It’s profit rose by 63% in the first half of 2020, when they launched, among others, over 100 rolling stores to sell both dressed and cooked chicken during the COVID-19 pandemic.īefore the pandemic, Bounty Fresh started a chain of rotisserie chicken stalls (Chooks to Go), followed by charcoal-grilled chicken stalls (Uling Roaster) as a way to secure their future against declining import tariffs brought about by globalization. The regional rebar mills and investment in technology made it possible for Steel Asia to provide one of the most competitive offers to customers, and maintain its spot among the best steel companies in the world.īounty Fresh is one of two national dressed chicken manufacturers in the Philippines. Steel Asia also permits customers to pick up rebars from the mills, further cutting down the cost to transport rebars from mills to construction sites. The mills cut down on freight costs, and savings were passed on to customers. Steel Asia innovated its value chain when it built smaller rebar mills across different regions in the Philippines. Rebars are the lowest tier of steel manufacturing and are typically a commodity in the different major regions in the Philippines. It manufactures nearly one out of every two steel bars in all construction projects, and supplies about 80% of rebars (or reinforcing bars) for local infrastructure projects. Steel Asia is the flagship steel company in the Philippines. Let’s look at two examples to emphasize value chains and reconfiguration. 11) also comprise the financial model of a business model. It is my belief that in any business design, it is a must to define these two elements, along with these other elements below: Without reconfiguration or innovation, a firm can still have a business model but may not be as innovative compared to its competitors. It is about what to start and stop doing in your industry, in order to be different in a different way. It is the first step in defining a business’ operating model, and the step before identifying key processes and key resources in the business model map. Without understanding the value chain, firms will be missing how the flow of an idea combined with raw materials add value and are translated into output to benefit the customers, as well as the firm. The value chain, as defined by Harvard’s Michael Porter, is a set of activities a firm operating in a specific industry performs in order to deliver a valuable product for the market. Introduction to Business Model Thinkingħ.A decade ago, I introduced the Business Model Innovation seminar, featuring the “11 Building Blocks of a Business Model.” The Mansmith Business Model Map has two more elements - value chain and reconfiguration - compared to popular business model canvas models. Gain basic knowledge of the Business Model design process and related frameworks.ġ. Learn how to apply the Business Model Canvas to map out your current business model for understanding and analysis.Ĥ. Acquire knowledge of the 9 building blocks of the Business Model Canvas for value creation.ģ. Understand the key concepts of business model thinking.Ģ. Design Thinking, Value Proposition Canvas. It is most suitable for a half-day or one-day workshop to familiarize participants with the Business Model Canvas, and its other concepts and tools, e.g. It is intended to provide users with basic knowledge of the approach to business modeling. This presentation provides a basic overview of the Business Model Canvas. It is a hands-on tool that fosters understanding, discussion, creativity, and analysis. It helps organizations to align their activities by illustrating and discussing potential trade-offs in a structured manner. This innovative and increasingly popular tool can be used in a collaborative setting such as a strategy planning workshop. They include: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Resources, Key Activities, Key Partnerships and Cost Structure. These elements cover the areas of the organization's core offering, infrastructure, customers, and finances. The Business Model Canvas is a Strategic Management and Lean Startup template for developing new or redesigning existing business models to create competitive advantage.īased on the framework developed by Strategyzer, the canvas is presented as a visual chart with 9 building blocks.
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