Business Model Development – The Business Blueprint
About This Course
1. Examine business fundamentals such as value proposition, customer segments, distribution channels, revenue streams and cost structure to identify market trends as well as best practices.
2. Evaluate existing business models to align organization and business objectives.
3. Explore business opportunities based on insights from market trends and organization’s goals.
4. Illustrate techniques used to review business model innovation ideas and select feasible ideas based on defined criteria.
5. Examine risk and strategies to mitigate risks.
6. Develop strategies to drive application of unconventional methods to discover innovative solutions.
7. Implement and demonstrate project management techniques to lead in innovative projects.
8. Develop and apply metrics to evaluate and measure the success of the business model.
9. Develop appropriate strategies to scale up successful business model ideas.
What You'll Learn
The course focuses on several key learning outcomes. Participants will identify business fundamentals like value proposition, customer segments, distribution channels, revenue streams, and cost structures while staying informed about market trends and best practices. They'll also explore their current business models and align them with organizational and business goals, enabling them to pinpoint opportunities based on market insights and objectives. The course teaches techniques for reviewing and selecting innovative business model ideas, risk mitigation, unconventional methods, project management skills for innovation, and the application of metrics to evaluate business model success. Learners will also develop strategies to scale up successful business model ideas, ensuring they remain agile and competitive in Singapore's dynamic business environment.
Entry Requirements
● 21 years and above
● Possess minimally a Diploma and/or listen, speak, read, and write English at a proficiency level equivalent to Employability Skills System Workplace Literacy (WPL) Level 6. If learners do not have at least a Diploma, (a) Training Administrator will need to interview learners to ensure that they have a foundational understanding of the subject matter before enrolling in this more advanced course, to prevent learners from struggling with content that is beyond their current knowledge level; and/or (b) learners must possess at least 3 years of relevant working experience.
● Use numeracy skills equivalent to the Employability Skills System Workplace Numeracy (WPN) Level 6.
● Minimum 2 years of working experience.