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    StartUp Korean Drama Series (Reaction & Reflection)

    Uploaded by

    Dennis Roel T. Dulay
    The document discusses key elements of a business model canvas based on video clips of a Korean drama startup series. It provides opinions and reflections on how the clips illustrate the importance of having a solid value proposition to solve real problems, understanding customers to address their needs, using effective promotion to boost brand visibility, properly allocating costs between fixed and variable expenses, and communicating a clear value proposition to help customers understand a product's value over competitors.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    StartUp Korean Drama Series (Reaction & Reflection)

    Uploaded by

    Dennis Roel T. Dulay
    142 views2 pages
    The document discusses key elements of a business model canvas based on video clips of a Korean drama startup series. It provides opinions and reflections on how the clips illustrate the importance of having a solid value proposition to solve real problems, understanding customers to address their needs, using effective promotion to boost brand visibility, properly allocating costs between fixed and variable expenses, and communicating a clear value proposition to help customers understand a product's value over competitors.

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    The document discusses key elements of a business model canvas based on video clips of a Korean drama startup series. It provides opinions and reflections on how the clips illustrate the importance of having a solid value proposition to solve real problems, understanding customers to address their needs, using effective promotion to boost brand visibility, properly allocating costs between fixed and variable expenses, and communicating a clear value proposition to help customers understand a product's value over competitors.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    142 views2 pages

    StartUp Korean Drama Series (Reaction & Reflection)

    Uploaded by

    Dennis Roel T. Dulay
    The document discusses key elements of a business model canvas based on video clips of a Korean drama startup series. It provides opinions and reflections on how the clips illustrate the importance of having a solid value proposition to solve real problems, understanding customers to address their needs, using effective promotion to boost brand visibility, properly allocating costs between fixed and variable expenses, and communicating a clear value proposition to help customers understand a product's value over competitors.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    REACTION REFLECTION

    (give a personal opinion (add your thoughts and


    pertaining to your thoughts, analysis based from what
    feelings and rationalization about you have learned and how
    StartUp Korean Drama the video-clip based from what the video affects your ideas
    Series (video-clips) you have learned in filling the and possible practice in the
    Business Model Canvas) future)
    1 Product A business model canvas can The video thought me that a
    indeed be a big help to get product must have a solid
    people’s interest and support. It value proposition and can
    is a great way to introduce a solve a real problem, be
    product strategically into the understandable by users,
    market. perform their task as easily.
    That is why it is extremely
    important to focus on the
    fundamental elements of a
    business or product,
    structuring an idea in a
    coherent way.
    2 Customer A product should exist to help Understanding customers
    the end users. they are a critical enables businesses to
    factor when developing your deliver products and services
    marketing messaging and that address needs and
    strategy. If you fail to take the wants and retain customers.
    customers' views into account in That is why it is importance
    your marketing, it is likely your to treat customers with
    campaigns will not be successful. utmost consideration
    because they drive
    revenues; without them,
    businesses cannot continue
    to exist.
    3 Promotion Promotion really helps in Promotion creates better
    increasing customer traffic. The relationship with customers.
    more you promote your brand, Boost brand visibility. Not
    the more will the customers only these but promotions
    know about you and your will also help your company
    company and the more will they to introduce products easily
    be interested in your products. It in the ever-so-competitive
    is essential that businesses make market.
    use of the right media tool to
    target their customers.

    4 Cost Structure The idea of identifying the cost Proper cost allocation is
    structure is to allocate costs essential to identify and
    between fixed and variable costs calculate the profits with
    effectively. These costs are then each product and product
    associated with individual line. Failure to correctly
    products and product lines to identify and allocate the
    ascertain their correct pricing. costs in business may prove
    very dangerous for a
    business.

    5 Value proposition An effective value A powerful value


    proposition tells the ideal proposition helps your
    customer why they should buy customers truly understand
    from you and not from the the value of your company's
    competition. It improves products and services.
    customer understanding and Potential customers can
    engagement quickly understand what
    your company has to offer.

    (your) SURNAME, FIRSTNAME: ABANDO, CHESSCA NICOLE F.

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