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The Business Model Canvas is is a strategic management template for developing new or documenting existing business models†.
It is a visual chart with elements describing a firm's
value proposition
infrastructure
customers
finances
It assists firms to align their activities by illustrating potential trade-offs.
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†Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers, Alexander Osterwalder, Yves Pigneur, August 2010