|1||16 - 17 Nov 2023||Please call us||Register|
Business Model Innovation takes a practical approach to understanding, designing, and testing business models. It includes analyzing existing business models, developing a business model for a new startup venture, and testing business model building blocks. The course offers you the opportunity to develop a unique skill set that has helped many leading entrepreneurs and enterprises. Business model innovation is at the center of value creation and many leading companies and social ventures owe much of their success to business model innovation.
By the end of this training course, participants will be able to:
Explain the importance of business models to value creation and new venture success in today’s economy
Describe, compare, and critically examine different business model frameworks
Analyze and critically evaluate business models used by actual ventures
Construct and present a business model for an innovative and viable new venture
Design and conduct tests for different business model building blocks, iterating based on market feedback and test results
Small Business Owners
People wanting to start their own business
Evaluating current strategy: Where are we right now?
The Business Model Audit
Revenues model vs Cost model impact on business model
Risk re-evaluation: the market
Know matrix + SWOT analysis
Frameworks to analyze the current workings of your company better
How well do you know your data?
Are you making data work for you?
Business Innovation: The Frameworks
A quick review of top strategy models in use today in the industry with relevant examples are stories
OAO model – is innovation accidental ?
A bespoke strategy model for continued innovation, planning accidental innovations
Understanding the innovation landscape today during COVID
How business model innovation has changed in the past years: product -> market loop
Startups vs corporates: examples how startups scaled to beat incumbent corporates at their game
Creating a new business model: Structuring innovation
Innovation portfolio creation
Defining business horizons: Horizon 1, 2 and 3
How to create the future
Predictability vs unpredictability: using metrics
Lean business model : increasing efficiency
Implementing new business models: Leadership in action
How to invest in innovation : Idea to business model life cycle creation
Creativity in a crisis
Things to learn from and implement
Chief Decision maker to Chief Experimenter ?
Ideas vs innovations that can be commercialized
Cultural change management: Case studies Netflix, Intuit
Decision making matrix change : Case study