The canvas model is an enhanced version of the Lean Business Model, it builds a business enterprise from 9 components that summarise briefly and concisely the aspects of the project’s operation and strategy. As the name suggests, it is a model designed to represent complex real-world relationships in a simple, understandable way.
Advantages of the Business Model Canvas compared to other models
This model was also chosen because it can be used for non-profit initiatives. Participants’ ideas are likely to include a programme that is not specifically for profit, but for community purposes.
Training exercise: Participants form working groups to work together on their own ideas. Participants who wish to work together can also form a group. Groups of at least 3 but no more than 5 people may work together. Their task is to create three elements of a model based on the chosen idea: