The key resources building block describes the most

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"The Key Resources Building Block describes the most important assets required to make a business model work. Key resources can be categorized as Physical Intellectual Human Financial" Key Activities "The Key Activities Building Block describes the most important things a company must do to make its business model work. Key activities can be categorised as Production Problem solving Platform/Network" Key Partnerships "The Key Partnerships Building Block describes the network of suppliers and partners that make the business model work. Four different types of partnerships Strategic alliances between non-competitors Coopetition: strategic partnerships between competitors Joint ventures to develop new businesses Buyer-supplier relationships to assure reliable supplies" Cost Structure "The Cost Structure describes all costs incurred to operate a business model. Two broad classes of business model cost structures 23
Cost-driven Value-driven" Critiques of Business Model Canvas It is quite an abstract framework It is quite focused on some key stakeholders, but notably not others It seems somewhat blind to levels outside of the organization as we have talked about them It is very much designed around SMEs and startups o It likely is ill suited to large complex organizations o As with many frameworks, it lacks the fourth dimensions However, it offers a great deal of utility for those in the process of creating a business Critiquing the heroic entrepreneur What critiques of entrepreneurship exist? Where does positive social change come into entrepreneurship? Where does health and happiness come into entrepreneurship? o Why is starting your own business, more prestigious than working for someone else, and finishing at 5 and being home in time to have dinner with your family? Mythicizing, idealizing, and heroification of entrepreneurs o Entrepreneurs are looked up to within capitalist societies as "they did it" o Many see this as it means someone's value in society, is tied to their ability to be successful in business o Many have argued that business is not a meritocracy o But every culture/organisation has values. Heroes are simply paragons of those values Critique of the critiques “We need heroes first and foremost because our heroes help define the limits of our aspirations. We largely define our ideals by the heroes we choose, and our ideals -- things like courage, honor, and justice -- largely define us. Our heroes are symbols for us of all the qualities we would like to possess and all the ambitions we would like to satisfy.” (La Barge, 2000, np) Lecture 8: Design Thinking What is innovation?
What is Design Thinking?

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