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Design and innovation of business model

Business models are an important tool when starting a new business or building a growth company. Business model analysis provides us with a simple and effective framework for evaluating new opportunities.

Design and innovation of business model

There is one session available:

After a course session ends, it will be archived.
Starts Oct 22
Estimated 4 weeks
5–8 hours per week
Self-paced
Progress at your own speed
Free
Optional upgrade available

About this course

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The core of Business Model Design lies in skills and leadership of the entrepreneurial manager. It requires a disciplined approach to seeking opportunities, as well as gathering and aligning resources to achieve important goals.

In this course, students will strengthen two important skills: intuition and visual thinking, while applying quantitative methods learned in other courses, such as Finance, Economics and Financial Intelligence.

The focus of this course is on four pillars:

1. Observation as a key element to discover business patterns.

2. The organization of complexity, the art of synthesis using visual thinking, mapping and system design.

3. The concept of white space as "potential activities not defined or mentioned in the current business model".

4. Storytelling and establishing contact.

Observation is a key aspect of discovering business patterns. Students will learn, through different cases and methodologies - some already seen - how to identify key elements of a business model. This includes the nature of an integrated business company in which we define the Business Model.

What would be different if managers thought like designers? Although many business people appreciate the power of design, a formal process for practicing it has been elusive - until now. In this course, the goal is to find a way to organize complexity, the art of synthesis using visual thinking, mapping, and system design, to connect elements as diverse as ideas, resources, transactions, values, and networks.

According to Mark Johnson, the blank space refers to "potential activities not defined or mentioned in the company's current business model; that is, the opportunities that exist outside its core and beyond its adjacencies; that require a different business model to be able to take advantage of them."

An important component of Business Model Design and Innovation is Storytelling and establishing contact. Using technology to connect with the audience is key. As part of the deliverables to be rated, entrepreneurial leaders should know about social media and technology-driven content, concentrating both on modeling how to use these technologies to connect and communicate with others, and how to achieve passion through networks.

At a glance

What you'll learn

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  • Distinguish the elements of a business model.
  • Organize complexity through: visual thinking, mapping and system design.
  • Identify key business patterns through the BMC.
  • Explain the concept of blank space to identify opportunities.
  • Identify storytelling as a component of the Design and Innovation of the Business Model.
  • Outline business models that take into account social and community well-being.
  • Estimate time and stress to solve a problem in different settings and environments.
  • Identify underlying problems through the formulation of the correct questions.
  • Value technology as a strategy to connect with the key audience.

Topic 1. Introduction, Concept and History of Business Models

1.1 What is a Business Model?

1.2 Blank Spaces

Topic 2. Strategy, Innovation and Organizational Development as an integral part in the definition and design of business models

2.1 The end of the Sustainable Competitive Advantage

2.2 Skills to develop your Business Model

Topic 3. Methodologies to develop your Business Model

3.1 Methodologies to develop your Business Model I

3.2 Methodologies to develop your Business Model II

Topic 4. Different Types of Business Models

4.1 Business Model I

4.2 Business Model II

About the instructors

Who can take this course?

Unfortunately, learners residing in one or more of the following countries or regions will not be able to register for this course: Iran, Cuba and the Crimea region of Ukraine. While edX has sought licenses from the U.S. Office of Foreign Assets Control (OFAC) to offer our courses to learners in these countries and regions, the licenses we have received are not broad enough to allow us to offer this course in all locations. edX truly regrets that U.S. sanctions prevent us from offering all of our courses to everyone, no matter where they live.

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