Final Exam #2
Final Exam #2
Final Exam #2
Student: Zimo He
Course: MGTA 4001 Advance Entrepreneurship
Professor: Tasha Richard
Due Date: April 12th, 2021
Question #2:
Traditional business model canvas describes how businesses make money and
plan to do so. It explains who the company's customer base is, how it provides value
to them, and the details of financing. “The traditional business model canvas allows
these different components to be defined on a single page. The traditional business
model canvas is a strategic management tool that allows management to visualize and
evaluate the business from an idea or concept” (Athuraliya, 2021). The traditional
business model canvas has nine parts which works by providing a simpler way to
understand the different core elements of a company's business.
Examples: according to the website, the first one, automatic companies
like Honda or Toyota which focus on safety, reliability, style and mass appeal. For the
value propositions, they aim to provide affordable and stylish cars with great
efficiency and safety to people who need their cars to travel or move often. For
channels, they have to paid advertisements on media or official website and many car
shows. For customer segments, customers are looking for affordable vehicle with
excellent efficiency, also looking for good performance, and concerned with safety
problems (Corporate Finance Institute, 2020); based on the Internet information,
secondly, e-commerce companies like Amazon. For key resources, their products are
from shipping, warehouses centers and cloud servers. For channels, global
distribution through shipping partners and centers, also online markets and other
retailers indirectly from Amazon. For the customer relationships, online
communication channels are send products to customers all over the world and build
in supporting on Amazon official app or website (Corporate Finance Institute, 2020).
Sustainable business model canvas is a great tool that allows businesses to think
about the areas “where they are most relevant in the context of the triple bottom line
(TBL). It allows companies to maximize their sustainability impact while minimizing
external negative impacts” (Threebility, n.d.), and it is quick and easy to accomplish.
Sustainable business model canvas has eleven parts which supports the development
of an idea into a sustainable business model. In addition to questions of economic
benefits, “it also focuses on the ecological and social consequences of activities. It
aims to maximize the positive effects and avoid negative effects on society and
nature” (CASE, n.d.).
Examples: according to website information, PepsiCo which has been publishing its
Sustainable Development Goals and annual reports since 2005. They involve three
aspects: sustainability of people, sustainability of talent and sustainability of
environment. By 2025, they plan to reduce the amount of sugar and fat added to their
products, design 100% of their packaging to be recyclable, and reduce waste by 50%
(Vos, 2019); based on the Internet, Dell which focuses on using technology to
transform lives, foster inclusiveness and promote sustainability. Integrating alternative
materials into products and packaging, designed for obsolescence and recycling,
committed to energy efficiency, Dell is committed to reducing greenhouse gas
emissions, properly recycling (or recycling) used electronics, finding sustainable
materials, and only partnering with responsible suppliers (Vos, 2019).
Citations
Corporate Finance Institute. (2020, June 30). Business model canvas examples -
automobile & amazon case studies. Retrieved from
https://corporatefinanceinstitute.com/resources/knowledge/strategy/business-mo
del-canvas-examples/.
Vos, L. (2019, August 30). What is sustainability in business? (+10 brand examples).
Retrieved from
https://learn.g2.com/sustainability-in-business#:~:text=10%20strong%20brand
%20examples%20of%20sustainability%20practices%201,...%208%20General
%20Mills.%20...%209%20Dell.%20.