What Key Resources Do Our Value Propositions Require?

What are key resources?

Key Resources describes the most important assets required to make a business model work.

These are the resources that allow an enterprise to create and offer a Value Proposition, reach markets, maintain relationships with Customer Segments, and earn revenues..

What are examples of key resources?

Business Model: Key resourcesPhysical resources, such as raw material, buildings, vehicles, transportation, storage facility, machines and factory.Human resources, or staff, such as a talented engineer or marketing experts. … Intellectual resources, such as your brand, patents, copyrights, partnerships, and customer databases.More items…

What are the four business resources?

There are four categories of resources, or factors of production:Natural resources (land)Labor (human capital)Capital (machinery, factories, equipment)Entrepreneurship.

What are the 5 types of resources?

Natural ResourcesBiotic & Abiotic. Any life form that lives within nature is a Biotic Resource, like humans, animals, plants, etc. … Renewable & Non-renewable. Renewable resources are almost all elements of nature which can renew themselves. … Potential, Developed, and Stock Resources.

What are the 6 basic business activities?

What Are the 6 Types of Business Activities?Sales. The sales team is the lifeblood of every business. … Marketing. Marketing and advertising help in developing the brand and boosting the exposure of the business and its services.Finance. … Accounting. … Customer Service. … Human Resources.

What key activities do our value propositions require?

About Key Activities Your business model calls for a number of Key Activities. These are the most important actions your company must perform to operate successfully. Like Key Resources, they are required to create and offer a Value Proposition, reach markets, maintain Customer Relationships, and earn revenues.

What are the key activities?

According to Strategyzer, when it comes to the Business Model Canvas, key activities are any activities that your business is engaged in for the primary purpose of making a profit. Business activities include operations, marketing, production, problem-solving, and administration.

What is Nike’s value proposition?

Value Proposition Nike offers four primary value propositions: accessibility, innovation, customization, and brand/status. The company creates accessibility by offering a wide variety of options. It has acquired numerous footwear and apparel firms since its founding, including Converse and Hurley International.

What is Apple’s value proposition?

They want to create a safe, reassuring ecosystem that makes users want to remain part of it. Now that Apple has a more significant market share, they focus on growing their customer share. So today, Apple’s most recent value proposition seemed to be geared towards privacy protection and being part of a safe ecosystem.

What are the 4 types of values?

The four types of value include: functional value, monetary value, social value, and psychological value. The sources of value are not equally important to all consumers.

What are examples of organizational resources?

Organizational Resources are all assets that are available to a firm for use during the production process. The four basic types of organizational resources are human, monetary, raw materials and Capital. Organizational resources are combined, used, and transformed into finished products during the production process.

What are examples of financial resources?

The definition of financial resources is the money you have available for spending. Types of funding commonly used in business include venture capital, cash in the bank and assets your company can convert to cash easily.

What are Amazon’s key resources?

Key Resources of Amazon Amazon’s physical resources such as fulfillment centers (warehouses), and supply chain automation help in its physical resources. Its technological infrastructure, in particular, is crucial for its everyday business model.

What are the key activities generating revenue?

Key Operating Revenues The key operating activities that produce revenues for a company are manufacturing and selling its products or services. Sales activities can include selling the company’s own in-house manufactured products or products supplied by other companies, as in the case of retailers.

What are income producing activities?

As the name applies, an income-producing activity is a task or tactic that’s designed to support our specific income goals, and skip over those items on our to-do list that are most likely busywork.

What is value proposition example?

A value proposition is a simple statement that summarizes why a customer would choose your product or service. … A great value proposition may highlight what makes you different from competitors, but it should always focus on how customers define your value.

What are examples of revenue streams?

Examples of Revenue StreamsSubscription fees (e.g., Netflix’ monthly fees)Renting, leasing, or lending assets.Licensing content to third parties.Brokerage fees.Advertising fees.

What key resources do our revenue streams require?

There are several ways to generate Revenue Streams:Asset sale. The most widely understood Revenue Stream derives from selling ownership rights to a physical product. … Usage fee. … Subscription fees. … Lending/Renting/Leasing. … Licensing. … Brokerage fees. … Advertising.

What are examples of physical resources?

Examples of Physical Resources include:Machinery and equipment.Buildings and office spaces.Vehicles and trucks.Point-of-sale systems (like Square or Shopify)

How do you calculate revenue streams?

Your net revenue is calculated as the gross revenue minus any discounts or returns that you had during the year. A Revenue Stream is the building block presenting the cash a company generates from each Customer Segment. Most businesses need at least one great revenue stream to earn money.

What are the four parts of a business model?

[A] business model is simply a business concept that has been put into practice. A business concept comprises four major components: Core Strategy, Strategic Resources, Customer Interface, Value Network.