Business is being disrupted by the advent of digital. Companies are racing to transform into digital businesses. Digital transformation requires leaders who think digital. The course teaches frameworks you can use to transform your company’s business model.
Digital transformation drives change in three areas: customer experience, operational processes, and business models. A Digital strategy is most relevant to changes in the business model and uses technology to create the capabilities a company needs to become a digital business.
Course Objectives
Frameworks to invent/reinvent business models for a digital world
Digital Customer Behaviors
Platform Business Models
Big Data and How to Build Data as a Strategic Asset
Innovation through Experimentation
Translating the Lean Start-up to Enterprise Scale Innovation
Mastering Disruptive Business Models
Target Audience
Business Leaders and Executives: CEOs, CTOs, CIOs, and other senior executives responsible for driving digital transformation within their organizations.
Managers and Department Heads: Managers from various functional areas (marketing, operations, IT, etc.) seeking to understand and implement digital strategies to enhance their department's performance.
Entrepreneurs and Start-up Founders: Individuals looking to establish or scale their digital businesses and gain insights into effective digital strategies.
Business Consultants and Analysts: Professionals advising organizations on digital transformation initiatives and seeking to expand their knowledge of digital strategies.
Innovation Managers: Individuals responsible for fostering innovation and driving digital initiatives within their organizations.
Course Outlines
Day 1: Introduction to Digital Strategies
Overview of Digital Transformation
Platform Play Strategy
New Marginal Supply in Digital Economy
Digitally Enabled Products and Services
Re-bundling and Customization Strategies
Digital Distribution Channels
Cost Efficiency through Digitalization
Day 2: Evaluating Digital Strategy Effectiveness
Why Some Digital Strategies Perform Better Than Others
Competitive Advantage in Digital Business Models
Strategic Use of Platforms and Ecosystems
Aligning Digital Strategy with Business Goals
Case-based understanding of successful digital strategies
Day 3: Customer Behavior & Digital Transformation
Customer Networks and Modern Purchase Journey
Understanding Digital Customer Behavior
Digital Customer Experience Transformation
Platform-Based Business Models
Disintermediation and Coopetition Concepts
Asymmetric Competition in Digital Markets
Day 4: Data, Innovation & Value Creation
Data as a Strategic Business Asset
Big Data Applications in Modern Organizations
Tools and Frameworks for Data Value Creation
Innovation through Experimentation (A/B Testing, MVPs)