Question: Develop a new business concept. It could be a Product or Service. This is to be based on a new business idea that you will
- Develop a new business concept. It could be a Product or Service.
- This is to be based on a new business idea that you will develop and will be presenting. Assume that you will be presenting your Lean Canvas to an Investor.
- You will outline your business model using one or more of the driving forces.Just fill the Lean canvas template or you can download it from google to get any simple lean canvas model and fill it with the responses for a new business concept. It can be any product or service.
- You will use the concepts or sources of innovation in your business model.
- Your business model must clearly show how the revenue is generated and what costs are incurred.
- You may use bullet points as long as you clearly communicate the information
| Assignment: Lean Canvas Student Name: Student Number: | |||||||||||
| LEAN CANVAS | |||||||||||
| Category - Boxes (Total /18 points) | Completed Properly (Understood the type of information that went in the section) (1 point) | Relevant Information (Provided meaningful information related to the new venture idea) (1 point) | |||||||||
| 9 BUILDING BLOCKS | Problem/Existing Alternatives | ||||||||||
| Solution | |||||||||||
| Key Metrics | |||||||||||
| Unique Value Proposition/ High Level Concept | |||||||||||
| Unfair Advantage | |||||||||||
| Channels | |||||||||||
| Customer Segments/ Early Adopters | |||||||||||
| Cost Structure | |||||||||||
| Revenue Streams | |||||||||||
| COMMENTS: | |||||||||||
| Category - Overall Lean Canvas (Total /12 points) | Exemplary 4.0 | Skilled 3.0 | Minimal Compliance 2.0 | Insufficient 1 | |||||||
EFFECTIVENESS | Uniqueness -degree to which the company is providing a new approach to the business not currently in the market | ||||||||||
| Fit -how the various building blocks tie into each other and complement each other | |||||||||||
| Comprehensiveness -how thoroughly the model covers the entirety of the scope it is aimed towards | |||||||||||
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