What does resources mean in business model canvas?

The key resources of the business model landscape are the main inputs and assets that the company uses to operate effectively. In other words, it's what you need.

What does resources mean in business model canvas?

The key resources of the business model landscape are the main inputs and assets that the company uses to operate effectively. In other words, it's what you need. Key resource types include human resources, financial resources, physical resources, and intellectual resources. Key resources describe the most important assets needed for a business model to work.

These are the resources that allow a company to create and offer a value proposition, reach markets, maintain relationships with customer segments and obtain revenues. Key resources can be tangible or intangible and represent assets that differ from one company to another. However, in most cases, key resources will be defined by materials, equipment and people. The company can own these resources, lease them or acquire them by other means.

In many business models, you may not have all of your organization's key resources, so you may have to partner with other organizations and individuals to access them. Software, for example, is not usually considered a “physical resource”, but computer applications acquired in the business world behave more like material objects than as truly intangible resources. Ericsson, the telecommunications manufacturer, offers an example of leveraging financial resources within a business model. The centerpiece is the Business Model Canvas, which covers the six main areas of a business model (operating, value, service, experience, cost and revenue models).

We will discover your current business situation and your objectives and provide you with a customized solution that will help you dramatically grow your business by working with us. This begins a phase of the BMC in which you will make more phone calls to companies than to customers, and it is imperative that you ask questions that further develop your BMC. To complete the key resource core component of the business model sustainability canvas, you'll need to analyze the most important inputs and assets that your organization uses to make your business model work and determine if a partner has access to any of them. The blockchain-based model is similar to a platform-based business model, but with an important twist, decentralization should be the key element that allows both decision-making and the way in which incentives are distributed on the network.

In section 7.1, there is information on the importance of making effective resource decisions that support long-term sustainability. Amazon is also an infrastructure-driven company because its primary function is to sell products online. It's a framework for starting to draw a mental map of the key components of your company or how it looks as it grows. The key resources of these companies are human and intellectual because, in general, they can access intellectual property and knowledge in their specific industry and in their particular niche.