Key Activities translate the abstract strategy of a business model into concrete actions. By clearly defining these activities, an organization can better allocate resources, identify necessary skill sets for hiring, and ensure that daily operations are aligned with the core Value Proposition.
These activities revolve around network management, matchmaking, software deployment, and platform promotion. This is the realm of multi-sided markets (eBay, Uber, Visa) and social networks. key activities business model
Use a 2x2 with axes: Strategic Importance (low→high) vs. Cost/Complexity (low→high) Key Activities translate the abstract strategy of a
Your most expensive costs will almost always be tied to your Key Activities. If "R&D" is a Key Activity, your cost structure must prioritize lab equipment and scientists. If "Marketing" is a Key Activity, your cost structure must prioritize ad spend. an organization can better allocate resources