Key Concepts: Digital Business Model Innovation

Everyone
  • 7 videos | 22m 13s
  • Includes Assessment
  • Earns a Badge
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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

  • Discover the key concepts covered in this course
    Recognize the benefits of reinventing business models for digital transformation
    Recognize the five archetypes of business model reinvention
    Identify key elements affecting business model innovation for digital transformation
  • Recognize actions organizations can take to evolve business models
    Recognize the importance of ai in reinventing business models
    Identify ways to sustain a new business model

IN THIS COURSE

  • 55s
    This video provides an introduction to the key concepts covered in the course. FREE ACCESS
  • 2m 11s
    With 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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    3.  Understanding How Business Models Get Reinvented
    3m 19s
    Business 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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    4.  Reinventing for Digital Transformation
    3m 59s
    Traditional 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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    5.  Shifting to a Digital Business Model
    2m 49s
    Switching 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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    6.  Use of AI in Reinventing Your Business Model
    4m 13s
    Artificial 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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    7.  Sustaining Business Model Reinvention
    4m 49s
    Proactive 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

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