Original Idea The original idea was actually nothing. It only stated the idea of selling customized shoes online. There was no mention of how to create extra value to the business. Most probably the entrepreneur thought that it is not a feasible idea at all.
Business Model Canvas The Business Model Canvas is a strategic management template for developing new or documenting existing business models. It is a visual chart with elements describing a firms Value proposition Infrastructure Customers Finances It assists firms in aligning their activities by illustrating potential trade-offs.
Business Model By Alex Osterwalder PARTNER CUSTOMERINFRASTRUCTURE CUSTOMER NETWORK RELATIONSHIP KEY RESOURCES Portrays the OFFER Explains the TARGET network of relationships a CUSTOMER cooperative company Outlines the agreements with VALUE establishes with PROPOSITION Describes the capabilities other companies its customers customers a required to run a Gives an overall company wants to companys VALUE view of a DISTRIBUTION offer value to business model CONFIGURATION companys bundle CHANNEL of products & Describes the Describes the services channels to arrangement of communicate and activities and get in touch with resources customers Sums up the Describes the monetary COST REVENUE revenue streams consequences to STRUCTURE FINANCE STREAMS through which run a business money is earned model
CUSTOMER Orders Web Portal Or de rsCustomers UrShoe.com Courier (5-7 Days) er d Ord m ize Cu sto s Inventory G ood edSuppliers ish Assembling Unit Fin
CUSTOMER • Builds strong trust and guarantee good quality • Provide unique customer experience which will help in buying decision of other customers• Create virtual relationship with customers by building easy, secured, reliable, cost effective, efficient platform• Lower buyer search cost • Through advertisements keep them well informed