The Business Model Canvas is a strategic management tool that helps organizations visualize and design their business models. It consists of nine building blocks, including Customer Segments, Value Propositions, and Revenue Streams, which collectively provide a comprehensive overview of how a business creates, delivers, and captures value. By using the Business Model Canvas, teams can collaboratively brainstorm and refine their ideas, ensuring all aspects of the business are considered. This visual framework promotes clarity and alignment, making it easier to communicate the business model to stakeholders and adapt it as needed in response to market changes.