Business Canvas Model : Essay
8 Pages2567 Words152 Views
Added on 2020-12-26
Business Canvas Model : Essay
Added on 2020-12-26
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Essay
Table of ContentsIntroduction......................................................................................................................................1Main body........................................................................................................................................1Conclusion.......................................................................................................................................5
IntroductionEntrepreneurship is the process of designing, launching and running a small businessfirms in the market for gaining money. Entrepreneurs are the people or individuals who setupthese small businesses. Business Canvas Model is very helpful for these entrepreneurs inplanning their business. Business Canvas Model is used by the companies with purpose ofplanning the setup and strategies of the new start-up in order to gain more growth anddevelopment in the market. This model is a visual chart which consist of several elements suchas value proposition, customers, infrastructure, finances etc. This model was developed for a newstart-up named as wedding bells. This essay reflects the personal experience using Kolbexperiential learning cycles along with the business canvas plan for wedding bells.Main bodyKolb's experiential learning style theory is a four-stage cyclical theory for learning whichprovides a holistic view which combines the perception, experience, behaviour and cognitiontogether. This model was created by the theorist David A. Kolb who believes that learning is thecontinuous process of acquiring the knowledge using the previous experiences. The four stage ofthis model are Concrete Experience, Reflective Observation, Abstract Conceptualization andActive Experimentation. A person can start follow this theory in any stage but the sequence mustbe followed for getting good results. I used the business canvas model in doing this essay project.Through this model, me and my team get to know the various elements which are essential forthe growth of a successful business. The four stage of this model are discussed below in detail:InConcrete experience,My experience in executing the project was very good andsatisfactory. I get the opportunity to get to know new things which are unknown to me till now. Iget to know and understand the importance of business idea and planning which are essential inthe growth of the new business. Wedding Bells company is a new start-up who is providingevent management and wedding planning services to their customers. I get to know the methodswhich are used in development of business canvas model for new firms. I also get to knowregarding how the business ideas are developed and implemented and regarding the essentialsteps to be taken care of. The overall experience of executing the project was quite wonderful butlack of enough time is a major problem faced by me. Due to less time, the completion of theproject get delayed. 1
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