BUSINESS MODEL INNOVATION WORKSHOP
RATIONALE
Research has shown that innovation of business models can create up to 25 times the competitive advantage compared to product and process innovation. Today, countless innovative business models are emerging with new industries forming while the old ones crumble. New innovation start-ups are challenging the old ones, some of whom are struggling to reinvent themselves.
Business Model Innovation is about creating value, for companies, customers and society. It is about replacing outdated models. How do you imagine your organisation’s business model might look in two, five or seven years from now? Will you be among the dominant players? Will you face competitors brandishing formidable new business models? How can you turn a promising idea into a successful enterprise? It is all in evaluating and articulating the opportunity. Whether you want to launch a start-up or pitch a growth initiative at your organization, the path to success involves mapping out your idea and defining a sustainable business model. Therefore, this course will help its participants improve on their business models and launch their ideas into a formal plan.
LEARNING OBJECTIVES:
Personality Assessment Test: We conduct Personality Assessment Test on all our Course participants to help them understand their personality traits and dispositions.
At the end of the workshop, participants in addition, will be able to:
- Use key strategic tools to select the right business models and turn ideas into a plan
- Know how to apply the nine-point business model framework: value proposition, target market, customer relationship goal, distribution channel, revenue, key resources, key activities, and key partnerships, and costs
- Learn how a business model might be varied to increase the odds of success
- Understand the basic components of a Business Model and explore the processes of business model innovation
- Learn how to systematically invent, design and implement powerful new business models
- Understand how to question, challenge, and transform old, outmoded business models
- Learn how to turn visionary ideas into game changing business models that challenge the established businesses
COURSE CONTENT
- Business Modelling as a Strategic Tool
- The Business Model Canvas: Innovative Business Models
- Business Model Understanding: Vision Canvas & Context Canvas
- Value Proposition Canvas: What is the job you get done?
- Business Model Innovation
- Business Model Inspiration
- Business Model Mechanics: Beyond product innovation and new customer segments
- Business Model Validation
- Facilitating Business Model Innovation Projects.
TARGET AUDIENCE
Business Development Managers, Business Development Executives, Business Strategists, Entrepreneurs, Consultants/Business Coach and anyone looking for hands on tools to apply to their business models.