Write a summary (500-750 words) of your business model. At least 5 sources of research should be included. In the summary, discuss your plans for key partnerships and cost structures, key activities, value propositions as well as key resource, value propositions and customer relationships. These are the most important elements in your business.
The Business Model Canvas
It offers a new way to use your phone for emergency communications during violence or kidnappings, without alerting criminals. The phones can collect data from the surrounding environment and determine if the client is at risk (Pirbulal, 2020). This solution will be especially useful to celebrities and women as well as multimillionaires. Ladd (2018). The principal partners are data center service providers as well as security agencies and officers. In collaboration with the company, security agencies may offer emergency services for a profit. The data center plays a vital role in providing cloud-based, remote computing functions that can help secure multiple stakeholders. The company may also be able to hire paramilitary personnel in order to maximize its profitability.
The value proposition is established and the relevant partners are identified. Now the attention shifts to the most important resources and activities needed to reach the business’s objectives and goals. Top on this list is extensive research and innovation in conjunction with effective collaboration between tech and security industry experts (Kühne, & Böhmann, 2018). The product is unique and has not been duplicated previously. This means that the top industry researchers and engineers must create a prototype prior to the official launch. In addition, both local and global investors will need to make the necessary financial commitment to facilitate product testing and wide-scale market rollouts………….
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