Reinventing and Rethinking Business Models

Skillsoft issued completion badges are earned based on viewing the percentage required or receiving a passing score when assessment is required. In an era where digital advancements are reshaping industries at an unprecedented pace, organizations must rethink their traditional business models to maintain a competitive edge. In this course, you'll learn about the importance of business model innovation in the context of digital transformation, and how to assess your current business models. You'll also learn about the key characteristics that differentiate digital models from traditional ones. You'll explore the strategies for fostering innovation and various archetypes for business model reinvention. You'll discover the ways to enable and manage business model transformation, including overcoming common barriers and applying change management principles. You'll also learn about the creation and implementation of digital platforms that enhance customer engagement and operational efficiency, as well as strategies for sustaining newly implemented business models over time.