DelftX: Business Model Testing

DelftX: Business Model Testing

by Delft University of Technology

Business Model Stress Testing

Offered by DelftX

Course Description

Welcome to the cutting-edge course on "Business Model Stress Testing" offered by DelftX! In today's rapidly changing world, the success of any business model hinges on its ability to adapt to evolving circumstances. This course is designed to equip you with the essential skills to future-proof your business model by identifying and addressing potential challenges and opportunities.

Throughout this engaging and practical course, you'll learn how to conduct a comprehensive stress test on your business model. You'll gain invaluable insights into identifying relevant trends and uncertainties that could impact your business, and understand how to leverage this knowledge to strengthen your business strategy. By analyzing real-world examples from well-known companies and interacting with fellow entrepreneurs, you'll develop a keen eye for spotting both the strengths and weaknesses in your business model.

What Students Will Learn

  • Identification of trends and uncertainties affecting business models
  • Evaluation of business model robustness in the face of external factors
  • Formulation of concrete actions to enhance business model resilience
  • Application of the PESTLE framework to analyze external factors
  • Development of scenario axes for stress testing
  • Creation of heat maps to visualize stress test results
  • Analysis of weak and strong points in a business model
  • Strategies for maintaining business model sustainability

Pre-requisites

  • Secondary school education
  • Basic understanding of business concepts
  • Practical business experience is beneficial but not mandatory

Course Content

  • Introduction to business model stress testing
  • PESTLE analysis (Political, Economic, Social, Technological, Legal, Environmental factors)
  • Distinguishing between trends and uncertainties
  • Identifying key stress factors and outcomes
  • Mapping stress factors onto business models
  • Conducting stress tests and creating heat maps
  • Analyzing business model strengths and weaknesses
  • Developing strategies for business model sustainability
  • Real-world case studies and examples

Who This Course Is For

  • Entrepreneurs and business owners
  • Business managers and executives
  • MBA students and business school graduates
  • Consultants and business advisors
  • Anyone interested in future-proofing their business or career

Real-World Applications

The skills acquired in this course have immediate real-world applications. Learners will be able to:

  • Conduct thorough analyses of their business environments
  • Anticipate potential challenges and opportunities for their businesses
  • Make data-driven decisions to improve their business models
  • Develop more resilient and adaptable business strategies
  • Enhance their competitive edge in rapidly changing markets
  • Communicate more effectively with stakeholders about business risks and opportunities
  • Apply strategic thinking to various business scenarios and industries

Syllabus

Week 1 & 2: My Business model in a dynamic context

  • Recap: structured description of a business model
  • Sources and drivers of change: politics, economy, society, technology, legal, ecology (PESTLE)
  • Trends vs uncertainties

Week 3 & 4: Selecting trends and uncertainties affecting my business model

  • What are my key stress factors and outcomes (scenario axis development)
  • Mapping stress factors on business model (facts and issues)

Week 5 & 6: Stress-testing my business model

  • Confronting BM with the stress factors
  • Create a heat map (stress testing)

Week 7 & 8: Improving my business model

  • Analyse the weak and strong points (will my BM be sustainable in the future)
  • What can I do to keep my BM sustainable? (formulating concrete actions)

By the end of this course, you'll be equipped with the tools and knowledge to stress test your own business model, ensuring its future success in an ever-changing business landscape. Don't miss this opportunity to transform your approach to business strategy and gain a competitive edge in your industry!

Similar Courses
Course Page   DelftX: Business Model Testing