We are going to start a series that gives back to the industry answering the question, “What does a vCIO do?” and each article will outline a specific service offering of Outsourced CIO LLC in the day and the life of a vCIO. Some call this “virtual” Chief Information Officer and for the sake of this series, we will be changing the “v” to mean “VALUED” CIO. Because the vCIO creates value for growing businesses who might not otherwise be able to afford a Chief Information Officer. Our topic for today is “The Business Model Workshop”.
This can be an annual project or on-going service to growing businesses. The deliverable is a completed Business Model Canvas.
The vCIO educates the growing business leaders in a way to think about the business in a visual and intuitive way through the use of a Business Model Canvas. The idea is to get all the key elements of your business in a single canvas which consists of 9-key elements:
- Key Partnerships
- Key Activities
- Key Resources
- Value Propositions
- Customer Relationships
- Customer Segments
- Cost Structure
- Revenue Streams
Your vCIO then facilitates the process and schedules the workshop, assigns the business model questionnaires and tools. Then the team completes the business model questionnaires and tools prior to the meeting. Your vCIO then conducts the workshop using post-it notes/whiteboard, documenting the findings under the specific key elements, thus creating a visual representation and documentation is produced as a final product. That is the business model workshop. If you would like to see an example of the deliverables, check out our page (OCIO) which contains our Business Model Canvas, Value Proposition Value Map, and Customer Profiles. Thanks for reading and may you have a tech-stress-free day! Also, check out our vCIO Minute video which also compliments this posting.