Business Model Innovation (Classroom and Asynchronous E-learning)
About This Course
Knowledge
K1 Market trends and practices
K2 Current business models
K3 Latest technologies or techniques to review business model innovation ideas
K4 Business fundamentals
K5 Organisational goals
K6 Business goals
K7 Project management
K8 Metric design
K9 Best practices in business modelling
Abilities
A1 Explore business opportunities identified from key insights on market trends, consumer preferences and the organisation’s competitive position
A2 Define criteria for selecting feasible business model innovation ideas
A3 Select feasible ideas for innovation pilot projects based on defined criteria
A4 Oversee the execution of approved business model innovation pilot projects
A5 Develop metrics for measuring the success of business model innovation pilot projects
A6 Select successful business model innovation pilot projects to scale up based on developed metrics
A7 Formulate strategies to scale up successful business model innovation pilot projects
A8 Guide risk taking and understanding of failures to mitigate risks
A9 Drive the application of unconventional methods and thinking for the discovery of innovative solutions
What You'll Learn
Identify and capitalise on untapped areas of business opportunity by proposing and instituting innovative changes to existing business models
Entry Requirements
Age Requirements
• 25 years to 70 years old
Academic Requirements:
• Minimum GCE ‘O’ Level
Literacy Requirements:
• GCE ‘O’ Level English of B4 grade
• Workplace Literacy (Advanced Level) Level 4-5
Industry/Working Experiences:
• Have a comprehensive understanding of the organisation’s vision, mission, values and business goals
• Have 5 years of managerial experience in a service-related capacity