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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? (...) Read more? Sign up for free
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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.
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