Study on Value Proposition in Online Education Sector-Based on Nine Building Blocks

Abstract

Online learning and education systems have become strong contenders for new educational systems, as has been observed throughout the previous few years. It was recently discovered that some online courses were held to spread awareness among millions of individuals worldwide on a variety of topics. Online learning and education systems have become strong contenders for new educational systems, as has been observed during the last few years. Numerous online classes have been held, according to a recent study, to train millions of people globally on a variety of topics. The nine blocks cover the three main areas of a business: desirability, viability and feasibility. The business model is like a blueprint for a strategy to be implemented through organizational structures, processes, and systems. The foundational building blocks of every business are Processes, People, Customers and Resources. Leaders, who strengthen and understand, each one of these blocks, build their business. There are two primary concrete block categories: hollow and solid. Both of these concrete block types are typically used during the construction of walls, but can be used for other purposes as well.

When filling out a Business Model Canvas, you will brainstorm and conduct research on each of these elements. The data you collect can be placed in each relevant section of the canvas. So have a business model canvas ready when you start the exercise.