Business Model Planner: Towards Integrating Risk into Business Model Canvas

• Main Author: NARASIMHALU, Arcot Desai
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Computer Sciences; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/2977
• Institution: Singapore Management University

Business Model Canvas has become a popular tool for analyzing business models and business model innovations. Business Model Canvas has been extended by others such as Kevin Riley and associates. One of their extensions was specific to Healthcare companies and was labelled Model H. They added new components to the original nine components of the business model canvas. Neither of these two canvases appears to consider the impact of Porter's Five Forces model on a business. It would be very dangerous to design a business model innovation without taking into account potential threats from substitutes, new entrants or competitors. Secondly, there are no attempts to represent risk, an important aspect of managing a business. Any business whether startup or mature can only survive and flourish if the key risks are identified and managed well.