
SFU-004 - Module 2 (Learning Objectives)
Springpod Team
Created on September 17, 2024
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Transcript
Learning Objectives
During this module we'll outline the key concepts you need to understand before starting the simulation. We'll also cover the goals you should aim to achieve, ensuring you're well-prepared for the tasks ahead.
Remembering
Understanding
Applying
Analysing
Evaluating
Creating
Detailed breakdown
Here's a breakdown of what's to come in the course.
Learning objectives
Remembering: Identify sources and steps for data collection. Understanding: Define the business question or objective.
Preparation Task
(10 minutes)
Remembering: Identify key components of the existing business model of the chosen company. Understanding: Define the concept and significance of business model innovation.
Preparation Task
(15 minutes)
Applying: Research on the chosen company, its business model, and current business environment. Analysing: Identify strengths and weaknesses of the existing business model and potential elements for innovation.
Research Task
(30 minutes)
Understanding: Learn about the market trends and competitive landscape. Evaluating: Assess the potential impact and feasibility of proposed innovations.
Analysis Task
(30 minutes)
Detailed breakdown
Here's a breakdown of what's to come in the course.
Learning objectives
Remembering: Identify sources and steps for data collection. Understanding: Define the business question or objective.
Preparation Task
(10 minutes)
Creating: Develop an innovative business model based on analysis. Explain how the new model can enhance performance and competitiveness.
Create Task
(45 minutes)
Creating: Compile findings, proposed business model, justifications, and expected outcomes in a document or a presentation. Share the work with a peer or mentor for feedback.
Document & Present
(20 minutes)
Evaluating: Reflect on the challenges faced, skills used, learning points, and potential real-world applications of these skills. Understanding: Highlight areas for improvement and future learning opportunities.
Reflection Task
(15 minutes)
Conclusion
By the end of this activity, you will gain a deep understanding of business model innovation and its significance in strategic planning. You would have honed your analysis, problem-solving, innovation, and strategic thinking skills, and learned to apply them in real-world context, aligned with the responsibilities of a business strategist.Now that you're all prepped, mark this section as complete and let's make a start on the simulation module!
Learning objectives
- Assess the feasibility and potential impacts of the proposed innovations to the business model.
- Evaluate how well the proposed business model aligns with the company's strategic goals, market situation, and customer needs.
- Identify the key components of the existing business model of the chosen company.
- Understand the concept of business model innovation and its importance in strategic planning.
- Identify the strengths and weaknesses of the existing business model.
- Analyse market trends, customer behaviour, and competitive landscape to pinpoint opportunities and threats.
- Explain how external factors like market trends, competition, technology, and customer preferences can drive business model innovation.
- Describe the considerations involved in choosing a specific business model.
- Develop a modified business model that incorporates the proposed innovations.
- Present the new business model, justify the changes made, and discuss how it could enhance the company's competitive advantage and business performance.
- Select a real-world company and analyse their existing business model.
- Use your understanding of the market and the company’s situation to identify areas of their business model that could be innovated.