Key Concepts: Digital Business Model Innovation
Everyone
- 7 videos | 22m 13s
- Includes Assessment
- Earns a Badge
Companies that adapt their business models to leverage digital advancements stay competitive and future ready. This course will help you understand the importance of updating your business model for the digital era. In this course, you'll learn about the roadmap for business model reinvention and recognize the five archetypes stated by George Westerman that facilitate it. You'll understand the use of the Disruption Theory by Clayton Christensen and learn about key elements that have an impact on business model innovation for digital transformation. Additionally, you'll learn about the actions that an organization can take to reinvent business models and evaluate the use of AI in this process. Lastly, you'll explore ways for business models to be sustainable and future ready.
WHAT YOU WILL LEARN
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Discover the key concepts covered in this courseRecognize the benefits of reinventing business models for digital transformationRecognize the five archetypes of business model reinventionIdentify key elements affecting business model innovation for digital transformation
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Recognize actions organizations can take to evolve business modelsRecognize the importance of ai in reinventing business modelsIdentify ways to sustain a new business model
IN THIS COURSE
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55sThis video provides an introduction to the key concepts covered in the course. FREE ACCESS
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2m 11sWith the widespread availability of technology, companies are pushed to rethink their business models. This shift is more than just adopting modern technologies; it's about making agility and innovation central to business operations. This video explains the various benefits of reinventing business models for achieving long-term success in a digital world. FREE ACCESS
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3m 19sBusiness models can be reinvented to meet the demands of digital transformation. This video explains how by applying the five archetypes, businesses can effectively navigate the challenges and opportunities of digital transformation. FREE ACCESS
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3m 59sTraditional business models often group functions, leading to restricted communication, minimal collaboration, and inadequate knowledge sharing. These approaches fall short in today's digitally transformed marketplace. Embracing a holistic transformation is essential, where breaking down silos and enhancing collaboration become the keystones of innovation. This video explains the key elements that drive business model innovation, compelling companies to continually adapt and innovate in response to digital disruption. FREE ACCESS
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2m 49sSwitching to a digital business model is a strategic move that demands constant attention to the organization's main goals. It's about ensuring that digital strategies are not just parallel efforts but are central to the business's value proposition and economic structure. This video explains how by integrating digital technology, organizations can ensure that their digital transformation efforts are coherent, strategic, and aligned with their long-term business goals, leading to sustainable growth and market leadership. FREE ACCESS
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4m 13sArtificial Intelligence (AI) is revolutionizing business model innovation by providing comprehensive market insights that inform strategic decision-making. This video explains how organizations can leverage AI to lead the way in innovation, while upholding ethical standards and trust with customers. FREE ACCESS
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4m 49sProactive adaptation to market disruptions is crucial for staying ahead in the business world. Companies must continuously monitor emerging trends and disruptive strategies from competitors, integrating these insights into their own business strategies. This video explains how by focusing on a few critical areas, businesses can ensure they are well-equipped to navigate the complexities of the modern marketplace, fostering a resilient and forward-thinking organization. FREE ACCESS
EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE
Skillsoft is providing you the opportunity to earn a digital badge upon successful completion on some of our courses, which can be shared on any social network or business platform.
Digital badges are yours to keep, forever.