Wednesday, March 13, 2013

Third week(7-3-2013)_KEE120059

    The third week class of Basic of Entrepreneurship Culture was a very informative and knowledgeable class.  The nine building blocks of business model canvas were introduced thoroughly throughout the lesson. 
The nine building blocks of business model canvas are:
     *Customer Segments
     *Value Propositions 
     *Channels
     *Customer Relationships
     *Revenue Streams
     *Key Resources
     *Key Activities
     *Key Partnerships
     *Cost structures
      Since most of my group-mates have mentioned about it in details, I would like to give some conclusion for the study instead of explaining the nine building blocks.

   These nine building blocks can be done as a basic guild line of entrepreneurs  to uphold and follow when starting up a new business. Most perspective and values needed for a business to run was brought out explained theoretically.

      However, business as well as entrepreneurship culture can be said as one of the most fluid and dynamic field of study among all the other subjects. The same concept and foundation such as these nine building blocks can run for a vase variety of business in our daily life. So, to learn and understand all the meanings and concepts of these nine building blocks is one thing, but actually, to apply and suit these nine building blocks inside our own businesses is something much more important and crucial in real world.
     

   We are very lucky to have a very experienced lecturer that always come out with an example for each building blocks instead of learning solely the theory. These real cases let us understand in a much easier and faster way, as well as to taught us about the practical use of these nine building blocks.

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