Business Canvas Model of Handy Company †MyAssignmenthelp.com

Question: Discuss about the Business Canvas Model of Handy Company. Answer: Introduction The report helps in understanding the business canvas model of the respective company named Handy Company wherein it is based on the cleaning of the different carpets, cleaning of houses and offices as well. The company information with market analysis along with analysis of products and services provided by the company will be discussed as well. The main aim and purpose of the report is to understand the business canvas model as this will help in understanding the contributions of the Handy company in mitigation of the downside kind of risk. The innovative strategies will be discussed with the help of the BMC in understanding the changes that are required. The structure of the entire report includes the business canvas model implementation with the analysis of the relationships within the nine building blocks of the BMC. Proper analysis is required to be done for analysis of the different techniques for mitigating the downside risk. Overview of Handy Organization Handy is the organization that is refreshing, responsive and reliable company of providing different kind of services in Sydney, Australia. The company helps in focusing on the different kinds of projects related to cleaning of office, strata and carpet cleaning as well ("Home Cleaning Handyman Services | Handy", 2018). Management Team Hamish Macqueen is the Chief Executive Officer of Handy company who is focusing on different kind of activities. There are other members in the team who take cares of the different other departments that include finance, sales along with marketing (Joyce Paquin, 2016). Handy is the company that is based in Sydney that helps in providing different clients by providing them the best and unique services wherein the entire stock is fresh, smelling and feeling brand new and unique. The respective company is the company that helps in analysing the different kind of cleanliness programs wherein the different customers will be shopping more kind of customers in the entire market. It has been seen that Handy Company operates in the service sector wherein it provides different kind of offices, carpets, strata along with national cleaning (Souto, 2015). The respective company will be focusing on the specialization of different kind of cleaning services that are industrial in nature and it includes maintenance of the different floors and this includes the different degreasing of the walls (DaSilva Trkman, 2014). Offering of the products and services in Handy Company There are different kind of offerings that has been offered by Handy Company it has focused more on the different kind of services of cleaning such as office, industrial and carpet cleaning. The main aim and purpose of the Handy organization is helpful in offering different kind of services related to cleaning and this has helped in increasing the overall efficiency of the organization (Bocken et al., 2014). Handy organization helps in providing different kind of training to the different staffs, provide proper health and safety policies in their different kind of schemes and these are different kind of services that are offered to the customers as well. It is required for the company in solving the different kind of issues and solve them in an effectual manner and the main purpose of the respective organization is to provide the different kind of services in a unique manner that will help the customers to prefer the services of cleaning in Handy (Carayannis, Sindakis Walter, 2015). Business Canvas Model of Handy Organization Key Partner It includes various producers who supply different materials for cleaning different carpets and industrial cleaning in different offices as well Partners for providing the different kind of information technology Key Activities Providing the different customers different kind of services of cleaning Facilities of different human resource management Providing the different services to the customers with the implementation of digital media Value Proposition The pricing that will be competitive in nature Delivering of the different kind of services that is safe and is free from any kind of risks Proper quality checks and provide the different customers with trained employees who can provide different services that will be done perfect Customer Relationships With the help of different websites Social networks Providing initial awareness to the different customers for the cleaning services Customer Segments Service sectors (independent companies) Household and industrial cleaning Retail cleaning Key Resources Cleaning products along with office premises and carpet Funding for the application for marketing Channels Social networks Information Technology organizations Flyers Cost Structure Cleaning up to 25% Cost of marketing up to 11% Costs of Information technology 15% Wages and salaries as per the capabilities of employees Website development Service payments to providers Revenue Streams Cleaning kind of services wherein transaction is 75% Prepaid cards Company fee is dependent on kind of job along with their frequency Key Relationship among nine building blocks of BMC Proper relationship is required among the nine building blocks of the BMC of Handy wherein all have connections with one another. The segment of the customers is the essential in Handy Model that will help the business to perform in an effectual manner and this will help the customers who are profitable in nature (Schaltegger, Hansen Ldeke-Freund, 2016). The entire company helps in focusing more on the mass market wherein this will help the company in providing the different services of cleaning that includes the official, industrial and carpet cleaning of the different households (Gobble, 2014). Furthermore, the value proposition is one of the essential elements of the BMC model wherein the entire organization gains proper competitive advantage in the entire company by providing different kind of specialized services to the different customers (Foss Saebi, 2017) The channels of the BMC model are essential in nature as this will help in delivering proper value proposition in an effectual manner. the different networks of Handy organization helps them in delivering different services in an effective manner. proper relationship with the different customers is essential in nature in different organizations as this will help in understanding the different needs of the customers in an appropriate manner (Dijkman et al., 2015). Handy Company provides different kind of schemes and other discounts that will help in understanding the different services in an effectual manner. The different kind of services that are automated by the respective organization as this will help them in offering their customers in understanding the different kind of orders of purchase. The revenue streams of the respective company include the different kind of brokerage fees along with other key resources as the company will be providing different kind of cleaning services to the different offices and other household cleaning as well. The entire cost structure of the company is value and cost driven as this helped in understanding the different cost services and other products that are provided by the company to their customers in an effectual manner. Identification of CSF in sustainable success There are different types of the CSF that are required as to achieve the different sustainable success in an effectual manner that are as follows: Proper increase in the share of the market with the help of different kind of customers as this will help the respective company in focusing on providing different kind of options to the target customers as to gain competitive advantage (Sinkovics, Sinkovics Yamin, 2014) Handy Company needs to achieve excellence with the help of the improvement in providing different kind of services to the customers in the entire competitive market The company needs to analyse the various kind of requirements that will help the respective company in providing the different services and they become more service oriented in nature Aligning the various types of the incentives that will help the company in rewarding the different kind of employees in an effectual manner and this will help in providing satisfaction to the different employees as well Contribution to mitigate downside risk The downside risk is the estimation of the different kind of potential of the different security as this will help in understanding the change in an effective manner. The respective organization needs to analyse the different kind of conditions of the entire market as this will help them in overcoming the situations in an effectual manner (Serrat, 2017). The respective company has to manage the different kind of risks in an appropriate manner with the proper usage of the diversity management. The diversification will help the company in changing the different issues with the implementation of the requirements of the market. The entire organization needs to analyse the plan in the time horizon as this will provide the company the strength in managing the risks in an effectual manner. Changes required in Cleancrop If the entire Handy business was owned by me, I would have implemented different kind of changes that would have made by the company more popular in different sectors in the entire society. I would have changed the customer segment wherein I would have included the different hostels and colleges as this will help in gaining more competitive advantage in the entire market. The revenue streams would have improved by me wherein I would have implemented different kind of revenues that would have provided me success with implementation of profit. Conclusion Therefore, it can be concluded that proper BMC model is required to be analysed in different kind of businesses as this helps in providing different kind of understanding about partners and channels of the company. However, it was seen there were different issues that has to be controlled with implementation of different strategies in an effectual manner. References Bocken, N. M., Short, S. W., Rana, P., Evans, S. (2014). A literature and practice review to develop sustainable business model archetypes.Journal of cleaner production,65, 42-56. Carayannis, E. G., Sindakis, S., Walter, C. (2015). 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