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SHIV DIXIT

CHAIRMAN - BITE INDU...ย โ€ขย 7m

๐Ÿ“– DAILY BOOK SUMMARIES ๐Ÿ“– ๐Ÿš€ 12 Lessons From ๐Ÿ‘‰ ๐Ÿ”ฅ Business Model Generation ๐Ÿ”ฅ โœจ By Alexander Osterwalder โœจ 1. Customer Segments: โ€ข Identifying the different groups of people or organizations a business aims to reach and serve โ€ข Importance of understanding each segmentโ€™s specific needs, problems, and behaviors to tailor products and services 2. Value Propositions : โ€ข Describes the unique value a company offers to its customer segments โ€ข It can be innovative or fulfill a need better than competitors. It includes aspects like newness, performance, customization, and price 3. Channels: โ€ข The means by which a company delivers its value proposition to customers โ€ข Includes communication, distribution, and sales channels, both direct and indirect. Understanding customer preferences in channel interaction is key 4. Customer Relationships: โ€ข Outlines how a company interacts with its customer segments to acquire, retain, and grow customers โ€ข Relationships can range from personal assistance to automated services, each influencing customer experience and loyalty 5. Revenue Streams: โ€ข The ways a company generates income from each customer segment โ€ข It covers pricing mechanisms and strategies, including one-time payments, subscriptions, licensing, and brokerage fees 6. Key Resources: โ€ข The most important assets required to make a business model work โ€ข These resources can be physical, intellectual, human, or financial and are crucial in delivering the value proposition, reaching markets, and maintaining customer relationships 7. Key Activities: โ€ข The most important actions a company must take to operate successfully โ€ข Includes activities like production, problem-solving, platform/network maintenance, and more, which are critical to delivering the value proposition 8. Key Partnerships: โ€ข The network of suppliers, partners, and alliances that help the business model work โ€ข Partnerships can reduce risk, optimize resources, or allow a company to acquire necessary resources and activities from outside. 9. Cost Structure: โ€ข Describes all the costs incurred to operate a business model โ€ข It involves understanding the most significant costs in the business and how they are tied to key activities and resources. The business model can be cost-driven (focused on minimizing costs) or value-driven (focused on creating value) 10. Innovation and Prototyping: โ€ข The book encourages using innovation to stay competitive and suggests prototyping business models to test and refine ideas before implementation 11. Storytelling: โ€ข It highlights the power of creating a compelling narrative around the business model to engage stakeholders and communicate value effectively 12 Iteration and Adaptability โ€ข Emphasizes that business models should evolve based on market feedback and changes, advocating for a willingness to pivot when necessary ๐Ÿ”— You can download this book for free from comment section ๐Ÿ”—

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๐Ÿ“– DAILY BOOK SUMMARIES ๐Ÿ“– ๐Ÿ”— DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE โ€” https://drive.google.com/file/d/1-g9eWs8vbHNeg4vhUNAIInHJc568N9v3/view?usp=drivesdk ๐Ÿ”ฅValue proposition design ๐Ÿ”ฅ ๐Ÿš€ 20 Lessons ๐Ÿ‘‰ โœจ Alexander , Yves , Greg , and Alan โœจ

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