Business Canvas Model of ZOOX Company-Free-Samples for Students

Question: Analyze and Identify the Business Canvas Model of ZOOX Company. Answer: Introduction The report helps in analysing and identifying the business canvas model of ZOOX Company that is self-driving car company. The different kind of analysis is required to be done on the analysis of the strategies along with the critical success factors that will help in understanding the issues and solve them in an effectual manner. The main aim and purpose of the report is to understand the different kind of strategies that has to be adopted by company as to solve such issues related to different factors in nine building blocks. The relationship between the nine building blocks has to be analysed in an effectual manner that will help the company in implementing such changes in the organization in an effective manner. The structure of the report includes the different kind of strategies that has to be analysed along with identification of relationship between the nine building blocks of BMC of the respective company. The changes has to be analysed and implemented as to understand the issues and solve such issues effectively with the analysis of the critical success factors. Overview of ZOOX Company ZOOX is a self-driven car organization that is an autonomous stratup driving company that is based in Menlo Park, CA. ZOOX is one of the car companies that has been founded in the year 2014 and this is performing quite well in the entire competitive market as well. ZOOX is a self-driven car company wherein this has been operated as driverless car wherein that provides an automated solution to the customers in an effective manner. The respective company has provided the customers an advanced technology that has satisfied the requirements of the customers in an effectual manner ("Zoox", 2018). Products and services offered by ZOOX Company There are different kind of products and services offered by the respective company named ZOOX wherein they will offer the different kind of robo-taxi services and this has provided the customers with different kind of services in comparison to the different competitors in an effectual manner (Klang, Wallnfer Hacklin, 2014). As it is a start up business of ZOOX, it has tried in understanding the different moves of the competitors as this has helped them in implementing different robotic strategies that has helped the company in gaining proper competitive advantage in the market (Schaltegger, Hansen Ldeke-Freund, 2016). Management Team of ZOOX Company The management team of the ZOOX Company includes the Tim Kentley Klay who is the founder of the company. He is the founder of the company who has started the start up business of self-driven technology car that has been popular in the entire market. The entire management team of the company has been trying hard in order to gain competitive advantage in the market and this has positively influenced their company as well in the competitive market (Souto, 2015). Business Canvas Model of ZOOX Company Key Partner Information Technology Partners Other automated or robotics car companies Partners of the supply chain Visionaries Key Activities Proper marketing, sales and production Innovative strategies have been applied for different kind of better experiences that can be provided to the customers in the market Proper development of future for mobility Acceleration of time of the vision Value Proposition Proper and ultimate driving experience Full electric and automated driving services Remote kind of services that include car and lock comfort Connected kind of drive wherein charging and parking is included Customer Relationships Always by the side of the customers Assistance of the co-pilot driver Customer Segments Performance kind of drive Brand conscious individuals who love sports Quality minded individuals Key Resources Manufacturing system is agile in nature Proper and efficient kind of dynamics ZOOX brand Talented individuals who have entire knowledge on robotics Channels Different dealers Online booking that is rental in nature There are different third-party service providers of mobility Cost Structure R D Exploration along with innovation Marketing and sales Training of the different individuals Production team Revenue Streams Rental and leasing fees Car sales Maintenance and service of the car Relationships between Nine Building Blocks of BMC Proper relationship is required to be present among the nine building blocks of the business canvas model of ZOOX automated and self-driven car company (Dijkman et al., 2015). Proper and effective communication is essential in nature as this will help in understanding the different kind of requirements in the organization and it is a proper organizational development tool. The key partners are essential as they help in creating alliances with the different partners (Bocken et al., 2014). Similarly, the key activities are essential in nature as they provide understanding of the entire value proposition of the company in an effectual manner (Foss Saebi, 2017). it is a problem-solving approach that helps in analysing the new and existing customers. The value proposition helps in meeting the demand of the customers (DaSilva Trkman, 2014). Proper customer relationship is essential in nature wherein this will help in focusing more on quality of the products and services provided to customers (Sinkovics, Sinkovics Yamin, 2014). Proper customer relationship is essential in nature wherein this helps in interacting with the customers and this helps in satisfying the needs of the customers. The channels are essential in nature in BMC wherein it includes awareness about the different products and services that will help in increasing the revenue of the company in an effectual manner. Proper and minimum turnover is essential in nature as this will help in gaining proper insigh t into the customer segments in an effectual manner (Joyce Paquin, 2016). Lastly, proper cost stream has to be maintained by the company wherein this will help in understanding the different kind of resources in an effective manner. the different kind of issues has been analysed and it has been solved in an effectual manner as well. Critical Success Factors in ZOOX Company There are different kind of critical success factors of the Ford Motor Company that has to be analysed in an effectual manner. Proper analysis is required to be done as this will help in understanding the different kind of issues and solve them effectively and gain critical success factors. Proper distribution network is one of the critical success factors that has to be ascertained by ZOOX Car Company wherein they will help in understanding the behaviour of the dealers of the car company. Like the different kind of auto dealers and corporations, it is essential in nature for the company to provide positive image of the company in an effectual manner (Aversa et al., 2015) Proper compliance and flexibility is essential and required in the company wherein this will help the company in understanding the different factors that will help them in meeting the different requirements of the customers in the market effectively Proper cash flow has to be maintained by the company wherein proper analysis is required to be done in order to achieve sustainable cash flow and this will help in understanding the issues and solve them effectively. Proper costs has to be kept under control wherein the respective company will be able to provide proper and accurate kind of discussions in the company in an effectual manner Contribution to downside risk There can be different kind of risks that has to be faced by ZOOX Car Company wherein the regulation is one of the factors that can affect the supply chain of the company in a negative manner. There can be big swings in the regulation of the car company that can cause huge issues in the organization. Secondly, the demand of the consumers keeps on changing that can cause huge issues in the organization wherein this can affect the company and the supply chain has to be designed in an effectual manner. Lastly, there can be different issues in the value chain management of the company wherein this can cause huge issues in the production of the cars as per the demands of the customers. Proper mitigation is required to be done with planned flexibility as this will help in solving the different issues and this can help the company in understanding the issues effectively as well. Changes required in ZOOX Company There are different kind of changes that is required to be done in the company if I was the owner. I would have tried to understand the different kind of demands and preferences of the customers in an effectual manner that would have helped me in meeting such demands. I would have tried to manage the issues with flexibility as this will help in gaining competitive advantage in the entire market. Conclusion Therefore, it can be concluded that proper analysis has been done wherein the relationships between the nine building blocks is essential in nature. There are different downside risks faced by the company that has been solved with proper utilization of different kind of resources in an effectual manner. 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