Understanding Business Model Course

By OLC Administrator

Categories: Business, Management & Law, Entrepreneurship Department, Learning & Development Department

Get this course FREE when you enrol on any course with an OLC course code.

Course Overview

Embark on a transformative learning journey with the UK’s most innovative home study provider, offering courses designed to unlock your true potential and facilitate the career change you desire. Access our distance learning courses directly from anywhere, anytime, and acquire industry-recognised Professional Qualifications essential for advancing in your career.

Specifically, explore the flexible and convenient Understanding Business Model course, an ideal way to gain a diploma qualification. Whether you aim for further education, improved job prospects, or expanded knowledge, this comprehensive course allows you to prepare thoroughly for exams or careers through home study. Plus, it’s structured to be accessible and beneficial even if you have no prior knowledge in Understanding Business Model.

The Business Model Canvas serves as an indispensable tool in the realm of strategic management and lean startup methodologies, providing a holistic template for both developing new business models and documenting existing ones. Developed by Alexander Osterwalder in 2005, the canvas encapsulates nine essential “building blocks” that collectively outline a firm’s or product’s value proposition, infrastructure, customers, and financial structure. This course not only introduces the foundational concepts of the Business Model Canvas but also uniquely caters to startup founders lacking a formal background in accounting and finance, making it an accessible and practical resource for entrepreneurs at various stages of their ventures.

The core strength of the Business Model Canvas lies in its ability to offer a visual representation of critical business elements, fostering a comprehensive understanding of a company’s dynamics. The nine building blocks include key components such as customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure. By demystifying these components, the course equips entrepreneurs with the tools to align their business activities, make informed decisions, and articulate potential trade-offs within their business models.

A distinctive feature of this course is its focus on the intersection of business models and financial planning. Recognising the challenges faced by startup founders without formal financial backgrounds, the course seamlessly integrates the understanding of each business model component with its representation in the financial plan. This integration is crucial for startup success as it enables entrepreneurs to bridge the gap between strategic planning and financial execution, fostering a harmonious and sustainable business trajectory.

Course Key Topics

the Understanding Business Model course is divided into 4 modules.

1 . Introduction

Business Model Canvas – Brief Introduction
How does it begin and start
Problems Solving Opportunities

2 . Component of Business Model, Explaining Details

Customers and Value Proposition
Channels of Distribution and Customer Relationships
Revenue Streams and Key Resources
Key Activities, Partners, and Cost

3 . Case Study

Business Model of ALIBABA to explain different components
Business Model of IKEA Explained
A Practical Example to Demonstrate how different components work in a business model

4 . Basic of Business Plan

Business Plan Component – Executive Summary
Business Plan Component – Executive Summary-Key things
Market Sizing Concepts and Financial Model to Calculate Market Access
Marketing Sizing Method
Rest of Financial Model and B Plan

(Please click on the curriculum tab above to see a detailed view of each module)

Tutor Support

Our Understanding Business Model course is designed to provide you with comprehensive materials to guide you through your learning journey. You’ll have the support of your own personal tutor, who will be there to assist you with your coursework and answer any questions you may have. Furthermore, our Student Advisors are always available to provide you with practical advice and guidance via the online portal, email or phone, ensuring that you’re fully supported throughout your studies.

Course Assessments

The Understanding Business Model course at Open Learning College is designed to provide a comprehensive and flexible learning experience. Unlike traditional exam-based courses, our course is marked through a process of continuous assessment, which is guided by your personal tutor and is an un-regulated course awarded by the Open Learning College via the Open Pathway Accreditation programme (OPA.dip).

This means that you won’t have to worry about memorising information for a final exam. Instead, you will have the opportunity to learn at your own pace and apply your knowledge through practical assignments and quizzes at the end of each module. Our online platform allows you to access the course from anywhere and at any time.

Once your assignments have been verified and assessed, you will be awarded a certificate of achievement from Open Learning College. This certificate confirms that you have met all of the learning outcomes and assessment criteria for the Understanding Business Model course, and demonstrates your competency and knowledge in this field. With this qualification, you can advance your career or pursue further studies in the field of Understanding Business Model.

