WORKSHOP ON BUSINESS MODEL CANVAS | Day-11 | Session- 2 | MBA in Business Analytics Bangalore

Posted by Dr. Anil kumar On 01/08/2022 06:59:28

On the 11th Day of the MOM programme for 2022 batch students, the "Business Model Canvas Workshop" was conducted by Dr. Anilkumar. The motive behind the Business Model Canvas Workshop is to impart skills in the area of entrepreneurship. This skill is helpful in analyzing business ideas.

Business Model Canvas Workshop has been designed to convey entrepreneurial skills to post-graduate students and to turn interested students into entrepreneurs in the next two years. One can also get a patent from their project. Business models are vital to establishing new innovative items or strengthening current enterprises. This one-day immersive training and learning experience covered the fundamentals of generating business models utilizing the business model canvas developed by Strategyzer and based on the blockbuster book Business Model Generation by Alexander Osterwalder. MBA in Business Analytics Bangalore

This is a hands-on training programme delivered by utilizing participants' own ideas or services as well as using case studies from major firms like Apple, Amazon, Tesla, Google, Nestle, Uber, LinkedIn, and others.  At the end of the training, students gave presentations. The activity was team-based, hence it was a lot of fun and amazing experiential learning for participants. AICTE approved in Bangalore

Key Learnings: • Developing outstanding value propositions • Determining important client market segments • Gaining an understanding of our customers' tasks, pains, and gains • Determining the best customer channel for our product and industry • Maintaining an appropriate level of interaction with our customers • Outlining the necessary resources and activities to support our business model. Examining the benefits and drawbacks of alternative collaboration opportunities.  Using different cost structures  • Considering potential revenue models • Validating our business strategy • Examining the benefits and drawbacks of various collaboration opportunities • Using various cost structures • Examining possible revenue models • Putting our business strategy to the test.

The session was received by students with utmost enthusiasm and participation. Students learned how to represent their product in the market, how it differs from conventional products, what the market requirements are, and what resources are available in the market by participating in this exercise.


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