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Business Model 4

Student:- Reem Alogaidi

Instructor:- Eric Westreich

Course Title:- ENTREPRENEURSHIP

Date:- 05/30/2020

Business model describes the relationship between the elements and factors that make the business functional. In this discussion, we shall highlight two components of the business model with regards to Green Drive Logistics. The discussion shall highlight the manner in which these components appear in the business aspect of the organization. The two components to be discussed are Key Resource Types and Key Activities.

Key Resource Types:

These falls under the category of resources that determine how the business shall be effective and deliver its core mandate. It covers what is most crucial to ensure that the business model in place is functional. This can be achieved through assets of the company that cover various objectives. The four crucial categories of asset are Finance, Intellectual property, Physical resources and human resources.

When analyzed in line with Green Drive Logistics operations, we are able to see the resources being implemented to achieve operational objectives. When it comes to finance, they are able to achieve this through raising funds. They deal with tangible goods which are delivered with a common system as such, they have no intellectual property assets. They however have physical resources in terms of vehicles being used to deliver the product to the consumers. They also have human resource assets in terms of their staff of twelve that ensure every product and transaction goes as planned.

Key Activities:

This component concerns itself with the important things that the organization is obliged to perform in order to ensure the business model is functional. It typically covers production, supply chain and problem solving in terms of provision of services. Production involves the making or manufacturing of goods to be used. Supply chain involves the delivery of products to consumers from the manufacturers or a point of origin. Problem solving involves activities that regard with solving issues that affect consumers such as consultation services or engineering projects.

With regards to Green Drive Logistics, the activities involved in can be categorized under supply chain and problem solving. By having access and close proximity to the farmers who produce the goods they require, they solve the problem of creating a market for farmers and ensuring good farm produce for consumers. At the same time, these activities involve the use of the supply chain vehicles the company relies on to ensure delivery of products.

References

Business Channel, The Business Model Canvas - 9 Steps to Creating a Successful Business Model - Startup Tips

Accessed at: https://www.youtube.com/watch?v=IP0cUBWTgpY&feature=youtu.be