Business Model Canvas Critical Reflection

Critical Reflection Paper “Business Model Canvas” Ing. Maria Paula Helo Intercultural Management and International Negotiation Professor: Ricardo Altimira Madrid, Spain September 20th 2012 “A business model (BM) describes the rationale of how an organization creates, delivers and captures value”. Considering a BM is part of an organization’s strategy, the previous statement invites to the importance of having a model that is accurate and precise, yet easy to follow and develop.

In other words, a model that uses a common language that works for every type of company regardless of its sector, antiquity or nature (public or private). This is precisely the objective of the Business Model Canvas (BMC). Using the main pillars upon which a company is based, this tool helps to organize and follow your individual/group thoughts as entrepreneurs, giving room for feedback and improvement in order to guarantee a success/innovation.

Using principles of the BMC, this reflection will relate its application to my career/professional goals, and also for the ETP’s. As an engineer, I’ve worked in consulting for medium size and large companies; nonetheless, my goal is to start a consulting company in Colombia. What better way to ideate it, than with a model that has proved to be successful for companies like Ericsson, Deloitte, McKinsey, etc.?. It is important to gather a group of partners with diverse perspectives to brainstorm using the canvas, and develop business model prototypes.

This DT exercise along with a model that clearly defines the building blocks that the company should conceive, will allow me to set a solid foundation for my project. This is important, for there are multiple engineering-consulting firms, making the innovation process mandatory to add value to the company and be successful. I believe ETP’s should be conceived as companies that need to apply a BM in general; particularly, the BMC is a straightforward way for it. It has been successful for public entities and projects like the Public Works and Government Services of Canada.

Tom Graves proposes to modify the labels that the model defines, not only directing it to a monetary success but adding different value, depending on the purpose of the ETP to reach its goals, attract stakeholders and generate sustainable projects and sectors. To conclude, I believe the BMC clearly condenses the principles of BM’s and strategy. By adapting it to an appropriate environment depending on the type of organization, it’s possible to apply it to entrepreneur projects like a consulting company or a technology platform for an entire country. ——————————————- [ 1 ]. OSTERWALDER. Alexander, PIGNEUR. Yves. Business model generation. 2009. [ 2 ]. OSTERWALDER, Alexander. Business Model Innovation Matters. Extracted from: http://www. slideshare. net/Alex. Osterwalder/business-model-innovation-matter. Consulted: 20/09/2012 [ 3 ]. DT: Design Thinking [ 4 ]. Graves, Tom. Using Business Model Canvas for non profits. Tetradian (Blog). 2011. Extracted from: http://weblog. tetradian. com/2011/07/16/bmcanvas-for-nonprofits/. Consulted: 20/09/2012.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyHomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Thank youuuu
Customer 452729, May 30th, 2021
Thank you for your hard work and help.
Customer 452773, February 13th, 2023
Business and administrative studies
excellent paper
Customer 452773, March 3rd, 2023
Business and administrative studies
great job as always
Customer 452773, February 26th, 2023
Business and administrative studies
Thank you for your hard work and help
Customer 452773, February 21st, 2023
Business and administrative studies
always perfect work and always completed early
Customer 452773, February 21st, 2023
Business and administrative studies
Customer 452773, February 23rd, 2023
Love this writer!!! Great work
Customer 452597, April 5th, 2021
Don't really see any of sources I provided, but elsewise its great, thank you!
Customer 452697, May 8th, 2021
Business and administrative studies
Excellent job
Customer 452773, March 9th, 2023
Impressive writing
Customer 452547, February 6th, 2021
Social Work and Human Services
Although it took 2 revisions I am satisfied but I did receive it late because of that.
Customer 452603, March 25th, 2021
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes


eskişehir escort
- Korsan taksi Antalya


eskişehir escort
- Korsan taksi Antalya