Business Model Canvas development for a new product/service

Overview Completing the Business Model Canvas Template is an exciting milestone, opening the door to new possibilities for your idea. The next step is to develop a Business Model Canvas (BMC) slide deck for review by the project manager consultant, as referenced in the Module Four assignment. Creating a slide deck is more than just organizing informationits about crafting a clear, engaging, and visually compelling presentation that brings your idea, service, or product to life. A well-designed deck captures your audiences attention, showcases the value of your idea, and inspires confidence, helping drive critical decisions and support for your project. Scenario To help you develop a clear and well-supported business model, use research from sources such as GlobalData Explorer, Yahoo Finance, or the companys website. Based on this research, you are tasked with making educated assumptions about the following aspects of your selected company: Resources: Identify the assets available to support the project. Partnerships: Outline key alliances or collaborations that will contribute to the project’s success. Cost Structures: Determine the expenses that must be accounted for. Marketing Strategy: Explain how the product or service will be promoted. Value Delivery: Specify whether the product will be sold online, in-store, or through both channels. Unique Value Proposition: Highlight what sets the product apart and how it appeals to a specific target market segment. These elements will form a strong foundation for your business model and demonstrate its feasibility. Keep in mind that a well-crafted BMC slide deck can be instrumental in aligning a new product or service with your selected company’s diversity, equity, and inclusion (DEI) and corporate social responsibility (CSR) goals, which you will address in your course project in Module Seven. All nine segments of your redeveloped BMC must encompass elements to achieve new product or service feasibility. Beyond profitability, other key elements that the experienced project manager stressed were DEI, as well as corporate social responsibility CSR. In the marketplace, companies with diverse project teams get varied perspectives that help the overall project. Just as important, companies that give back to the communities they serve do better and are supported by millennial buyersa big target segment for many companies. Financials, DEI, and CSR must be addressed in the funding pitch that you will complete as your course project, which is due in Module Seven. Directions Create a slide deck that will help you expand on your BMC chart in greater detail by refining how your selected company will create value for itself while delivering a new product or service for customers. Complete the Milestone Two Template linked in the What to Submit section below for this assignment. Specifically, you must address the following rubric criteria: Deliver a unique value proposition. Leveraging the blue ocean strategy, what makes the product or service unique? How does it provide a strategic advantage in the marketplace? Answer key business model questions about the customer. Customer acquisitions Revenue models Price points for the product or service Key activities for the value proposition (product or service) Answer key business model questions about assets, partners, and cost. Assets available Key partners Cost structures Create a business model canvas chart. Import your canvas from Module Four. Clarify your business model assumptions. Check your assumptions Complete the assumptions chart Prepare to meet customers. Highlight the materials needed Update your documentation. Targeted segment Type of value delivered How the product is unique Update your business model. Complete any updates to the BMC chart What to Submit Submit the completed Milestone Two Template. Sources should be cited according to APA style.