logo

Business Model Canvas Assignment (Doc)

7 Pages2155 Words173 Views
   

Added on  2020-10-05

Business Model Canvas Assignment (Doc)

   Added on 2020-10-05

ShareRelated Documents
Essay
Business Model Canvas Assignment (Doc)_1
Table of ContentsIntroduction......................................................................................................................................1Main Body.......................................................................................................................................1Conclusion.......................................................................................................................................5
Business Model Canvas Assignment (Doc)_2
IntroductionBusiness model canvas can be defined as a process of strategic management which anorganisation use to develop its new business model or to modify the existing one. This reportdescribes the use of this business canvas model in setting up a new company Wedding Bellswhich provides services in arranging various functions and parties. This model helps thecompany to develop strategic tools. This report includes Kolb’s cognitive content learning theoryinputs which are used for development of new concepts for the business. These are formulatedby new experiences and involves the learning of conceptual concepts that are applied flexibly invarious situations.Main Body The report constitutes Kolb’s experiential learning style theory which involves fourstages of learning. In general terms Learning is basically represented as a process whereasknowledge is meant to be gained by the help of transforming experiences. The four stages oflearning style are: Concrete experience, Reflective Observation, Abstract Conceptualization,Active Experimentation. At the time when me and my team were working on this project weused the business canvas model which really helped us to figure out about a business model infully effective and structured way. It helped us in developing the basic perceptions which wasvery essential in formulating the project in appropriate manner. The Four stages of Kolb'sexperiential leaning theory are discussed below:Concrete experience : While working on the project I had a wonderful experience and ithelped me to discover many new things which I was unaware about. Me and my team felt theimportance of a business idea which it holds to run a business successfully. The new companyWedding Bells which provides services in managing events and organising parties. With thehelp of this research I learned the importance and use of business canvas model in gettingsuccess to a organisation. I learned about developing the business ideas and to considernecessary steps while formulating them. The overall experience me and my team had was goodbut, we faced issue with one aspect and it is time management because we were unable to finishthe work in the required time. As a team we all had great experience as we felt there was a good1
Business Model Canvas Assignment (Doc)_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Business Canvas Model : Essay
|8
|2567
|152

Kolb's Experiential Learning Theory
|8
|2294
|84

Kolb's Experimental Learning Theory
|10
|2321
|438

Business Model Canvas Essay
|8
|2462
|273

Business Canvas Model Essay
|8
|2196
|318

Reflection and Evaluation
|6
|1098
|154