Question

What is the central component of a business model canvas ​

Answer 1

VALUE PROPOSITION

Step-by-step explanation:

This is the building block that is at the heart of the business model canvas,

And it represents your unique solution (product or service) for a a problem faced by a customer segment, or that create value for the customer segment

Hope it helpful^_^

Answer 2

Answer:

The central component of a Business Model Canvas (BMC) is the Value Proposition. The Value Proposition describes the unique benefit or advantage that a company provides to its customers. It explains what problem the company is solving for its customers, what needs it is meeting, and why customers should choose its product or service over those of its competitors.

The Value Proposition is placed in the center of the BMC because it is the foundation of the business model. It is the starting point for developing the other components of the BMC, such as customer segments, channels, revenue streams, and cost structure.

By defining a compelling Value Proposition, a company can create a clear and compelling message to attract and retain customers, which ultimately leads to revenue and profitability. Therefore, it is crucial to focus on developing a strong Value Proposition that resonates with the target market and provides a solution to their needs or problems.