To choose between lean canvas vs. Both lean and business model canvas are visual representations of the reality in which your business operates. But, unlike the traditional business plan, they are sketches. You need to update them as you grow your business and learn. The lean and business model canvas allows you to capture your business model on a single page.
Business Model vs. Business Plan
Business Models and Operating Models | Ashridge on Operating Models
Product Managers everywhere are using them to articulate the business case for new products and services. The BMC is of the core tools we use when assessing the viabilty of an idea. An adaptation of the canvas has become the Lean Canvas from Ash Maurya. These canvases capture similar information but the Lean Canvas tends to be more useful for a wide variety of ideas, where the BMC really focuses on getting new enterprises off the ground. Ash describes the canvas as a tool to systematically test each of the 9 subparts of the business model in order of highest to lowest risk.
Business Models vs Business Plans
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What is the difference between a business model and an operating model and who cares? But it does help to be consistent. In this blog I will offer some definitions, not because I think they are more right than other definitions but because, in order to develop definitions, you need to think through all the moving parts. For me a business model is the larger concept. An operating model is a part of a business model.