Before you start your small business, you need to create a business model – your roadmap for small business success.  A business model is not a business plan.  You can’t even begin to write a business plan until you’ve created a “blueprint” for your success with a business model.

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Many has been proved that the innovation of business model innovation become the solution of continuously changing business landscape and increasing competition, particularly in the innovation of new products or processes that are time-consuming and require huge investment to begin with, although it has been proven that it could help a company outpace competition.

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Business model innovation is a valuable transformation within structure of costs and/or revenues from diversifying to a new resource, developing a new source of revenue, externalizing a value chain activity, designing a modified or new activity system, relies on recombining the existing resources of a firm and its partners to discover an entirely different business model. There are many types of business model in the world which already successful and can inspire us to innovate a new one. By having this class, you will learn how to innovate a business model in an effective way.