Static Business Plan versus Dynamic Business Model — The Difference and Why It Matters
Static business plans are based on the assumption that the external environment is relatively stable and predictable. This may have been true in the past, but in today’s rapidly changing business landscape, it is no longer realistic. Dynamic business models, on the other hand, are designed to be flexible and adaptable. They take into account […]
Sketching a Lean Canvas
Lean Canvas is an adapted version of Alex Osterwalder’s Business Model Canvas. Entrepreneur Ash Maurya developed the Lean Canvas to simplify, ease, and speed up the process of generating and evaluating business ideas. Source: Running Lean The Lean Canvas is: It is a lightweight version of the Business Model Canvas. It is a one-page, […]