In a Lean startup method we take the following steps when we have identified the customer problem and a tentative solution for the same:
1. Delve deep into the customer problem with experts and team members.
2. Define the requirments,
3. Derive the solution.
4. Test at under guarded condition and monitor.
5. Once successful, test the solution at real time basis.
6. If you find an error go through the above steps, else implement the same.
7. Monitor the solution and improvize.
The nine building blocks of Business Model Canvass-
Customer Segments – An organization serves one or several customer segments.
Value Propositions – It seeks to solve customer problems and satisfy customer needs with value propositions.
Channels – Value propositions are delivered to customers through communication, distribution, and sales Channels.
Customer Relationships – Customer relationships are established and maintained with each customer segment.
Revenue Streams – Revenue streams result from value propositions successfully offered to customers.
Key Resources – Key resources are the assets required to offer and deliver the previously described elements…
Key Activities – …by performing a number of key activities.
Key Partnerships – Some activities are outsourced and some resources are acquired outside the enterprise.
Cost Structure – The business model elements result in the cost structure.
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