Rethinking the business model to enable digital transformation

Important to know:
The course video is English with Romanian subtitles and test questions are in Romanian.

Overview In order to keep up with the ever-changing digital ecosystem, organizations cannot afford to stand still. It is vital that a company continues to evaluate its business model as part of its innovation strategy. In this course, you’ll explore how innovation in business models can benefit your business and help you capitalize on tomorrow’s opportunities. You will also learn the importance of rethinking your business model and the steps you need to take to evaluate, innovate and develop it. You will also learn about emerging new business models and the core competencies needed to compete in the digitally transformed markets. Objectives • Recognize why it is important to rethink your business model to ensure applicable digital transformation • Identify the steps you can take when evaluating the impact of your organization’s current business model to stay competitive in the digital world • Recognize key business model characteristics • Recognize the actions you can take to develop your current business model instead of changing it completely • Recognize how to encourage innovation in a digital business model • Identify key competencies needed to maintain a competitive advantage in digitally transformed markets