Business Model Innovation
We provide unique and highly interactive skills & knowledge base training to the industry.
1-day training program, industry focused training with hands-on practical.
TGS-2021010315
Professional Certification by Singapore University of Technology & Design (SUTD) Academy
Enjoy Extended Funding of up to 90% from SSG and 10% training grant from SCA*
Introduction
Navigate the digital economy’s landscape with our Business Model Innovation course, designed to catalyse strategic rethinking and innovation within your organization. By examining case studies from industry leaders and applying practical tools, participants will uncover opportunities to enhance competitive advantage, fostering a creative and analytical approach to business model innovation.
Course Overview
This intensive one-day Business Model Innovation course empowers participants to explore and redefine their organization’s value creation and delivery through strategic analysis and innovation. Drawing inspiration from giants like Apple, Amazon, and Google, the program introduces practical tools like the Design Innovation principles, Lean Startup methodology, and the Business Model Canvas. Attendees will engage in hands-on activities to identify high-potential opportunities, fostering a creative mindset to drive performance and competitive advantage in the digital economy.
Learning Objectives
Upon completion of this course, participants will:
- Gain a comprehensive understanding of the evolution of business models and the impact of technological advancements.
- Master the Design Innovation Process, including its structural elements: people, process, methods, and principles.
- Learn to apply the Lean Startup methodology for rapid, feedback-driven product development.
- Develop proficiency in using the Business Model Canvas to design and assess innovative business models.
- Explore the integration of cutting-edge technologies in business model innovation.
- Enhance teamwork, creative thinking, and presentation skills through collaborative activities and a business model pitching session.
Target Audience
This course is ideal for entrepreneurs, business strategists, product managers, and anyone interested in understanding and applying innovative business models in today’s fast-paced economic landscape. It’s also suited for individuals looking to transform their startups or established businesses through innovative approaches to value creation and delivery.
Topics Covered
1. Foundations of Business Model Innovation
Introduction to business models and their role in creating value. Explore how companies like Airbnb and Uber use innovative business models to disrupt industries. Introduction to the Design Innovation (DI) Process.
2. Lean Startup Methodology
Overview of the Lean Startup Methodology, focusing on rapid prototyping, validated learning, and iterative development to minimize risks and accelerate innovation.
3. Design Innovation (DI) Process
Introduction to the DI Process, covering stages like Empathize, Define, Ideate, Prototype, and Test, with practical applications for solving business challenges.
4. Business Model Canvas (BMC)
Learn to use the Business Model Canvas to visualize and design business models, focusing on key components like Value Propositions, Customer Segments, and Revenue Streams.
5. Innovation Through Technology
Explore how emerging technologies can drive business model innovation, with case studies showing how digital tools and automation are reshaping industries.
6. Developing Your Innovative Business Model
Apply the day’s concepts to develop and present innovative business models using the BMC and DI Process, with feedback to refine ideas for real-world implementation.
Course Fees
Full Course Fees – $1,090 (w/GST)
Singaporeans above 40 years old – $127 (w/GST)
Singaporeans below 40 years of age/PRs (SME-sponsored) – $127 (w/GST)
Singaporeans below 40 years of age/PRs (Self-sponsored) – $327 (w/GST)
SCPC Member will qualify for an extended training grant worth $127, which will be reimbursed upon completion of the course.
Upcoming Training Dates
Each intake will close when we fully subscribe. We reserve the right to reject the application or change the dates below.
- 15 January 2025
