Business Model Canvas: Building a Solid Foundation for Your Startup
Mode of Session delivery: Offline
No. of Students participation: 109
No. of faculty participation: 11
Objective of event : To introduce the Business Model Canvas framework to the participants.
Benefits in terms of learning / skill / knowledge obtained: Clarified business structure, identified key elements & improved strategic planning in the minds of budding entrepreneurs.
The "Business Model Canvas: Building a Solid Foundation for Your Startup" workshop aimed to introduce participants to the Business Model Canvas framework and its application in developing robust business models. Conducted over a full day, the workshop provided an in-depth exploration of each component of the canvas. Participants started by learning the theory behind the Business Model Canvas, including its nine building blocks: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure. Facilitators used real-world examples to illustrate how successful companies utilize the canvas. The workshop included interactive sessions where participants applied the framework to their own startup ideas. They worked in groups to fill out each section of the canvas, identifying key elements of their business models and analyzing their interrelationships. Facilitators provided guidance and feedback, helping participants refine their models. The benefits of this workshop were significant. Participants gained a thorough understanding of the Business Model Canvas and its practical application. They learned how to structure their business ideas clearly and cohesively, ensuring all critical aspects were considered. Moreover, participants improved their ability to communicate their business ideas. The visual nature of the canvas helped them articulate their models clearly and concisely, which is essential for pitching to investors and stakeholders.
In conclusion, the "Business Model Canvas" workshop provided participants with essential tools and knowledge to build solid business foundations. It enhanced their strategic thinking, improved their communication skills, and provided a structured approach to developing and refining business models.
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- G.L.BAJAJ INSTITUTE OF TECHNOLOGY AND MANAGEMENT
- Greater Noida, Uttar Pradesh
- India 201306
