In the last weeks/months I have been experimenting a bit with introducing the canvas in the current practice of the Business Innovation department at my company, which I am in charge of.
I would like to share with you two cases.
Case one
This method focuses on conducting a SWOT analysis with the support of the canvas, which is a rather conservative idea since parts of it are already described in the book.
You can see an outline of the process in the images below. Once you have your shiny new BM, you can perform an analysis of its strengths and weaknesses, from an internal perspective, and you can also analyse the threats and opportunities shaped by its surrounding conditions.
Case two
This one is slightly trickier, it is basically about using the canvas and its building blocks to perform a retrospective and prospective analysis of an existing company. The starting point is the current BM, it is a good point because it helps the team warm up.
Once we have that, with the help of a timeline, you try to identify the key stages in the evolution of the company's BM, finding connections between blocks (e.g. investing in a new resource allowed to offer a new value proposition, or partnering with a given player opened up a new channel). It is great fun to trace down the causes of certain changes and the effects of those. You often see companies that have never reflected on what made them be what they are.
Finally, the third step tries to use all the learnings to foresee challenges the company will face on the basis of its current BM. The trends analysis comes in handy here, but also the patterns and organisational behaviours identified looking back in time.
Case two is kind of a mood-setter and possibility-booster for generating new BMs. Looking back in time does not make you more innovative (or maybe it does?), but it sure helps you avoid a few traps. It is particularly helpful if you are working for/within an organisation you don't know inside-out, avoiding potential embarrassment and bringing out all the "we already tried that"s in the team...
Well, that's my two cents. I have applied both methods 10-12 times with consistently good results, both within my organisation and for third parties. Have you guys tried other uses apart from designing new BMs or describing existing ones?
Cheers,
Miguel