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Business models in strategic management
Business models in strategic management

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5.2 Putting knowledge into practice

In the last nine activities (Activities 12 to 20), you focused on the building blocks of your business model canvas and answered questions that could help you to advance your professional development and career growth. The next step is to consider possible links between your answers to the different questions posed to you on your career strategy.

Activity 21 Your business model canvas

Timing: Allow around 15 minutes

Review your answers to Activities 12 to 20 and amend any that you think need changing when considering the possible links between them. You may add, remove, or change your answers in your business model canvas. Then include your finalised answers in the blank business model canvas in the link below.

Your value proposition

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Your core activities

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Your resources

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Your partners

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Your customers

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Your customer relations

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Your channels

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Your sources of income

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Your cost structure

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Blank business model canvas [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)]

You can now use the completed business model canvas to visualise your professional growth. Keep it at hand to plan steps needed to achieve your professional goal and to monitor areas you need to improve in. Perhaps, you need to strengthen your relationships with partners to attain your professional objectives. It is also possible that you will need to revise your channels to become more visible to those you help.