Analyze each of the six-building block to better understand how the components of the model interacts
Identify the customer problems and the solution you want to provide that is better than the existing offerings
Test your assumptions in the marketplace to either validate or invalidate your business model
By the end of this guided project, you will be able to use the Innovator’s Canvas to test your startup business model hypothesis. The Innovator’s Canvas is a business model validation tool that help entrepreneurs to test their business idea assumptions. The Canvas is divided into six major components: customer/problem, solution, channel, support structure, economic model, and market environment. The goal of the Canvas is not just to provide an analytical tool, but to provide a systematic process by which business models can be documented, tested and iteratively created until you have achieved either fast/cheap failure or success For us to practically demonstrate how the model works, we will use a spreadsheet to analyze a startup Social Venture. Examples from the case study would empower you to use the model to analyze your startup idea or any other company of your choice. The Innovator’s Canvas is entrepreneur-focused, but equally useful for everyone involved in introducing a new product or idea to the market. At the end of the project, you will be able to use the Canvas to brainstorm possible business models, prioritize where to start, and track ongoing learning
Leadership
Innovation
Business Strategy
Entrepreneurship
In a video that plays in a split-screen with your work area, your instructor will walk you through these steps:
Task 1: Introduction: By the end of this task, you will explain the Innovator’s Canvas
Task 2: Customer/ Problem: By the end of this task, you will determine the customers and their problems
Task 3: Solution: By the end of this task, you will provide solution to the problems of the customer
Task 4: Channel: By the end of this task, you will articulate the channel to reach your customer
Task 5: Support Structure: By the end of this task, you will determine your support structure
Task 6: Economic Model: By the end of this task, you will compute your economic parameters
Task 7: Market Environment: By the end of this task, you will determine your market environment
Task 8: Iteration: By the end of this task, you will innovate with the model
Your workspace is a cloud desktop right in your browser, no download required
In a split-screen video, your instructor guides you step-by-step
By purchasing a Guided Project, you'll get everything you need to complete the Guided Project including access to a cloud desktop workspace through your web browser that contains the files and software you need to get started, plus step-by-step video instruction from a subject matter expert.
Because your workspace contains a cloud desktop that is sized for a laptop or desktop computer, Guided Projects are not available on your mobile device.
Guided Project instructors are subject matter experts who have experience in the skill, tool or domain of their project and are passionate about sharing their knowledge to impact millions of learners around the world.
You can download and keep any of your created files from the Guided Project. To do so, you can use the “File Browser” feature while you are accessing your cloud desktop.
Guided Projects are not eligible for refunds. See our full refund policy.
Financial aid is not available for Guided Projects.
Auditing is not available for Guided Projects.
At the top of the page, you can press on the experience level for this Guided Project to view any knowledge prerequisites. For every level of Guided Project, your instructor will walk you through step-by-step.
Yes, everything you need to complete your Guided Project will be available in a cloud desktop that is available in your browser.
You'll learn by doing through completing tasks in a split-screen environment directly in your browser. On the left side of the screen, you'll complete the task in your workspace. On the right side of the screen, you'll watch an instructor walk you through the project, step-by-step.
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