Innovating Business Models in the Digital Age
by Josiah Go and RG Gabunada
In today's rapidly evolving digital landscape, the need for businesses to adapt and innovate their models has never been more urgent. "Innovating Business Models in the Digital Age" is designed to equip business leaders, strategists, and innovators with the frameworks, tools, and insights necessary to navigate this complex environment.
By leveraging the combined expertise of Josiah Go and RG Gabunada, this seminar will explore the transformative power of business model innovation, offering practical strategies and real-world examples that will inspire and challenge you to rethink how your business operates and thrives in the digital era.
Key Objectives for the Company
Empower Strategic Innovation: Equip participants with frameworks, tools, and cases to design and redesign business models that drive sustainable growth and competitive advantage.
Enhance Market Adaptability: Foster a culture of agility by providing insights into how to adapt business models in response to market shifts, customer needs, and the entrance of competitors.
Promote Collaborative Success: Encourage the adoption of strategic partnerships and value chain redesigns that enhance customer satisfaction and operational efficiency.
Key Objectives for Participants
Master Business Model
Design Thinking: Gain a deep understanding of the fundamental components of business models and learn how to design and redesign them to meet the challenges of new market situations and customer needs.
Apply Lessons from Global Leaders: Learn from the successes and failures of leading companies across various industries, with a particular focus on digital maturity and AI integration, to apply these lessons to your business context.
Mitigate Risks: Develop the skills to identify, assess, and manage the risks inherent in business model innovation, ensuring the long-term sustainability of your business initiatives.
Key Topics to Cover:
click each session for details
What is a Digital Business Model and Why is it Important?
Business Model Design Tools
Designing for a New Business: Case of New Entrant
Redesigning for an Established Company: Case of Strategic Renewal
2 Types of Capabilities and How they can Create Competitive Advantage
Understand Good and Bad Value Chain in Business Model Design
Designing to Counter Barriers to Purchase
Designing your MOAT
Lessons from Successful Business Models
3 Tests of Business Model Soundness
How Business Model Impacts Firm's Performance
Case examples of platform, e-commerce, EV, go-to-market
Exercise: Strategic Reflection
Q&A
Business model archetypes
Cases and lessons
o Redesigning an Existing Business Model Innovation
o Designing Your Value Chain for Competitive Advantage
o Unbundling Your Existing B2B Business Model
o Applying a Successful Business Model from Another Industry
o Designing for Crowdsourcing
o Designing a Product – Market Fit for Mass Market Commuters
o Redesigning Governance System to Mitigate Risk
o Case examples from entertainment, insurance car rental, silicone rubber, hotel, fashion, supermarket
Collaborating with Strategic Partners
o Choosing Strategic Partners
o Designing for Superior Customer Experience
o Case examples from shoes, electronics, ride-hailing, music
Business Model as the 4th Level of Differentiation
How to Counter Scale Advantage Digitally
Exercise
Q&A
Why 70-80% of China’s Unicorns are Digital? (Even higher than the US and Europe)
Cases and Lessons.
o Designing Large-scale Scale Operations with Subcontractors in the Value Chaino Designing a Business Model for a New Category
o Designing for First to Succeed (not First to Market)
How to beat the first-to-market
How first-to-market can fail
o Competing on Ecosystem in Your Operations
o Designing to Maximize Value From Co-opetition
o Designing to Reduce Cost Strategically
o Case examples from apparel, drones, mobility, financial services, tech, online medical consultation.
Exercise.
Q&A.
Identifying, Assessing, Mitigating, And Managing Business Model Risks
o Spotting 11 Business Model Risks
o Understand the Desired Outcome In Each Building Block of a Business Model
Cases and Lessons: The Risk of Not Thinking Differently, Not Validating and Not Mitigating Risk
o Designing to Challenge Assumptions for Social Progress
o Designing to Avoid the Law of Foolish Fellowship
o Designing to leapfrog from no. 3 to no. 1
Why Humans are not Pre-Occupied with Failure
o Understanding the Human Factors
Pitfalls in each Building Block of Business Models
o Case examples from FMCG, photography, eCommerce, glasses, microlending, phone, entertainment, music, communication, apparel, skincare, games, airlines, ride hailing, social media, discounter, software, delivery, toys, banking, software, design, search engine, watch.
Exercise
Q&A
Presentation
Consultation and critique
Q&A
Schedule
October 21, 22, 23, 25 & 29, 2024
2:00 PM to 5:00PM
Who Should Attend
Ideally suited for individuals and teams from various professional backgrounds who are seeking to innovate and revitalize their approach to business strategy. This includes CEO, COO, Business Unit Head, Board of Directors, Entrepreneurs, CFO, CMO, Chief Innovation Officer, Chief Digital Officer, and Chief Strategy Officer.
Josiah Go
Chairman and Chief Innovation Strategist
Chairman and Chief Innovation Strategist of Mansmith and Fielders, Inc.
Independent Director of Union Bank of the Philippines
A thought leader with 18 bestselling and record-breaking marketing and entrepreneurship books
The most awarded business educator of the Philippines (Ten Outstanding Young Men (TOYM) of the Philippines in 2001, Ten Outstanding Young Persons (TOYP) of the World (USA), Lifetime Achievement Awardees, Brand Leadership Award (India), Who’s Who of Intellectuals (England).
An Executive Scholar of the Kellogg Business School (in Marketing and Sales Management) as well as the MIT Sloan (in Strategy and Innovation).
Took advance marketing programs at Harvard, Wharton and at the London Business School.
Pioneer Blue Ocean Strategy practitioner
Rg Gabunada
Chief Marketing Officer
Chief Marketing Officer of Mansmith and Fielders, Inc.
Chairman, 4th Mansmith Innovation Awards.
Partner, LouderPH.
Co-author of Marketing for Beginners, best-selling business book of 2023.
Former President, Markprof Foundation.
Took specialized innovation course at Harvard.
Facilitates the following courses: Game-Changing Strategies, Innovating Business Models in the Digital Age, Market-Driving Strategies, and Strategic Thrift.