Describe the business model canvas (BMC), and explain the difference between BMC and the Lean Canvas. Which do you feel is more appropriate for a new venture startup (and why)?
Many experts argue that Empathy is the most important skill/behavior possessed by, and demonstrated by entrepreneurs when developing a business plan or business model (as well as when an entrepreneur is starting their new venture). Explain why you believe experts feel this way? Do you agree or disagree, and why?
Based on the materials presented in this course, and your own personal experience and knowledge, describe why business models have become so popular – replacing business plans in so many circles.