The business model canvas segments for Tesla that can be
accomplished immediately are the customer segments, value
prepositions, and key activities. a Businesses must identify and have an
understanding of their customers (PB, 2019). The step should be
accomplished fast to consider the suitable people to deal with, their
tastes and preferences, and how they keep changing depending on
the environment. Customers can be grouped according to their
common characteristics to enable effective services that do not go
against some. Key activities are essential in a business as they
determine the areas of specialization. a Businesses can decide to take
charge of the production, problem-solving, or any other platform
supported by potential customers. The activity segment can be
completed fast by doing thorough research on the best activities that
can sustain customers. a Value prepositions can also be determined
within a short time. a Businesses need to decide on the brands, costs,
and designs of the products based on customer preferences
(SaradhKumar, 2018). Therefore, a clear analysis of customer trends
and the market gaps can help capture customer attention through
what they value most.
The segments that require more work include the revenue streams
and channels. Revenue streams require an extended time to
determine the market trends that exist. a For example, prices may keep
fluctuating due to the market conditions such as demand and supply
(PB, 2019). a Therefore, the market analysis requires some time to
determine when the business may generate more revenue and when
to expect low incomes. The analysis would enable a business to have
alternative measures that help in maximizing profits when there are
lower market demands. Businesses also need to identify channels
that help in maximizing sales. a The analysis requires some time to
determine the best places to create stores or make regular deliveries
depending on customer flow.
The segments that had not been considered included customer
relationships and key partnerships. Companies need to consider
good customer relationships to boost sales (SaradhKumar, 2018). a
Customer relationships are important as they create a sense of
belonging, and customers feel valued and appreciated. Customers
also become loyal customers to the company that values them. a
Companies also need to consider partnering with other organizations
that help in reducing risks and attracting more customers. Effective
partnerships maximize profits as companies can have better
operational strategies.
I need to consider every step outlined in the business model canvas
to ensure success. Organizations can identify the right practices at
specific times, such as when to engage customers and manage
businesses towards better revenues. Customer key purpose of any
business. The business model canvas creates better ways to identify
and deal with different types of customers to maintain stability. a The
model also effectively identifies the best resources and activities
suitable for business depending on the preferences and distribution
of customers.
References
PB (2019, February 27). Business model canvas – Organizational
behavior. a BCcampus Open Publishing – Open Textbooks Adapted
and Created by BC Faculty.
https://opentextbc.ca/organizationalbehavioropenstax/chapter/busi
ness-model-canvas/
SaradhKumar a (2018, March 5). a Nine components of the business
model canvas. Medium.
https://medium.com/@sarathkumar_66483/nine-components-of-
business-model-canvas-cc67607ccb53
