A strategic management tool called the Lean Model Canvas is used to create and execute business models that follow the lean startup methodology's tenets. The value proposition, target market, and revenue streams of a business model are all included in this one$-$page visual summary. The purpose of the Lean Model Canvas is to assist companies and entrepreneurs in rapidly and simply testing their company concepts and in making well$-$informed decisions regarding their business plan. On the other hand, business models built on the tenets of conventional business strategy are developed and put into practice using the conventional Business Model Canvas, a strategic management tool. It is a one$-$page visual synopsis of a company's essential elements.