Basics of Business Models and their commercial impact
June 13—June 17 /2022 : Kuwait
June 20—June 24 /2022 : Muscat
June27 - July 01\ 2022 : Kuwait
July 10—July 14 /2022 : Kuwait
July 24—July 28 /2022 : Kuwait
September 5- September9/2022 : Kuwait
September19-September23/2022: Muscat
Introduction
The purpose IACT of this course Basics of Business Models and their commercial impact is today’s leading creator of value for businesses. From the rise of asset-light business model to new revenue methods (think Microsoft moving from box sale to recurring revenue sale of Office Suite), the new wave of corporate innovation will rise from radical business models.
This module is designed to provide participants with an understanding of the business model and the various frameworks to build their own models (e.g. business model canvas). Later, they will be introduced to the difference between a business model and strategy and how a unique business model can be a strategic advantage.
Objectives
Attending this IACT training course will give delegates an opportunity to:
Þ What is a business model
Þ Using the business model canvas
Þ Introduction to Strategy and Strategic Framework
Þ Impact of technology on the business model
Þ Using the value proposition canvas
Þ How to describe key aspects of a social impact startup, such as impact opportunity, theory of change, and plans to scale
Þ How to analyze the social ventures of your peers and predecessors and apply that analysis to your own work
Þ Gain confidence in your ability to identify and address social and environmental challenges
Þ Course assignments can be used as part of applications to social entrepreneurship programs such as MIT Solve
Who should attend this Course?
Þ Entrepreneurs/ Business owners
Þ Managers looking to enhance processes in their organisations
Þ Project management teams
Þ Professionals seeking to understand innovation and develop plans for their organisations
Course Methodology
The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
Pre and Post Test
Outline
DAY 1:
Introduction: learning objectives and assignments.
Þ What is sustainability: Understand the notion of sustainability from a organisational and business wise perspective.
Þ The great transition: Identify the transition from a linear to a circular economy and what this implies.
Þ Business Models & why do we need new business models?: What is a business model and why a changing economy needs a new generation of business models.
Þ Living in a changing economy: Identify seven trends and developments of a changing economy.
DAY 2:
WEconomy: Economy and society is changing and how to use this as input for your value proposition.
Þ Bio-based, functional and circular economy
Þ Commodity-based economy
Þ How the economy is changing from a linear to a circular model
Þ The notion of selling functions instead of products and how this impacts ownership / legal structures.
Þ Sharing and Collaborative economy
Þ “Asset management "and the sustainable economy.
Þ Changing economy requires new concepts of collaboration.
Þ Self-production (3D) economy: Envision the rise of self-production through 3D print technology.
Þ Internet of Things + NBM
DAY 3 :
New Business Model Design
Þ Pitching your NBM team
Þ Identify and describe the people with whom you want to develop the initial value proposition.
Þ Organizing your NBM?
Þ Describe what kind of organizational concept you have in mind.
Þ Resources needed for your NBM?
Þ Make an inventory of the things you need to structure your value proposition.
Þ Case-study
Þ Study several real world examples and analyse how they have shaped their value proposition.
DAY 4 :
Principles & Value proposition
Þ What is value creation?
Þ Comparing conventional and new business models
Þ Understand how business models are based on principles
Þ Reassessing the value proposition
Þ Community building , different character of communities.
Þ Building a community
DAY 5 :
Assessing value creation
Þ What is the value created?
Þ Understand the nature of values and which role they play in business models.
Þ How do we assess values: Understanding the difference monetization and valuation.
Þ Assessing the value created by your NBM: Understand how valuation and monetization are embedded in your NBM.
Þ Missed chances: Assess your business model from a non-monetary perspective.
Þ Complete clover canvas
Schedule:
08:30 – 10:15 First Session
10:15 – 10:30 Coffee Break
10:30 – 12:15 Second Session
12:15 – 12:30 Coffee Break
12:30 – 14:00 Third Session
Fees:
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is:
4.250 USD$