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.
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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:
- Observation as a key element to discover business patterns.
- The organization of complexity, the art of synthesis using visual thinking, mapping and system design.
- The concept of white space as "potential activities not defined or mentioned in the current business model".
- 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.
This course is part of the Innovation & Entrepreneurship
MicroMasters program.
What you'll learn
- 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.
Syllabus
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
