〰️Business models
An exercise in understanding the power that business has to affect People, Planet and Profit.
🎯 Invitation
Businesses have a huge impact on our world. By doing this exercise you can begin to understand the many ways that this can happen. Your projects will be richer and more dimensional with an understanding of the impact that a venture can achieve.
Start by looking at the tabs below.
What is a business?
A business can be many things: An entity that sells something An entity that generates profit An entity that makes a product or sells a service.
What is a business model?
A business model is: The way a business operates their plan The structure through which a business makes money They can exist for the benefit of the community
Examples of interesting business models
**Toms shoes **- for every pair of shoes sold, one is given away **A shop **- buy cheaply and sell marked-up products **Leasing model **- e.g. electric battery Printers and razors - make money on consumables
👀Overview: Simplified Business Model Canvas
A Business Model Canvas helps you focus on your vision and break down how to achieve it, on a single clear page.
This simplified layout (the original was by Osterwalder and Pigneur), gives you a bird’s eye view of your activity to spark new ideas from a different perspective. It also enables collaborative discussions by helping to set out the key elements and showing how everything interrelates, particularly when related to social and environmental impact.
The Miro board contains one example and one blank canvas. Go through the example with the group until the basic concepts are grasped, then divide the group into threes and give each group a task to fill in the canvas for a particular company.
A further stage can be added where students fill in the canvas for their current project.
📝 References
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