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Business Model Innovation

Supply Chain Asia provides a unique,
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

Evolution of Business Models and the Impact of Technology
Design Innovation (DI) Process
Lean Startup Methodology
Business Model Canvas (BMC)
Integrating Technology in Business Model Innovation
Practical Application: Developing and Pitching Innovative Business Models

Program Outline

9:00am – 9:30am: Welcome and Introduction
Ice-breaker activity, course overview, and the significance of business model innovation.

9:30am – 10:15am: Foundations of Business Model Innovation
Introduction to business models, DI Process, with examples like AirBnB, Uber.

10:15am – 10:30am: Tea Break

10:30am – 11:15am: Explore Lean Startup Methodology
Deep dive into Lean Startup principles for rapid product development and business growth.

11:15am – 12:00pm: Explore Design Innovation (DI) Process
Detailed exploration of the DI Process, emphasising user-centred innovation.

12:00pm – 1:00pm: Lunch Break

1:00pm – 1:45pm: Explore Business Model Canvas (BMC)
Comprehensive guide to utilising the BMC for business model design and innovation.

1:45pm – 2:30pm: Innovation Through Technology
Examination of how technologies like AI and blockchain are reshaping business models.

2:30pm – 2:45pm: Tea Break

2:45pm – 3:30pm: Developing Your Innovative Business Model
Group activity to brainstorm and develop pitches for innovative business models.

3:30pm – 4:45pm: Pitching Session
Presentation of group-developed business models, with a focus on DI Process, Lean Startup, or BMC.

4:45pm – 5:00pm: Course Wrap-Up and Reflection
Summary of key learnings, discussion on next steps, and feedback collection for course improvement.

This course promises an engaging and comprehensive journey through the landscape of business model innovation, tailored to empower participants with the skills and insights needed to thrive in the modern business world.

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)

SC Pro Chapter Member and SCA Trainee Member can apply for the Project Associate Program Training Grant worth ($100/day) which will be reimbursed upon completion of the course.

Training Dates

Each intake will close when we fully subscribe. We reserved the right to reject application or change the dates below.

  • 21 May 2024 (Limited seats left)
  • 14 Jun 2024
Training will be held at SCA Innovation Playground located at 2 Bukit Merah Central #15-03, Singapore 159835. Lunch will be provided.