Sales | Marketing |
Branding | Service delivery |
Customer service | Customer support |
Customer relationship management | Customer retention |
Customer experience | Market research |
Product development | Production |
Order fulfillment | Payment processing |
Logistics | Reverse logistics |
Returns & refunds | Promotion |
Distribution | Shipping |
Receiving | Pricing |
Cost control | Strategy |
Planning | Project management |
Project delivery | Change management |
Process improvement | Process reengineering |
Go-to-market | Reporting |
Data analytics | Risk management |
Compliance | Regulatory reporting |
Financial management | Accounting |
Quality assurance | Quality control |
Inventory management | Billing |
Customer feedback | Customer advocacy |
Product improvement | Systems development |
IT operations | Help desk |
Process automation | Cybersecurity |
Incident & problem management | Procurement |
Partner management | Facility management |
Asset management | Performance management |
Maintenance & repair | Backup & restore |
Business continuity | Disaster resilience |
Key Activities in the Business Model Canvas
Business model canvas is a common strategy planning tool that asks participants to fill out sections such as key partners, key activities, key resources, value propositions, customer relationships, channels, customer segments, cost and revenue streams. In this context, key activities are the actions and processes that are required to deliver your value proposition. This includes everything that you need to develop and manage such as a developing a product, launching it, closing sales and managing customer relationships.What Qualifies as a Key Activity?
Anything that you need to do as an organization can be documented as a key activity. This includes one time actions such as launching a product and repeated processes such as order fulfillment.Who Uses Key Activities?
Key activities can be used by anyone in your organization to plan and manage business initiatives and day-to-day processes. The following are common uses of key activities.- Strategic planning activities such as business model canvas.
- Documented in strategy plans and business plans.
- Used to architect and design business processes.
- Used to define standard operating procedures.
- Captured in manuals and documentation of work procedures.
- Outlined in policies and guidelines.
- Used to define job descriptions and job roles.
- Key activities can be used to identify performance metrics and KPIs for reporting.
- Used to plan projects and tasks.
- Key activities are reported in status reports such as a weekly project report.
- Used to define training materials and training programs.
- Key activities are a basic entity that is used to plan and improve a business.
Summary
Key activities are anything that you need to do as an organization to achieve objectives. These can be actions, tasks, meetings, events, processes or ongoing responsibilities. Key activities are commonly documented in strategies, business plans, project plans, procedures, policies, action plans and status reports. They are also prominently listed as part of the planning activity known as business model canvas.Overview: Key Activities | ||
Type | ||
Definition | Things that you do to add value. | |
Types | ActionsEventsTasksProcesses | |
Related Concepts |