Business Models and Value Creation is a response to the significant disruption occurring in the economy due to changes in organisations and the emergence of new industries that are based upon innovative and entirely different models of business. The objectives of this unit are therefore to equip students with relevant knowledge and skills that will enable them to thrive in this turbulent, uncertain, but exciting environment, which will require a different perspective on organisations and business to survive. Students will learn to adopt a design-thinking approach to the analysis and creation of business models that centralise the objective of how to create value for customers. After completing Business Models and Value Creation, students will be able to navigate the shifting international business landscape.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Assess the different building blocks that constitute a business model;
2. Analyse real world businesses according to patterns in how they create value;
3. Utilise design thinking to create a unique model for an business or organisation; and
4. Strategically evaluate business models.

Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - take pride in their professional and personal integrity
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - evaluate and adopt new technology

Prerequisites

11184 Service Management

Corequisites

None.

Incompatible units

None.

Equivalent units

None.

Assumed knowledge

None.