Knowledge quiz

It's time to put what you've learned to the test, get 8 right to pass this week.

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.

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

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

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

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

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

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)

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

10.

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)

Knowledge quiz

What are you recommended to do when creating a business case?

What is the purpose of the “Evaluate & Decide” iteration type?

What is a business case?

What is the typical time horizon for a business case?

Which of the following elements are part of the game plan?

What is the main purpose of the qualitative evaluation of a business model?

What is a game plan?

Which elements of the Business Model Canvas contribute to the revenue calculation of a business case?

Which elements of the Business Model Canvas contribute to the costs calculation of a business case?

What is the typical horizon for a game plan?