Lean Canvas
by Library Staff Product
Definition
Lean Canvas is an adaptation of Business Model Canvas by Alexander Osterwalder which Ash Maurya optimized for Lean Startups. It replaces elaborate business plans with a single-page business model.
Origin
Created by Ash Maurya in 2010, the Lean Canvas was designed to focus on the “riskiest parts” of a startup business model.
When to use
- At the very beginning of a new product or startup idea.
- When you need to iterate quickly on your business assumptions.
- Communicating a business model clearly to stakeholders or team members.
The 9 Blocks
- Problem: The top 3 problems you are solving.
- Customer Segments: Target customers.
- Unique Value Proposition: Why you are different and worth buying.
- Solution: Top 3 features.
- Channels: Paths to customers.
- Revenue Streams: Sources of cash.
- Cost Structure: Fixed and variable costs.
- Key Metrics: Key activities you measure.
- Unfair Advantage: Something that cannot be easily copied or bought.
Related Frameworks
Product
Jobs to be Done (JTBD)
A framework for understanding customer behavior and why people buy products.
ProductRICE Prioritization
A scoring system used by product managers to prioritize ideas, features, and projects.
StrategySWOT Analysis
A strategic planning technique used to help identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.