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Tools & References
Key Activities
Despite being easy to identify all activities that a company performs or can perform, defining what the central activity of the company is may be a difficult task, especially in companies that provide services. The correct definition of the Key Activity of a company is: the most important activities in executing a company’s value proposition.
Therefore, we can say that all business models require one or more Key Activities, that can be defined as the most important actions that a company must carry out in order to apply its business model successfully. It is of the utmost importance that Key Partnerships and Key Activities are able to create a strong value proposition to:
i) reach the markets;
ii) maintain relations with customers and partners;
iii) generate revenue.
Similarly to Key Partners, Key Activities vary based on the business models of the companies.
Therefore, we can say that all business models require one or more Key Activities, that can be defined as the most important actions that a company must carry out in order to apply its business model successfully. It is of the utmost importance that Key Partnerships and Key Activities are able to create a strong value proposition to:
i) reach the markets;
ii) maintain relations with customers and partners;
iii) generate revenue.
Similarly to Key Partners, Key Activities vary based on the business models of the companies.
