Business Model Canvas Described: The Business Model Canvas is a strategic management tool that helps organizations design, visualize, and assess their business models. It consists of nine key components: customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure. By mapping out these elements, businesses can gain a clear understanding of how they create, deliver, and capture value, enabling them to make informed decisions and adjust their strategies as needed.