Reinventing and Rethinking Business Models

Everyone
  • 10 videos | 42m 30s
  • Includes Assessment
  • Earns a Badge
  • Certification CPE
Rating 4.8 of 6 users Rating 4.8 of 6 users (6)
In an era where digital advancements are reshaping industries at an unprecedented pace, organizations must rethink their traditional business models to maintain a competitive edge. In this course, you'll learn about the importance of business model innovation in the context of digital transformation, and how to assess your current business models. You'll also learn about the key characteristics that differentiate digital models from traditional ones. You'll explore the strategies for fostering innovation and various archetypes for business model reinvention. You'll discover the ways to enable and manage business model transformation, including overcoming common barriers and applying change management principles. You'll also learn about the creation and implementation of digital platforms that enhance customer engagement and operational efficiency, as well as strategies for sustaining newly implemented business models over time.

WHAT YOU WILL LEARN

  • Discover the key concepts covered in this course
    Recognize the importance of rethinking or reinventing an organization's business model
    Recognize the impact and effectiveness of your organization's current business model in order to remain competitive in the digital world
    Identify the key characteristics that differentiate digital business models from traditional models
    Recognize how innovation can be encouraged with a digital business model
  • Recognize the different archetypes of the business model reinvention and their applications
    Recognize how to enable business model transformation
    Identify key considerations when transforming digital platforms
    Identify ways to sustain a newly implemented business model in the context of digital transformation
    Summarize the key concepts covered in this course

IN THIS COURSE

  • 2m 36s
    Digital advancements are reshaping industries at an unprecedented pace, meaning that organizations must rethink their traditional business models to maintain a competitive edge. In this video, you'll be introduced to the key concepts that will be covered in this course. FREE ACCESS
  • 3m
    Understanding the importance of rethinking or reinventing a business model is crucial in today’s digital age. Business model innovation is key to maintaining a competitive edge and leveraging digital transformation. In this video, you'll learn what business model innovation entails and why it is significant for organizations. You'll also learn about the relationship between innovative business models and competitive advantage. FREE ACCESS
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    3.  Assessing Current Business Models
    5m 22s
    To stay competitive in a digital world, it’s essential to assess the impact and effectiveness of your current business model. Evaluating existing business models helps identify areas for improvement and potential digital opportunities. In this video, you'll learn about the steps and tools needed for assessing your current business model. You'll also learn about conducting a SWOT analysis and the metrics for evaluating the effectiveness of business models. FREE ACCESS
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    4.  Characteristics of Digital Business Models
    6m 43s
    Digital business models have unique characteristics that set them apart from traditional ones. Understanding these key characteristics is vital for leveraging digital technologies effectively. In this video, you'll learn about the characteristics that differentiate digital business models and how they help in enhancing value creation and customer engagement. FREE ACCESS
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    5.  Innovation in Business Models
    3m 32s
    Encouraging innovation within your business model is essential for thriving in a digital economy. Innovation can drive growth and competitive advantage. In this video, you'll learn about the strategies for fostering innovation within your business model. You'll also learn about implementing innovative practices that leverage digital technologies and best practices for creating a culture that encourages experimentation and risk-taking. FREE ACCESS
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    6.  Archetypes of Business Model Reinvention
    4m 14s
    Different business model archetypes offer various pathways for reinvention. Understanding these archetypes can guide your transformation journey. In this video, you'll learn about different archetypes for business model reinvention and their applications. You'll also learn about selecting the appropriate archetype based on organizational goals and market conditions. FREE ACCESS
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    7.  Enabling Business Model Transformation
    4m 46s
    Transforming a business model involves navigating several steps and overcoming potential barriers. Effective transformation is supported by understanding key factors and applying change management principles. In this video, you'll learn about the factors that support business model transformation and the steps involved in the process. You'll also learn about strategies to overcome barriers and application of change management principles to ensure successful initiatives. FREE ACCESS
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    8.  Creating the Digital Platform
    6m 2s
    Digital platforms play a crucial role in facilitating business model innovation by enhancing customer interactions and operational efficiency. In this video, you'll learn about the key considerations when transforming digital platforms. You'll explore the process of designing and implementing digital platforms and the technologies and tools that support their development. FREE ACCESS
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    9.  Sustaining New Business Models
    4m 11s
    Sustaining newly implemented business models is vital for long-term success in a digital environment. Continuous adaptation and monitoring are key. In this video, you'll learn about the strategies for maintaining and evolving new business models over time. You'll also learn about monitoring market trends and gathering customer feedback to ensure business model relevance, as well as using metrics and performance indicators to assess sustainability. FREE ACCESS
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    10.  Course Summary
    2m 5s
    In this video, you'll review and reflect on what you've learned in the course Reinventing and Rethinking Business Models. FREE ACCESS

EARN A DIGITAL BADGE WHEN YOU COMPLETE THIS COURSE

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