Experiential evaluation/assessment of the business model of your organization
Conduct/construct an experiential evaluation/assessment of the business model of your organization (or one with which you are closely familiar) using the business model canvas and related text. I have attached the business model that needs to be used.
Introduction: Managers who want to improve the effectiveness of their business model and organization, as well as to increase their own ability to manage, use diagnostics/assessments to determine the reality of business effectiveness in comparison to what they originally envisioned. Good feedback contributes to the development of plans to improve business/organizational effectiveness and management performance.
Instructions: Students will write a 2500-3000 word (about 10 pages in the main body) properly formatted APA paper (including a title page and references page, but no abstract) that evaluates/assesses the overall effectiveness of the business model used by your organization. This is the third of three assignments that draws from your association with your organization. The previous two “canvas” assignments flow into this one. Identify one or more of the building blocks from the business model canvas where modification should be recommended. Be careful to avoid bias in determining the issue/problem identified by using the canvas. Do not merely critique, but contribute to your organization’s overall success. This paper should be the culmination of the overall work you have done with the business model canvas so that all the pieces go together.
Your final paper should include:
• I have attached this. Your business model canvas – Post-It notes discussion/observations (week 2)—summarize this area, but provide the initial canvas.
• Identification of theoretical/behavioral trends that you observe in the business model and organization I have attached this (week 5)—summarize this, do not merely cut and paste.
• Discussion of appropriate theory, metaphors, and frames with which to describe your business model in operation, as well as to identify areas needing improvement and how to get there.
• Use of the Osterwalder/Pigneur text to evaluate and diagnose your organization’s business model, as well as an integration of the course materials into your writing and consideration.
• Recommendations for improvements identified using the canvas, theories, and assessment tools used in this course. What are the expected outcomes.
• Use eight scholarly sources besides our textbook (especially case studies) to undergird your assertions from peer-reviewed literature.
• Thoroughly familiarize yourself with the assignment specs and ask questions if you are unsure of expectations.
• Must be plagiarism Free
Sample Solution
Task Overview
This assignment requires a deep dive into an organization's business model using the Business Model Canvas as a framework. The goal is to assess the model's effectiveness, identify areas for improvement, and propose actionable recommendations.
Key Components
- Business Model Canvas Analysis: A thorough examination of the organization's current business model using the nine building blocks of the canvas
Full Answer Section
- Theoretical Framework: Application of relevant business theories and concepts to understand the underlying dynamics of the business model.
- Problem Identification: Pinpointing specific areas within the business model that require improvement.
- Recommendation Development: Proposing actionable solutions to address identified issues, supported by evidence and research.
- Data Availability: Access to accurate and comprehensive data about the organization's operations may be limited.
- Subjectivity: Assessing a business model involves subjective judgment, requiring careful consideration of multiple perspectives.
- Complexity: Business models are often complex systems with interconnected elements, making analysis challenging.
- Internal Documents: Financial reports, strategic plans, market research, and employee surveys.
- External Data: Industry reports, competitor analysis, customer feedback, and economic data.
- Interviews: Discussions with key stakeholders within the organization to gain insights into the business model's strengths and weaknesses.
- Introduction: Clearly define the purpose of the evaluation, introduce the organization, and provide an overview of the methodology.
- Business Model Canvas Analysis: Present a detailed analysis of the organization's business model using the nine building blocks of the canvas.
- Theoretical Framework: Discuss relevant business theories and concepts that inform the evaluation.
- Problem Identification: Identify key areas of the business model that require improvement, supported by evidence and analysis.
- Recommendations: Propose specific actions to address the identified issues, including potential implementation challenges and mitigation strategies.
- Conclusion: Summarize the key findings and reiterate the importance of ongoing business model evaluation.