QUIZ: Business Model Development

1. Where can Business Model Innovation be applied?

2. What is the main goal of the early stages of Business Model Innovation?

3. What are the key characteristics of an appropriate business model?

4. What are the three questions any business model needs to answer?

5. How can uncertainties about your business model be reduced?

6. What 3 things does a business model describe?

7. What do the value streams represent?

8. Which category of people can you consider your competitor?

9. For whom should you be delivering a valid value proposition?

10. What is the function of the common value proposition?

11. What are the 3 main components of the lean start-up principle applied in the test cycles?

12. How do you best test the viability of your business model?

13. Which of the following best defines a Minimum Viable Product (MVP)?

14. What is the idea behind an MVP?

15. What is the meaning of the term “pivoting”?

16. What is a business case?

17. What is the typical time horizon for a business case?

18. What is a game plan?

19. What is the typical horizon for a game plan?

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

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