
Introduction to understanding business model trasnformation course
After this module you will be able to see how you can apply the Business Model Canvas in order to define your own rationale of how you will create, deliver and capture value
After this module you will be able to understand how Business Model Change takes place, factors affecting it and how it can be managed
After this module you will be able to explain what it is, how it is undertaken, the importance in a competitive environment and also some company innovation examples
After this module you will be able to define Business Model Transformation, understand how it differs from Business Model Change and Innovation and look at ways we can visually represent how the process of Business Model Transformation occurs as a response to adopting digital technologies
After this module, you will learn how the Business Model Transformation process of any company can be mapped
After this module, you will learn how the Business Model Transformation process can be measured and classified using a "BMT-T Shaped Framework" and a measurement scale
This course is based on my dissertation titled " Business Model Transformation as a response to digital technology adoption amongst manufacturing firms". As you are aware, there are a lot of courses that have emerged over the years on business models in general. Most courses focus on the digital transformation of a business model and neglect other factors that may transform a business model. This course will fill that gap while also focusing on digital technologies and their influence on transforming business models. This is relevant because of the fourth industrial revolution currently occurring today. This course will also equip you with knowledge on Business Model, how the Business Model can and is changed and also how the Business Model can be Innovated. Lastly it will also look at how the Business Model can be transformed and after the transformation process the course will also look at how it can be classified and measured. Understanding your Business Model and the various factors that can affect it is very crucial in today’s uncertain world especially for the competitiveness of the company. Without a sustainable and adaptive business model, it will be difficult for any firm to weather the external threats while strengthening internal capabilities to compete.