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Regular version of the site

Innovative Business Models

2022/2023
Academic Year
ENG
Instruction in English
4
ECTS credits
Course type:
Elective course
When:
4 year, 1 module

Instructor

Course Syllabus

Abstract

This course is designed to familiarise students with a notion of business model as a concept and as a managerial tool which can be used for both analytical (analysis of existing business) and design (development of a new business) purposes. Marketing as a business function plays a quintessential role in both cases as strategic marketing is responsible for integration of customer, competitor, and company perspectives (market orientation) providing essential insights into business modelling process. Students will learn how to use a business model framework for a holistic analysis of any organisation with a goal to evaluate and refine existing value proposition, positioning, and go-to-market strategy. Also students will develop agency capabilities and skills required to act both as entrepreneurs and intrapreneurs. Teaching methods include both lectures and practical sessions. The lectures are designed to present relevant theoretical concepts illustrated with cases. The practical sessions will be held in groups and will be focused on case studies (case method teaching approach) providing a context in which students would be able to apply the concepts and the tools covered during the lectures via group and individual work.
Learning Objectives

Learning Objectives

  • To familiarise students with a notion of business model as a concept and as a managerial tool which can be used for both analytical (analysis of existing business) and design (development of a new business) purposes.
Expected Learning Outcomes

Expected Learning Outcomes

  • Understands a concept of a business model, knows main theoretical research streams in business models studies and can list main building blocks of a business model.
  • Knows examples of typical business models patterns, can list advantages and disadvantages of each pattern, can determine which business model pattern to choose under various contextual circumstances.
  • Knows business models innovation strategies, can apply the such strategies in designing business models from scratch, can apply such strategies to amend existing business models
  • Can use the following business models frameworks as analytical and design tools: Business Model Canvas (A. Osterwalder). Business model navigator (O. Gassmann). 4W approach (Girotra K.)
Course Contents

Course Contents

  • Theoretical foundations of business models
  • Frameworks for business model analysis and design
  • Classifications of business model patterns
  • Overview of business model patterns
  • Managing business models
Assessment Elements

Assessment Elements

  • blocking Exam
  • non-blocking Collaborative work on Perusall
  • non-blocking Tests
  • non-blocking Group Presentation
    - There is no rigid structure for your presentation. However, certain topics are required to be covered. - Please give an overview of the BM pattern, any history behind it’s popularity and development over time. You can mention companies or brands which pioneered the pattern and developed it to the next level. - Provide some analysis on the BM pattern — pros and cons, when to employ etc. - Illustrate the pattern with the help of examples. If possible use your own examples. Also would be great if you coould look at russian companies. Here you might want to employ the Business model canvas (BMC) to demonstrate the interdependancies within the BM blocks on the example of a specific company. Some BM patterns can be easily analysed with the help of BMC, some are more challenging to think about using that framework. So use your best judgement. - BM patterns as they are conceptualised by Gassmann et al. are essentially approaches to do business so don’t expect that you would be able to talk about all 9 blocks of BMC presenting your pattern. Some BM patterns are focused on ways how companies obtain revenue, some are about ways to design and position yourself in freames of the value chain, some are about innovative ways to define value proposition, and some offer avenues to grow the business. - The main goal for your presntation is to familiarise your groupmates with the BM pattern and prepare the materials which will be used by the group in prepartion for the exam. So please make your slides content rich or provide links to the sources.
  • non-blocking Extra assignments
Interim Assessment

Interim Assessment

  • 2022/2023 1st module
    "Exam" (max 100) * 0,4 + "Collaborative work on Perusal" (max 100) * 0,2 + "Tests" * 0,2 + "Group presentation" (max 100) * 0,2 + "Extra assignments" (max 10)
Bibliography

Bibliography

Recommended Core Bibliography

  • A business model for entrepreneurship, Verstraete, T., 2011
  • Guide to business modelling, Tennent, J., 2005

Recommended Additional Bibliography

  • Business model generation : a handbook for visionaries, game changers, and challengers, Osterwalder, A., 2010
  • Evolving business models : how CEOs transform traditional companies, , 2017