The Business Model Canvas is a one page overview that lays out both what you do or want to doand how you go about doing it; enabling structured conversations around management and strategy by laying out the crucial activities and challenges involved with your initiative and how they relate to each other. This visual format, first introduced by Osterwalder and Pigneur, is useful for both existing and new organisations and businesses. Existing programmes can develop new initiatives and identify opportunities while becoming more efficient by illustrating potential trade-offs and aligning activities.
Overview[ edit ] Business operations encompass three fundamental management imperatives that collectively aim to maximize value harvested from business assets this has often been referred to as "sweating the assets": Increase the value of the business assets Secure the income and value of the business The three imperatives are interdependent.
The following basic tenets illustrate this interdependency: The more recurring income an asset generates, the more valuable it becomes. The more valuable a product becomes the more recurring income it generates.
For example, a luxury car can be leased out at a higher rate than a normal car. The intrinsic value and income-generating potential of an asset cannot be realized without a way to secure it.
For example, petroleum deposits are worthless unless processes and equipment are developed and employed to extract, refine, and distribute it profitably. The business model of a business describes the means by which the three management imperatives are achieved.
In this sense, business operations is the execution of the business model. Business operations topics[ edit ] Generating recurring income[ edit ] This is the most straightforward and well-understood management imperative of business operations.
A business whose revenues are sufficiently greater than its expenses makes profit or income. Such a business is profitable. As such, generating recurring "revenue" is not the focus of operations management; what counts is management of the relationship between the cost of goods sold and the revenue derived from their sale.
Efficient processes that reduce costs even while prices remain the same expand the gap between revenue and expenses and derive higher profitability. Multiple revenue streams - different sources of business income that support each other; example - sell printers and toners.
Methods of increasing value[ edit ] Growth strategies Expand market: Develop through research, design and marketing of companies name, logo and tagline.
Maintaining intangible assets can protect elements that add value to a business - patentingcopyrighting or trademarking anything believed to be an intangible asset.
Securing the income and value of the business[ edit ] Desirability or demand for its goods and services Ability of its customers to pay for its goods and services Uniqueness and competitiveness of its business model Control exerted over the quality and efficiency of production activities Public regard for the business as a member of the community A business that can harvest a significant amount of value from its assets but cannot demonstrate an ability to sustain this effort cannot be considered a viable business.Writing your business plan.
Ughhhh. It's definitely not the most exciting part of starting a business. In fact, if you're like a lot of entrepreneurs, you're probably going to find yourself.
In the lineup of key business capabilities in your business plan, the term operations describes the processes and resources that you use to produce the highest quality products or services as efficiently as possible. Business operations typically include four key areas: Location: Where you do business — physically and online Equipment: The .
A business plan is a document that summarizes the operational and financial objectives of a business and contains the detailed plans and budgets showing how the objectives are to be realized.
It is the road map to the success of your business. For anyone starting a business, it's a vital first step. Continuity of Operations Plan (COOP) Template.
A Continuity of Operations Plan (COOP) is designed to provide a holistic approach to both disaster recovery and business continuity. ACC Legal Operations offers this Maturity Model as a reference tool.
Legal department leaders are encouraged to use it as a tool to benchmark maturity in any given area(s), bearing in mind that based on department size, staffing and budgets, priorities and aspirational targets will vary. The Organizational and Operational Plan describes how you will structure your company and how you will actually carry out everything you present elsewhere in your business plan.