Assessment 1: Deconstructing the Business Model of Black Cat Syndicate

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Assessment 1: Business Model Deconstruction
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Table of Contents
Description of business....................................................................................................................3
Business Canvas Model...................................................................................................................4
Key Relationships............................................................................................................................7
Critical Success Factors...................................................................................................................8
Factors Impacting on the Success....................................................................................................9
Conclusion and Recommended Changes.......................................................................................10
References......................................................................................................................................11
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Description of business
Black Cat Syndicate is an Australian business organization involved in the process of mining
and developing raw gold. The business is listed in the Australian Stock Exchange and is
established since 2017. The business is involved in the process of extensive drilling which aids
in the development of raw gold from the mines. The business is using innovative techniques and
strategies which have aided it to develop and undertake effective gold management (Black Cat
Syndicate, 2018). The business is focused on the exploration and development of high-grade
Bulong Gold Fields. The business operates in the areas of 25 km east of Western Australia. The
business has developed resources such as sealed roads and main power running through the
projects handled by the business organization. The business correlates to mining and resource
extraction industry and works in the area of alluvial gold nugget recoveries (Black Cat
Syndicate, 2018).
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Business Canvas Model
Key partners
Key partners are
identified as the
business
assistants and
suppliers that
support for the
undertaking the
business
functions and
practices in an
effective manner
(Sivakugan, et.
al., 2015). The
key partners
identified for the
business of Black
Cat Syndicate
are:
 Suppliers of
component
 Regulators
 Providers
of electric
vehicles
Key activities
Key activities are
denoted as
different business
processes and
functions that are
undertaken in
order to
accomplish the
business aims and
objectives. Key
activities for the
business are as
follows:
 Resource
Allocation
 Resource
assessment
 Identificat
ion and
Exploration of
gold
 Extraction
and Mining
 Gold
Value
proposition
Value
propositions are
the business
resources,
strategies, and
approaches used
by the business in
order to develop
value in the
business
processes and
functions. The
value
propositions
identified in the
business are as
follows:
 Managem
ent of legal
regulations
Administration of
mining facilities
(Zandoval
Bonazzi, et. al.,
Customer
relationship
Customer
Relationship
management is
required to
ensure solid and
long term trade
relationship in
the business.
Black Cat
Syndicate is
developing
effective
relations with
the client base
as follows:
 Ethical
and sustainable
mining policies
 Evolvin
g communities
 Engagin
g customers in
decision-
making
Customer
segment
A customer
segment is an
approach
through which
business
identifies
different
customers based
on their
segments and
divisions.
 Private
Companies
 Governm
ent agencies
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 Machiner
y and suppliers
 Departme
nt of mines and
petroleum
 Employee
s
 Managem
ent
Purification
 Processin
g of Gold
2014)
 Enlarging
the gold base
 Effective
and ethical
identification of
gold mines
(Linde, et. al.,
2012)
 Cost
Effective
management of
the resources.
processes
Key resources
These are the
material and
resources
required to
undertake
business
processes and
accomplish the
goals in an
effective manner.
The key resources
used by Black Cat
Syndicate are as
follows:
 Human
Resources
 Innovative
technologies and
strategies
 Technical
know how
Channels
Channels refer
to the
 Publicati
on of reports
 Technic
al assistance
 Researc
h collaboration
 Public
contacts
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 Laborator
y
Cost Structure
Cost structure refers to different costs used by
the business to support the business services
and processes. The cost structure includes fixed
and operational costs as per the needs and
requirements of the business processes. The
costs used by Black Cat Syndicate are as
follows:
 Chemicals
 Machinery
 Equipment
 Data center operations
 Research and development
 Mining cost
 Exploration cost
 Processing cost
 Purification Cost
Revenues
Revenues are the surplus earned by the
business through its operations and processes.
The sources of revenues for the business of
Black Cat Syndicate are as follows:
 Seals of intermediates
 Advertising
 Gold sales
 Annual budgets
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Key Relationships
The 9 building blocks of Business Canvas Model have a highly integrated relationship and
partnership with each other. These 9 blocks serve as a defined structure that enables to include
different aspects and functions of the business. It is necessary for the key business partners and
the resources to work in an integrated and effective manner to ensure for business and its
development. The elements of cost structure and customer relationship aid in organizing and
managing the financial resources to accomplish the business aims and objectives (Brüger, et. al.,
2018). At the Black Cat Syndicate, the cost structure is designed in a manner that supports for
the scarcity of the resources available with the business and its operations. The practice of
effective customer relationships also provides for creating brand loyalty and brand value in the
perspectives of the customers and the communities the business operates.
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Critical Success Factors
There are various success factors that have aided the business to achieve the aims in a
sustainable and ethical manner. The business has been focusing on developing effective policies
and strategies that develop for process efficiency. The processes and procedures followed at
Black Cat Syndicate are complex and entails hazardous practices that impact on human
resources. Therefore the business has strategically developed on such health and safety measure
and policies that develop for safeguarding the interests of the labor and the human resources.
