Business Model Canvas Key Partners
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Business model canvas key partners. The penultimate component key partners deals with the network of partners that put the business model into operation. These partnerships that you will undoubtedly create will be forces that help your business succeed in areas that would be inefficient. Companies create alliances to optimize their business models e g reduce costs reduce risk e g jointly develop a technology or acquire resources e g license ip.
In this section you will learn about the next building block in the business model canvas which is key partners or key partnerships that an entrepreneur needs to have to perform its key activities and ultimately provide its value proposition to its customer segment. Key partners are the relationships that you have with other business governmental or non consumer entities that help your business model work these can be the relationships that your company has with your suppliers your manufacturers business partners etc. This relationship can be of greater freedom when each side of the alliance can form new partnerships or of exclusivity limited to a single partnership and no other concomitant relationship.
We will look at 1 key partnerships 2 types of partners 3 motivation behind partnerships 4 key partners and value.