Statutory Agencies in Business and Business Registration
- DE&GS
- 8 pages
- 1 units
This course introduces the Business Model Canvas (BMC) as a strategic tool for visualizing and developing business models. It covers the nine key building blocks of the BMC, including customer segments, value propositions, channels, and revenue streams. Students will learn to analyze existing business models, develop innovative models, manage risks, and communicate models effectively. The course includes interactive exercises, case studies, and group work to solidify understanding and promote practical application.
About this course
- Difficulty
- Intermediate
- Study hours
- 40 hours
- Maths
- None
- Content
- Theoretical, practical, case study
- Practical work
- Yes
- Assignments
- Final examination
What you'll read
The real module and unit structure of NEE012, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
NEE012 · NEE012
The Business Model Canvas is a strategic management tool used to visualize and develop new or existing business models. It consists of nine key building blocks that help entrepreneurs and business leaders understand their business's value proposition, customers, infrastructure, and finances.
What you should be able to do
- Understand the nine key building blocks of the Business Model Canvas.
- Critically analyze existing business models using the Canvas framework.
- Apply strategic management principles to leverage insights from the Canvas.
- Develop new business models or refine existing ones using the Canvas framework.
- Communicate and present business models effectively using the Canvas framework.
What it prepares you for
- Business Analyst
- Entrepreneur
- Product Manager
- Business Development Manager
- Management Consultant
- Start-ups
- Technology
- Retail
- Healthcare
- Financial Services
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1:
Unit 1: Learning Outcome and competencies
Understanding the interrelationships between the nine building blocks requires strong analytical skills and strategic thinking.
- Module 1:
Unit 1: Using the BMC in Practice
Requires understanding of various business models and their practical applications.
A suggested way through it
13 weeks, about 26 hours in total. Yours will differ.
- Week 1Module 1:
Unit 1: Introduction · 2 hours
Read the introduction to the Business Model Canvas.. Understand the definition and purpose of the BMC.. Identify the nine key building blocks of the BMC..
- Week 2Module 1:
Unit 1: Learning Outcome and competencies · 2 hours
Review the learning outcomes and competencies for the course.. Understand the framework familiarity, analytical skills, and strategic thinking related to the BMC..
- Week 3Module 1:
Unit 1: Understanding the Business Model Canvas · 2 hours
Define customer segments and identify different groups of people or organizations a business aims to reach.. Explore examples of mass market, niche market, segmented, diversified, and multi-sided platform customer segments..
- Week 4Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define value proposition and explain what makes an offering unique.. Identify examples of convenience, affordability, and customization as value propositions..
- Week 5Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define channels and outline the avenues through which a business reaches its customers.. Consider traditional and digital channels such as direct sales, online platforms, and partnerships..
- Week 6Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define customer relationships and determine how to acquire, retain, and grow customer relationships.. Explore examples of personal assistance, self-service, and automated services..
- Week 7Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define revenue streams and identify pricing mechanisms, revenue models, and payment structures.. Explore examples of product sales, subscription fees, and advertising..
- Week 8Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define key resources and list the essential assets required to operate a business.. Explore examples of human resources, technology, facilities, and financial resources..
- Week 9Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define key activities and describe the core tasks necessary to deliver a value proposition.. Explore examples of manufacturing, marketing, and distribution..
- Week 10Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define key partnerships and identify the network of suppliers and partners necessary to operate the business model.. Explore examples of suppliers, distributors, and strategic alliances..
- Week 11Module 1:
Unit 1: The Nine Building Blocks of the BMC · 2 hours
Define cost structure and identify the expenses incurred while operating the business model.. Explore examples of fixed costs, variable costs, and economies of scale..
- Week 12Module 1:
Unit 1: Using the BMC in Practice · 2 hours
Identify each building block, fill in details, iterate, and refine.. Analyze a well-known company's business model using the BMC..
- Week 13Module 1:
Unit 1: Practical Exercise · 2 hours
Engage in hands-on activities to fill out a canvas for a fictional or real business.. Share real-world examples of successful businesses and how they utilize each canvas block..
Preparing for the exam
- Thoroughly review the definitions and examples of each of the nine building blocks of the Business Model Canvas.
- Practice filling out the Business Model Canvas for various businesses, both real and hypothetical.
- Focus on understanding the relationships between the different building blocks and how they impact each other.
- Review case studies of successful businesses and how they have utilized the Business Model Canvas.
- Pay close attention to the practical exercises and examples provided in the course materials.
Questions students ask about this course
What is NEE012 about?
This course introduces the Business Model Canvas (BMC) as a strategic tool for visualizing and developing business models. It covers the nine key building blocks of the BMC, including customer segments, value propositions, channels, and revenue streams. Students will learn to analyze existing business models, develop innovative models, manage risks, and communicate models effectively. The course includes interactive exercises, case studies, and group work to solidify understanding and promote practical application.
How many units does NEE012 have?
NEE012, Statutory Agencies in Business and Business Registration, has 1 unit across 1 module, over 8 pages of course material. You can read it one unit at a time.
Is NEE012 hard?
NEE012 is rated intermediate level, with no mathematical content. It is mostly theoretical, practical and case study work, and it has a practical component.
How long does NEE012 take to study?
About 40 hours of study, spread across its 1 units.
How is NEE012 assessed?
NEE012 is assessed by assignments and final examination.
What can I do with NEE012?
Business Analyst, Entrepreneur, Product Manager, Business Development Manager and Management Consultant.