The 9 segments of the business model canvas are very important to any
business that wants to thrive. One of the most important segments is
Customer Segments,(Black) which can be completed right away! I also
feel that this one SHOULD be completed right away, as it answers a
huge question of who is the product for. If you have no idea who you
are creating a product for, then the product should not be on the
market yet! If you are trying to create a new product with no idea on
who to market to, you will probably spend too much time allocating
resources in the wrong places. Customer Relationships is a segment
that will take more time and energy to complete, because building a
rapport with the customer is not an overnight thing that can be done in
a board room like figuring out who the customers are! I have not
focused as much as I should on Key Partnerships and suppliers, which is
definitely something that I will need to focus on especially as the term
goes by! If I focus my efforts more into every segment of the BMC
instead of just a couple I find important, I will be much more successful!
Black, S., Gardner, D. G., Pierce, J. L., & Steers, R. (2019, February 27).
Business model canvas. Organizational Behavior. Retrieved May 20,
2022, from
https://opentextbc.ca/organizationalbehavioropenstax/chapter/busi
ness-model-canvas/#:~:text=There%20are%20nine%20building
%20blocks,depicts%20the%20business%20model%20canvas.
