The Business Model Canvas (BMC) is a strategic management and entrepreneurial tool that allows teams to describe, design, challenge, invent, and pivot their business model. The BMC is composed of nine building blocks outlined below.
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"I see real potential in asking all innovators to run through [the BMC] exercise prior to spending significant resources in creating their innovation..."
"I think it's dead-on in terms of looking at elements to consider for innovations."
"The opportunities to learn the Business Model Canvas, interact with the instructional team members, and discover our start up scenario, have been incredibly worthwhile. All faculty who engage in research/funded activities should know this…"
"Learning to apply business concepts to learning innovations was precious!"