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= Overview =

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By recognizing over 85 percent of new business fall within a few years, often because they try to plan their way to success, The IBMC represents a radical departure from the past and the crest of a new paradigm in entrepreneurship. '''The IBMC is not a business plan competition.''' It doesn't reward the student for doing lots of library research, drawing fancy graphs, or crafting the perfect sales pitch to venture capitalists. Instead the IBMC want the students to<ref>http://www.businessmodelcompetition.com/general-information.html</ref>:

== Business Model Canvas ==

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Business Model Canvas is one of the key tool that IBMC recommends the competing teams use. It is a strategic management template for developing new or documenting existing business models. The canvas consists of nine business model building blocks, which can be organized into four categories: ''Infrastructure, Offering, Customers,''and ''Finances''.<ref>[http://www.businessmodelgeneration.com/ Business Model Generation], A. Osterwalder, Yves Pigneur, Alan Smith, and 470 practitioners from 45 countries, self published, 2010</ref> By using a visual approach to design business model, Business Model Canvas makes it easier for firms to align their activities by illustrating potential trade-offs.

== IBMC 2013 Top 3 Winners ==