Purpose Of This Assignment Is To Create A Business Model.

Purpose Of This Assignment Is To Create A Business Model Canvas Highl

The purpose of this assignment is to create a business model canvas, highlighting how human-centered design and technological advances can be used to solve real-world business problems. This individual assignment is based on the group decision to move forward with a viable hypothesis from the Topic 2 CLC assignment. Expand upon the hypothesis to create an improved hypothesis, based upon at least five sources. Build out each portion in the lean business model canvas. Be sure to include your time and potential expenses within Key Partners, Key Activities, and Key Resources.

Based on your individual hypothesis and developed persona that was pitched to the group, develop a summary of your canvas model for submission and feedback. Within your word summary of the business model canvas, include research from at least five sources. Your final deliverable in Topic 7 will contain both a PDF of the business model canvas and a Word document summary. For this assignment, you will only create your draft Word document, which will contain a summary of your business model canvas. Within the summary, include your ideas for key partners, key activities, key resources, value propositions, customer relationships, customer segments, channels, cost structure, and revenue streams. Your summary will receive peer feedback in Topic 6. While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.

Paper For Above instruction

The creation of a comprehensive business model canvas is a strategic exercise that synthesizes human-centered design principles with technological innovations to address active business challenges. This assignment directs an individual effort to develop a detailed canvas that articulates how specific business hypotheses, refined from prior group activity, can be implemented and tested in real-world contexts. The purpose is to leverage these insights to enhance value propositions, streamline operations, and establish sustainable revenue streams informed by current academic and industry research.

Building upon a hypothesis derived in earlier collaborative tasks, this individual submission seeks to construct an enhanced, evidence-backed hypothesis that encapsulates customer needs, technological opportunities, and market gaps. This process involves expanding upon an initial idea by integrating insights from at least five credible sources—academic journals, industry reports, or reputable online publications—that support the suggested value propositions and operational strategies.

The core of the assignment involves filling out each component of the lean business model canvas. This includes defining key partners—entities and resources vital to value creation—along with the associated time commitments and expenses. Key activities should specify critical processes and technological implementations necessary to deliver value. Key resources encompass physical, human, and informational assets, with attention to resource costs and availability.

Further, the student must articulate the value proposition—what unique benefits the business offers—and describe customer relationships, channels, and market segments. These elements must be aligned with the persona developed in earlier exercises, ensuring a targeted and compelling customer experience. The cost structure should reflect detailed estimates of expenses associated with key activities, partnerships, and resources, while revenue streams need to delineate how value is monetized—through sales, subscriptions, licensing, etc.

The final deliverable is a written summary supporting the visual business model canvas. This document must synthesize research findings with strategic insights, providing a coherent narrative that explains how the proposed business can leverage human-centered design and technology for operational success. The summary also prepares for peer review and feedback, emphasizing clarity, logic, and academic rigor.

While APA formatting is not compulsory for the body of the document, proper citation of sources is essential to substantiate claims and enhance credibility. The assignment underscores the importance of thorough research, critical analysis, and strategic thinking, as reflected in the rubric criteria. Students must also submit the draft in Word format, preparing for final submission of the completed business model canvas and a detailed PDF visual.

References

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