2 minute read
Business Model Canvas
KEY PARTNERS
High-profile athletes and entrepreneurs. Educational Institutions –Schools, Universities. OTM Mobile IQ / EQ test developers. Manufactures for A10 merchandise.
CUSTOMER RELATIONSHIPS
Community –between the African youth applicants and their ambassadors, mentors, and counselors.
Co-creators –support and empowerment.
Social Media –awareness of brand’s mission and message + follow stories of scholarship recipients and touching stories.
CHANNELS
Smartphone & legacy phones –OTM Mobile A10 Website Social Media
KEY ACTIVITIES
Develop IQ/EQ tests to send. Send curriculum tests to African students. Search for potential scholarship recipients. Create brand content to engage with potential customers and obtain data.
KEY RESOURCES
Mobile network and A10 Data and social media. Human and financial resources.
VALUE PROPOSITION
A10 help young Africans who want to have access to education by assigning an ambassador or mentor who provides regular counseling and guidance on their educational journey. Access to the curriculum to test (IQ and EQ tests) followed by a scholarship and vocational opportunities. Brand that empowers and evokes African memories and webpage.
emotions.
CUSTOMER SEGMENTS
Young Africans (15 –18 yearolds) Potential Scholarship recipients –get them interested in accessing and taking the curriculum to test.
Givers –get them to understand the A10 message so they can buy A10 merchandise.
REVENUE STREAMS
A10 Merchandise –direct sales
Marketing Activities –Sponsorships
COST STRUCTURE
Development and distribution of tests. Human Resources (staff) Marketing activities / advertising Social media and website assets / maintenance A10 merchandise production Branding Scholarships –fee to educational institutions
BUSINESS MODEL
DEFINITION
The business model canvas is a great tool to help you understand a business model in s straightforward, structured way. Using this canvas will lead to insights about the customers you serve, what value propositions are offered through what channels, and how your company makes money. You can also use the business model canvas to understand your own business model or thatofacompetitor.
The business model canvas is a shared language for describing, visualizing, assessing and changing business models. It describes the rationale of how an organization creates,deliversandcapturesvalue.
HOW TO
1.Customersegments
List the top three segments. Look for the segments that providethemostrevenue.
2. Value proposition
What are your products and services? What is the job you getdoneforyourcustomer?
3. Revenue streams
List your top three revenue streams. If you do things for free,addthemheretoo.
4. Channels
How do you communicate with your customer? How do youdeliverthevalueproposition?
5. Customer relationships
How does this show up and how do you maintain the relationship?
6. Key activities
Whatdoyoudoeverydaytorunyourbusinessmodel?
7. Key resources
The people, knowledge, means, and money you need to runyourbusiness.
8. Key partners
List the partners that you can’t do business without (not suppliers).
9. Cost structure
Listyourtopcostsbylookingatactivitiesandresources.
REFERENCE: “Business Model Canvas.” –https://www.businessmodelsinc.com/about-bmi/tools/business-model-canvas/
CHIMAMANDA NGOZI ADICHIE
ZOZIBINI TUNZI
THANK YOU
We’d like totake this opportunity tothankboth Parsons andthe Africa 10 teama chance to work on this project and help out a very important organization in Africa.Webelievethateveryonedeservesafightingchancetobecomesomething with the help of education and mentors. With that said, we really do hope that Africa 10 takes our research and findings and creates and organization that will trulyhelpAfricaprosper.