The Business Model Canvas (BMC) is a strategic tool that helps organizations visually outline the key elements of their business model. It is divided into nine building blocks: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partners, and cost structure. These components collectively offer a clear overview of how a company creates, delivers, and captures value. By organizing these elements on a single canvas, businesses can easily analyze and innovate their strategies to remain competitive. The BMC promotes clarity and collaboration, making it an essential tool for entrepreneurs, startups, and established companies alike.
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