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Designing Business Models for the Digital Economy
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Assignment Week 6
Welcome to the course
Introduction to the course
Why embrace Business Model Innovation?
Downloads
Introduction to Business Model Innovation
Business Model Baseline
Analyze & Improve your business model
Challenge & Change your business model
Test & Verify your business model with Minimum Viable Products (MVP)
Evaluate & Decide on your business model
Knowledge quiz
It's time to put what you've learned to the test, get 8 right to pass this week.
1.
What is the typical time horizon for a business case?
Choose the correct answer.
3-5 years
Only one year
10-15 years
3-6 months
2.
What are you recommended to do when creating a business case?
Choose the correct answer.
Try to be as precise as possible with numbers in your business case. Get costs and revenue figures from an expert in your company.
Do not try to be too precise with numbers in your business case; a rough estimation would be sufficient
Consider qualitative aspects of the business model only.
Focus on one job-to-be-done when doing your calculation.
3.
Which elements of the Business Model Canvas contribute to the revenue calculation of a business case?
There are two correct answers.
Revenue Streams
Key Activities
Value Proposition
Network View
Minimum Viable Product (MVP)
4.
What is a business case?
Choose the correct answer.
A cost/revenue calculation based on the business model logic
A description of how value is created, delivered, and captured
A standardized template for describing a business model
A cost-efficient representation of the assumed value proposition which can be tested with the customer
5.
What is the main purpose of the qualitative evaluation of a business model?
Choose the correct answer.
To find a most appropriate business model based on rated criteria
To test the key assumptions with a Minimum Viable Product (MVP)
To create a baseline, including the network and enterprise view, for a business model
To iterate a business model until a most appropriate is found
6.
What is the purpose of the “Evaluate & Decide” iteration type?
Choose the correct answer.
To find a most appropriate business model from a set of alternatives
To analyze elements of a business model and improve them
To set up a baseline, including the network and enterprise view, for a business model
To challenge a business model
7.
What is the typical horizon for a game plan?
Choose the correct answer.
Mid-term (3-12 months)
Short-term (5-14 days)
Long-term (2-5 years)
Strategic / visionary (3-20 years)
8.
What is a game plan?
Choose the correct answer.
A visualized project plan
An execution plan for viability testing
A guideline on how to populate a baseline
A workshop agenda
9.
Which of the following elements are part of the game plan?
There are three correct answers.
Success factors
Channels
Challenges
Value proposition
Goal
10.
Which elements of the Business Model Canvas contribute to the costs calculation of a business case?
There are three correct answers.
Key Activities
Minimum Viable Product (MVP)
Channels
Revenue Stream
Customer Relationship