Self-assessment questions (SAQs)

SAQ 1

Mark the following statements as true or false.

a. The Business Model Canvas is useful for people looking to model or add/adapt structure to their organisation or idea.

True

False

b. It’s best when the Business Model Canvas is completed by only one person so that everything is seen from the same perspective.

True

False

c. The Business Model Canvas is a graphical, one-page framework that allows you to design, describe and/or challenge your business model.

True

False

d. Business models provide the framework for creating value out of new ideas.

True

False

e. Working with colleagues to give structure to an idea helps to draw out important risks and assumptions.

True

False

f. The Business Model Canvas offers a single-page tool for thinking through the business and keeping the key points highly visible to you, your team, and other stakeholders.

True

False

g. The Business Model Canvas is a visual representation of your strategy, products you should offer, people you should focus on, paths you should take and resources you should use to make your own idea as successful as possible.

True

False

h. Taking the time to outline your model and explore it in detail enables you to commit to your first idea without the need to adapt or change it.

True

False

SAQ 2

Interactive content is not available in this format.

SAQ 3

Match the items from the Business Model Canvas to their associated questions.

Value proposition

Key activities

Key resources

Key partners

Audience relationship

Audience segments

Distribution channels

Cost structure

Revenue stream

Who will help you?

Who do you help?

What will it cost?

What do you need?

What do you do?

How much will you make?

How do you reach them?

How do you interact?

How do you do it?

SAQ 4

For each of the descriptions below, select whether or not it represents a good value proposition.

  1. Describes quantifiable value

A good value proposition

Not a good value proposition

  1. Written in complicated language

A good value proposition

Not a good value proposition

  1. Relevant to customer/beneficiary

A good value proposition

Not a good value proposition

  1. Uniquely differentiating

A good value proposition

Not a good value proposition

  1. No longer than one sentence

A good value proposition

Not a good value proposition

  1. Can be proved

A good value proposition

Not a good value proposition