Business Model Canvas Assignment Example | Topics and Well Written Essays - 750 words

Business Model Canvas - Assignment Example More so, the Organisation believes in commitment, honour and courage in every aspect of their work (Jamison, 2004). Business model can create an enormous difference between dismissal failure and global leading success. For instance in 1959, the first plain paper copier was a prospective game changer but it was six times more expensive compared to the alternative copiers. As a result, the Company Xerox 914 decided to come up with a new business model. Instead of selling the machine, the Company hired it for ninety five dollars per month and charged a small amount of cents per copy for the number of copies that exceeded 2000 per month. As a result, customers made a large number of copies in the same era, thus the Company generated a large amount of money from the machine. Osterwalder Alexander was so pleased about the idea, thus came up with a Business Model Canvas, which was a simple graphical template that described the nine important components in a business. They include; value propositions, resources, customer segments, customer relationships, business activities, revenue streams, costs, channels and partnerships (Osterwalder, Pigneur & Smith, 2010). In this regard, the Business Model Canvas is a tactical management template that is essential in creating new or documenting the already existing business models (Greenwald, 2012). Business Model Canvas is as very essential aspect in every organisation. In this regard, much emphasis should be placed on its utilisation so as to enhance the efficiency of the organisation, thus attain the stated goals. The United States Marine Corps cannot predict the uncertain event that may be faced by people. Thus, if such occurrences occur, the organisation has the duty to protect the citizen and its interests. In order to achieve the stipulated goals, the organisation ought to put into consideration a number of essential aspects. In this case, the United States Marine Corps