Business Model Innovation

Does your company have a product, service, or idea that could benefit from a new business model? In the course Business Model Development, students collaborate with real companies to generate creative ideas for how value can be created, delivered, and captured in new ways.

The course is particularly suitable for start-ups, small and growing companies, and organisations looking for inspiration rather than a detailed business analysis. Students apply established business model frameworks and innovation methods to develop alternative business model concepts and explore new opportunities for future growth.

Expected Results

By participating, companies receive:

• multiple creative business model ideas
• new perspectives on how value can be created, delivered, and captured
• inspiration regarding digital, circular, service-based, platform, or other innovative business models
• closer collaboration with Luleå University of Technology
• opportunities to connect with future graduates.

The focus is on creative business model development.

Implementation

Students work in teams with one company throughout the project. The company introduces its business, product, or development challenge, after which students apply the Business Model Canvas and other recognised business model tools to develop several alternative business model concepts.

The project includes feedback throughout the course and concludes with a written report and an oral presentation where student teams present their most promising business model ideas.

Commitment

The company is expected to:

• introduce its business and the idea or opportunity that students will work on
• appoint a contact person
• answer questions during the project
• preferably attend the final presentations and provide feedback.

A detailed problem statement is not required. Instead, companies should be open to exploring new ideas and alternative business model concepts together with the students.

Examples

Examples of suitable projects include:

• business model development for a start-up
• new revenue models
• digital business models
• circular business models
• servitization
• platform business models
• reaching new customer segments
• developing new value propositions.

• Syllabus for E0008N
• Course Syllabus for E7013N

Express Interest

• Register your interest here