Business Model Canvas: A strategic management tool that outlines the nine key components of a business model. Key Partners: External organizations or individuals that contribute to a business's ability to operate by providing resources or performing activities. Cost Structure: The breakdown of all costs associated with operating a business. Key Activities: The most important actions a company must take to perform successfully. Key Resources: The assets required to offer and deliver the desired value propositions, channels, and customer relationships. Cost Driven: A business strategy focused on minimizing costs wherever possible. Value Driven: A business strategy focused on creating premium value propositions. Value Propositions: The mix of products and services that create value for a specific customer segment. Customer Relationships: The types of relationships a company establishes with specific customer segments. Channels: The means through which a company delivers its value proposition to its customer segments. Revenue Streams: The cash a company generates from each customer segment.