To be completed individually, you are required to apply a business model canvas that describe one of Omani local business.

The business model canvas is a great development tool that helps you specify the core elements of a business and operation model.

These elements typically include:

1. Key partners
2. Key activities
3. Key resources
4. Value proposition(s)
5. Customer relationships
6. Beneficiaries and customers
7. Channels
8. Cost structure
9. Revenue streams

Read the content on your Moodle page, and watch the video contained within it, featuring the author of Business Model Generation, Alex Oster alder who explains why competition is excluded from the canvas.

Watch these videos with Oster alder and Blank as they explain how the canvas works, and what level two use of the canvas involves:

Oster alder explains how to use the canvas to identify pains and gains by blowing up the canvas:http://www.youtube.com/watch?v=xTtvwAmjais (Links to an external site.)

When you are completed the reading task and watching the videos, answer the following questions and submit your answers to Moodle page

Question 1 : 

Write executive summary about the business that you have chosen. (Must be Oman based Business)

Question 2 : 

Fill out the nine elements of business model canvas based on that business.