Which tool is sued to gain and leverage knowledge of a business?

The correct answer is B. Business model canvas. The BMC consists of nine building blocks for creating a business model. Initially, the Cisco Business Architect uses the BMC to create an unrefined view of the business. Creating an unrefined view of the business entails defining the business model from the perspective of the…

Business Architecture Framework

Question

Options

ACisco commerce workspace
BBusiness model canvas
Csolution maturity index
DTotal cost of ownership

How the community answered

(29 responses)

A
3% (1)
B
93% (27)
C
3% (1)

Explanation

The BMC consists of nine building blocks for creating a business model. Initially, the Cisco Business Architect uses the BMC to create an unrefined view of the business. Creating an unrefined view of the business entails defining the business model from the perspective of the Cisco Business Architect. A refined business model is created by using the additional input and knowledge that is provided by interacting with the customer. There is a recommended order for working through the building blocks. The right side of the BMC is "Emotional" and the left side is It is extremely important to understand that the value of the BMC as tool allows a Cisco Business Architect to gain and leverage their knowledge of the business. The results of the BMC are used by the Cisco Business Architect to understand the business and generally not intended to be shared with stakeholders. A business may also have more than one business model.

Topics

#Business model canvas#Business analysis tools

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