All about Business Models
Join now. Completely free.
Log in
|
Partners in the Business Model Canvas and SWOT
MOHAMMED_SAEED, CEO, Saudi Arabia, Member
Dear all, I am new here and I really need help.
I have recently started my company and I drew and prepared my Business Model Canvas with the 9 blocks.
My question is really difficult:
What is the relation between SWOT analysis and Business Model Canvas?
You see, in my real life case, my company signed an agreement with another company (it's name is XR). XR will provide me with all the raw materials to produce my products. So I've put this company (XR) in the KEY PARTNER Block of the Business Model canvas.
If I now want to do a small evaluation of my company in terms of Strengths and Weaknesses for the company, can I now say I have a Strength in my company because I signed an agreement with with this partner XR?
|
|
| |
|
SWOT and BMC Both are Useful
Derek Lark, CEO, Australia, SIG Leader
Hello Mohammed
You can use these interdependently.
The agreement with XR is a strength but there could be a weakness if you have only one supplier of that input?
Also will the current BM suit a disrupted ecosystem? Hence opportunity and threat analysis may be appropriate.
Regards
Derek.
|
|
| |
|
SWOT and the Business Model Canvas
Jaap de Jonge, Editor, Netherlands
I agree SWOT and the Business Model Canvas can be used interdependently but also together.
Their purposes are different, in short:
- One uses SWOT to identify the Strengths, Weaknesses, Opportunities and Threats of a particular company. It could be a new one or an existing company. It is one way to start a strategy analysis.
- The BMC is a generic business model template, which can be used to describe virtually any business model. It covers many elements and is therefore more generic and less specialized than SWOT.
I agree with Derek that a solid partnership with a strong partner in some area should overall be considered a strength.
By the way I think it is an excellent idea to use SWOT as a "lens" to think deeply about each of the 9 blocks of the BMC.
|
|
| |
|
SWOTs and Business Model
Fattah Peiravian, CEO, Iran, Member
Hello, as we all know, the Business Model (BM) describes our circumstances and segments with their relationships or procedures. SWOT can describe all parts of your BM with their situations!
In other words, all parts of your BM or all together as one may have separate SWOTs.
|
|
| |
|
SWOT and Business Model
MOHAMMED_SAEED, CEO, Saudi Arabia, Member
@ Fattah Peiravian: Dear Fattah, I can't really understand what you mean by this? Could you please explain more in a very simple and clear way.
Because, what you mention is not clear to me. Thank you.
|
|
| |
|
SWOT and Business Model
Fattah Peiravian, CEO, Iran, Member
@ MOHAMMED_SAEED: What I meant is that you can use SWOT for your BM Canvas for all at once, or you can use SWOT for each section separately!
For example, "Key partner" is one of the sections as Derek and Jaap said. This section can have it's own SWOT and that can be different from all other segments.
It means that it's better to make a SWOT per section (like key partners) and then make it for all of your BM Canvas together.
|
|
|