Another success factor identified at the organization is the human resources hired in the business
functions and processes. The technical staff is considered as the backbone for the growth and
development of the Black Cat Syndicate. The staff has aided business and its operations in the
sectors of research and development. The human resources have developed innovative
approaches and techniques that support the business to accomplish the tasks with minimum
resource consumption.
Black Cat Syndicate also applies strategies of Lean Manufacturing and Production which directs
for minimum resource consumption and maximum profit generation. The business has focused
on developing processes as per the techniques of Lean Manufacturing which strategically aided
in the success and development of business at Black Cat Syndicate. The critical success factor
also includes the development of effective and innovative business techniques and processes that
develop for effective business development. The business is popular in the mining industry due
to its path-breaking development of strategies and approaches. These strategies have aided the
business to look forward and be ahead of the competitors and other organizations working in the
industry.
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Factors Impacting on the Success
There are different factors and attributes that impact on the performance and success of the
business. The business of Black Cat Syndicate is operating in a strategically dynamic business
environment. The business environment includes various internal and external factors that
impact on the performance and business operations. The business can be impacted by changing
regulations and policies developed by the government regarding the extraction of gold and its
purification. The business may also be impacted by the changing climatic situations and the
environment (Goix, Maurice, et. al., 2019). The business operations of mining are highly
influenced by climatic conditions. Dynamically changing conditions will reduce the business
and its performance. Other factors that impact on the business and its success factors include the
shortage of trained and employable individuals. In the mining industry, skilled and semi-skilled
labors are required in order to deliver the required levels and standards of the performance.
The shortage of these employable individuals reduces business efficiency and productivity. The
factor of technical know-how and innovative techniques being obsolete highly impacts in the
business operations and its success factors. The business in the mining industry requires
intensive investments in terms of financial resources to develop technical know-how and
technical approaches (Goix, Maurice, et. al., 2019). The loss of these technical aspects being
outdated and obsolete impacts on the success factors of the business.
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Conclusion and Recommended Changes
It has been observed and analyzed in developing the report above that Black Cat Syndicate is an
efficient business organization deploying resourceful thinking and techniques to accomplish the
aims and objectives of the business. The process of gold extraction and its purification process
are undertaken by the business with the development of effective techniques and approaches.
The business is based on the nine building blocks in Osterwalder & Pigneur’s business canvas
model. The business has a wider scope and future growth if the business is carried mindful of
the recommendations stated below:
 The business may focus on involving the process of extracting and mining different
commodities and materials irrespective of gold.
 The business is recommended to use the techniques of biomining which will support for
ethical resourcing practices by the business.
 The business must focus on developing its robotic mining techniques as per the dynamic
needs and requirements of the business processes and operations (Goix, Maurice, et. al.,
2019).
 The business must develop strategies and policies that support for conserving and
preserving the lands from unnecessary development of manholes.
 It is also recommended for the business to ensure for indulging into waste less mining
and mineral extraction.
 Further, it is also required by the business to indulge in an effective business practice that
strategically aims to develop and to uplift the communities and societies.

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References
 Black Cat Syndicate. (2018).About. [Online] Black Cat Syndicate. Available at:
http://www.blackcatsyndicate.com.au/about-black-cat-syndicate/. [Accessed: 04 April
2018]
 Brüger, Fafilek, Restrepo B., and Rojas-Mendoza. (2018). "On the Volatilisation and
Decomposition of Cyanide Contaminations from Gold Mining." The science of the Total
Environment vol.627, pp.1167-173. Web.
 Goix, Maurice, Laffont, Rinaldo, Lagane, Chmeleff, Menges, Heimbürger, Maury-
Brachet, and Sonke. (2019) "Quantifying the Impacts of Artisanal Gold Mining on a
Tropical River System Using Mercury Isotopes." Chemosphere 219, 684-94.
 Linde, S., Matti, S., & Jagers, S. (2012). Political and institutional prerequisites for
successful mining establishment and development: a synthesis of social science research.
 Meng, D., Wang, N., Ai, J.C., Zhang, G. and Liu, X.J. (2016). August. Distribution
and assessment of residual mercury from gold mining in Changbai Mountain Range
Northeastern China. In IOP Conference Series: Earth and Environmental Science(Vol.
39, No. 1, p. 012007). IOP Publishing.
 Sivakugan, N., Veenstra, R. and Naguleswaran, N., (2015). Underground mine
backfilling in Australia using paste fills and hydraulic fills. International Journal of
Geosynthetics and Ground Engineering, 1(2), p.18.
 Zandoval Bonazzi, F.L. and Ari Zilber, M. (2014). Innovation and Business Model: a
case study about the integration of Innovation Funnel and Business Model
Canvas. Revista Brasileira de Gestão de Negócios, 16(53).
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