
Welcome to our course on Designing Business Models!
We're thrilled that you joined us, along with other students from all over the world, to learn more about designing business models. We trust you will soon be implementing your newfound knowledge and skills to great effect!
The video clip below provides an overview of the content covered in this introductory course.
We would love to interact with you, either through the discussion board (the section at the bottom of each of the lectures), or via email (mail to: sj@model-my-business.com)
Welcome again!
Begin with the end in mind, mentally conceptualize your business to clarify goals before execution and enable early, cost-saving changes; measure twice and cut once.
We map the business model canvas to an ontology of building blocks and relationships, and show how technology advances enable diverse configurations and software tools for management experts.
Define how a business model delivers value to customers and sustains revenue over expenses. Align strategy, operating design, and digital disruption to build scalable, customer-focused value.
Identify the building blocks of a business model, including customer segments, value propositions, products or services, channels, relationships, revenue streams, assets, and costs, summarized by the long-term business model canvas.
Explore how modeling guides the initial mental creation of a business venture, identify changes, and connect business models with design strategies, building blocks, and the business model canvas.
Identify customer segments with measurable, accessible groups and define a two-level value proposition that links problems to bundled offerings, highlighting functional, financial, and feeling benefits.
Define channels to raise awareness, enable evaluation and purchase, and deliver after-sales support and feedback, using direct or indirect, own or partner channels; build relationships and maximize customer lifetime value.
Identify revenue streams from products and services, including asset sales, usage fees, subscriptions, licenses, rentals, and agency fees, while balancing price and units with fixed or dynamic pricing.
Identify the key resources, activities, and partners required to deliver the value proposition, and map the cost structures as fixed or variable.
The lecture demonstrates completing a business model canvas for a learning organization, highlighting value from IT investments via an enterprise architecture course for clients, with channels, relationships, resources, and costs.
Explore how relationships between building blocks drive an aligned business model using systems thinking, linking value propositions, channels, customer relationships, revenue streams, resources, activities, and key partners and suppliers.
Apply a matrix approach to map relationships between building blocks in a business model canvas. Add software offerings and align channels, customer segments, and revenue streams.
Explore the relationships between building blocks to ensure alignment and a viable business model, identifying key relationships and using a combination of collaery and matrices for simple analysis.
Learn to use key performance indicators to interpret financial data, visualize sales, revenues, and expenses, and guide strategic decisions within a business model canvas framework.
Link revenue streams and expenses to the business model canvas by expressing figures as top-line percentages, then trace costs to the building blocks—resources, activities, channels, and customer relationships—to assess profitability.
Link kpis to the building blocks of the business model by visualizing revenue and expenses with the business model movie box, using data to guide decision making.
Learn to conduct a SWOT analysis, map findings to a robust business model, and identify strategic initiatives by assessing internal strengths and weaknesses and external opportunities and threats.
Align a SWOT analysis with the business model canvas to leverage intellectual property and expertise, address weaknesses, and seize opportunities from digital disruption and e-learning technology.
Translate SWOT insights into a business model design and a customer discovery plan to validate the need for a new e-learning offering and guide subsequent changes.
Link swat analysis insights to business model design by analyzing internal and external factors, identifying strengths, weaknesses, opportunities, and threats.
Since its publication in 2010, the Business Model Canvas has become a popular tool among people responsible for designing future enterprises of all sizes. It is attractive because it condenses years of business school and management consulting practice into a single page, effectively democratizing much of the traditional strategy theory in the process. And it is also freely accessible, that is, a quick internet search will provide you with access to a template, along with some background information on the basic concepts and process to populate the template.
However, I would suggest that the success of your future enterprise needs and deserves more than this basic content. Accordingly, the course leads you through business model design fundamentals in a step-by-step manner, and then builds on this basis by linking Finances and Key Performance Indicators (KPIs), as well as an analysis of the business environment (sc. SWOT analysis). A Business Model which is a product from this process is bound to possess better levels of quality, integrity, rigour and business environment awareness, which will provide a superior basis for your subsequent customer and business development efforts.
This course is ideal for people from any industry wanting to start a new business venture, either by building a new organization, or building a new line of business within the context of an existing organization.
It is also essential learning for those having to renovate or transform the value creation recipe of an existing business.