Business Canvas Model Essay

Added on - Dec 2020

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ESSAY
Table of ContentsINTRODUCTION..........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................1
INTRODUCTIONBusiness canvas model is refer as a business tool which is applied to visualise the overallbuilding blocks of initiating an enterprise. Kolb's experiential learning style theory force thecreation of new concepts which is facilitated through new experiences.MAIN BODYKolb's experiential learning theory explains the method whereby knowledge is developedby experience transformation. Knowledge outcomes by combining transform as well as graspexperience. It is basically represented through the four stages of learning cycle where learnerhave to considered overall bases. The four stages are as follows: concrete experience, reflectiveobservation, abstract conceptualisation and active experimentation (Kolb and Kolb, 2012). At thetime of doing report I and my group member apply business canvas model that help me to knowabout the model of business in an structured manner. It assists to improve the visual image that ishelpful for conducting this report in an effective way. All four stages are mentioned below:Concrete experiences, It is fundamentally considered as a practical experiences that anyindividuals go through at the time when they are included in some activity. This can be faced invarious methods, variations as well as modes. In this a new experiences or condition is faces orinterpretation of the present experience. While doing this report my experience is great and I getknowledge regarding many things which are not known by me earlier. The organisation WeddingBells, which facilitates various services regarding parties, marriages like event managing,wedding plan and so on. It provides an learning opportunity to me as well as to my entire team.While applying business canvas model I get know about the value proposition, segments andrelationships of customers. This model is basically useful for the start up company. As I am veryhard-working with my work. While performing any activities a certain time periods is there atthat time I realised some lack of efforts from my team side. Many disputes as well asmisunderstanding between groups which cause conflicts. Like failing to set a clear goals amongthem, failure to know about their problems and so on. Also experiences that there is lack ofcommunication skills which is an essential for everyone. Due to which at starting they did notperform well but after considering all the things it is seen that they all are improving their workand performing well by keeping asides their over all issues. So, from this stage I experiences thatbefore the matters get worst an discussion has to initiated so that problems can be resolved. All1
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