5. For whom are we creating value?
Who are our most Important customers?
Source: Alex Osterwalder
Customer segments
6. Customer segments
They represent separate segments if
Their needs require and justify a distinct offer
They are reached through different distribution
channels
They require different types of relationship
They have substantially different profit abilities
They are willing to pay for different aspects of the
offer
Who are Ikea’s customers?
To whom is Ikea selling its products?
7. Bundle of products and services that create value
for a specific Customer Segment
Value proposition
Source: Alex Osterwalder
8. Value proposition
What value do we deliver to the customers?
Which problem are we helping to solve?
Which customer needs are e satisfying?
Source: Alex Osterwalder
9. Value proposition
Customer value creation
Getting the job done
Performance
Customization
Design
Brand
Price
Ikea?
Source: Alex Osterwalder
10. The way a company communicates with and reach its
customers segments to deliver a value proposition
Source: Alex Osterwalder
Channels
11. Source: Alex Osterwalder
Channels
How do our Customers want to be reached?
Through which channels are we reaching them now?
How are we integrating them with customer routines?
12. Channels
Raising awareness among customers about
company’s products and services
Delivering a Value proposition to customers
Providing post-purchase customer support
Ikea?
13. Describes the types of relationships a company
establishes with a specific Customer Segment.
Source: Alex Osterwalder
Customer relationships
14. Source: Alex Osterwalder
Customer relationships
What type of relationship does each of our
costumer segments expect us to establish and
maintain with them?
16. The cash a company generates from each customer
Segment
Source: Alex Osterwalder
Revenue streams
17. For what value are our customers really willing to pay?
How much does each Revenue Stream contribute to
overall revenues?
Source: Alex Osterwalder
Revenue streams
18. Revenue Streams
The different types of revenue streams
Transaction revenues resulting from one-time
customer payment
Recurring revenues resulting from ongoing
payments to either deliver a value proposition to
customers or provide post-purchase customer
support
Ikea?
19. The most important assets required to make a
business model work.
Source: Alex Osterwalder
Key resources
20. What Key Resources do our Value Proposition require?
Our Distribution Channels? Customer Relationship?
Revenue Streams?
Source: Alex Osterwalder
Key resources
22. The most important things a company must do
to make its business model work
Source: Alex Osterwalder
Key activities
23. Source: Alex Osterwalder
Key activities
What Key Activities do our Value Proposition require?
Our Distribution Channels? Customer Relationship?
Revenue Streams?
25. Describes the network of suppliers and partners that make
the business model work
Source: Alex Osterwalder
Key partners
26. Who are our Key Partners/Suppliers? Which Key
resources/activities are we acquiring from partners?
Source: Alex Osterwalder
Key partners
27. Key partners
Motivation for creating partnerships
Optimization and economy of scale
Reduction of risk and uncertainty
Acquisition of particular resources and activities
Ikea?
28. All costs incurred to operate a business model
Source: Alex Osterwalder
Cost structure
29. Source: Alex Osterwalder
Cost structure
What are the most important costs in our business model?
Which Key Resources/Activities are most expensive?
Ikea?
32. Developed by Ash Maurya in
2012
Documented in “Running Lean”
Adaptation of BM canvas
Focus on learning
More actionable
Designed for Web startups
Lean canvas tips & tricks1. Problem & customer segment- List top 1-3 problems for customer segment(s)- List existing alternatives- Identify other user roles- Identify early adopters (not mainstream customers)2.Unique value proposition (UVP)- Be different, target early adopters, focus on finished story benefits (not features but end result customer wants), what - who - why3. Solution- MVP, top features to tackle each problem4. Channels- Free / paid, inbound / outbound, direct / automated (first sell manually direct to learn, then automate), direct / indirect (first sell yourself before handing over to others), retention before referral- Start with direct outbound channels to interview, think about scalable channels5. Revenue stream- Think in 3 - 5 year forecasts- Bottom-up approach- Charge early-on for your MVP (price is part of the product, defines your customers, better form of validation)- Price against identified existing alternatives6. Cost structure- Operational costs bottom-up (fixed & variable)- Calculate break-even point + required time / effort / money to get there7. Key Metrics - Pirate Metrics- Acquisition - how do users find you? (turn lead into prospect)- Activation - do users have a great first experience?- Retention - do users come back?- Revenue - how do you make money?- Referral - do users tell others?8. Unfair advantage- e.g., insider info, knowhow, dream team, personal authority, large network effect, community, existing customers, SEO ranking