Who are our most important customers? Is our customer base a Mass Market, Niche Market, Segmented, Diversified, Multi-sided Platform Demographic? Age/Gender/Race Geo: Place/country Psychographic? (Attitude/Belief Sytem) Behavioural? Habits D) Key Resources Channels (Platform) What Key Resources do our Value Propositions require? Our Distribution Channels? Customer Relationships Revenue Streams? TYPES OF RESOURCES: Physical, Intellectual (brand patents, copyrights, data), Human, Financial Through which Channels do our Customer Segments want to be reached? How are we reaching them now? How are our Channels integrated? Which ones work best? Which ones are most cost-efficient? How are we integrating them with customer routines? Cost Structure (Cost of doing business) Revenue Streams (Revenue model) What are the most important costs inherent in our business model? Which Key Resources are most expensive? Which Key Activities are most expensive? IS YOUR BUSINESS MORE: Cost Driven (leanest cost structure, low price value proposition, maximum automation, extensive outsourcing), Value Driven (focused on value creation, premium value proposition). SAMPLE CHARACTERISTICS: Fixed Costs (salaries, rents, utilities), Variable costs, Economies of scale, Economies of scope For what value are our customers really willing to pay? For what do they currently pay? How are they currently paying? How would they prefer to pay? How much does each Revenue Stream contribute to overall revenues? TYPES: Asset sale, Usage fee, Subscription Fees, Lending/Renting/Leasing, Licensing, Brokerage fees, AdvertisingFIXED PRICING: List Price, Product feature dependent, Customer segment dependent, Volume dependentDYNAMIC PRICING: Negotiation (bargaining), Yield Management, Real-time-Market Designed by: The Business Model Foundry (www.businessmodelgeneration.com/canvas). Word implementation by: Neos Chronos Limited (https://neoschronos.com). License: CC BY-SA 3.0 Designed for: Designed by: Date: Version: Business Model Canvas Key Partners Key Activities Value Propositions Customer Relationships Customer Segments Key Resources Channels Cost Structure Revenue Streams Designed by: The Business Model Foundry (www.businessmodelgeneration.com/canvas). Word implementation by: Neos Chronos Limited (https://neoschronos.com). License: CC BY-SA 3.0