Course Duration

We recommend you spend approximately 2 hours of your time studying for Understanding Business Model course. The pace of study is completely up to you.

Get started today, and you can earn your Open Pathway Accreditation Diploma (OPA.dip) in Understanding Business Model.

Course Entry Requirements

At Open Learning College, we firmly believe that education should be accessible to everyone, regardless of their background or previous education experience. That’s why we’ve designed our Understanding Business Model course to be open to anyone who is interested in learning more about this fascinating subject, without any prior knowledge or experience required.

We want to give everyone the opportunity to expand their knowledge and take part in a highly rewarding online course, which is why we keep our entry requirements to a minimum. This means that you can start the course at any time and study at your own pace for up to 12 months from the date of initial registration, with the full support of a personal tutor.

Course Enrolment Fees

We want to make sure that you get the best value for your money, which is why we have included the registration fee, certification fee, and full tutor support in the course price. Enrolling in the Understanding Business Model course would usually cost £123.75, but for a limited time, you can get a 20% discount and pay only £99 if you enrol online and pay in full.

Note: Instalment plans are not available to our international students.

Course Qualifications

This course is certified by the Open Learning College via the Open Pathway Accreditation Programme.

You will receive the Open Pathway Accreditation Diploma (OPA.dip) from Open Learning College.

What’s Included

Your course fee covers everything you will need to successfully complete the Understanding Business Model online study course and earn your qualification:

A full range of student services, including:

All textbooks, study folders, and/or online learning aids designed for online learning
Life-time access to the online student portal Xperience™ (Student Chat, Forums and Online Support Resources)
Comprehensive Study Guide & Study Plan
PDF certificate to show employers (employer has access to certificate validation)
Life-time access to Career Hub our dedicated portal to support our students career aspirations.
Invitation to job fairs and career days for your business faculty.
A diploma from the Open Learning College from our Open Pathway Accreditation programme (OPA.dip).
One year’s educational support by a specialist tutor in your chosen course field.

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In the Understanding Business Model course, tailored to British English, participants will embark on a comprehensive learning journey to gain a profound understanding of foundational business principles.
This course provides essential insights into the design, analysis, and refinement of business models within the dynamic British business landscape.
Participants will explore the intricacies of strategic planning, learning to craft business models that align with market dynamics and innovation trends.
From identifying revenue streams to optimising cost structures, this course equips individuals with practical skills to navigate the complexities of entrepreneurship.
Whether you are a budding entrepreneur seeking to launch a new venture or an established business owner aiming to enhance your strategic acumen, this course provides the knowledge and tools necessary to navigate the British business ecosystem and build successful enterprises.

Career Hub - CLAZMA.COM

Career Hub

Register as a student and gain lifetime access to our comprehensive career hub, an all-in-one platform brimming with career and industry leading resources. Unleash your potential, impress employers, master essential business skills, and pave the way for your dream career.

At Open Learning College, we understand that achieving your desired career or role requires more than just a certification. That’s why our comprehensive Career Hub offers you unlimited lifetime access to a wealth of courses, PDF’s and tools, meticulously curated to empower your professional advancement. Developed and continually updated by industry leaders and career experts, the Career Hub provides you with trustworthy advice and resources on various career aspects, ensuring you have instant access to the guidance you need to succeed.

CV Builder: Craft a compelling CV customised to meet the specific needs and expectations of employers and recruiters.
Job Search Engine: Explore a vast collection of global job openings gathered from various job boards, companies, and agencies all in one place.
Career Planner: Map out and manage your career to-do list
Mock Interview Training Platform: Enhance your interview skills by practicing with a realistic mock interview and revising common interview questions.
Cover Letter Wizard: Effortlessly customise your cover letter for every job application
First Impression Generator: Enhance your networking skills and leave a lasting first impression

Enrol today and unlock your full potential to pave the way to career success.

Visit us at the Career Hub

Xperience™ - Student Hub

Xperience™

Xperience™ our student hub is a comprehensive online platform designed to enhance the learning experience and support students throughout their educational journey

We understand that studying from home can be an entirely new experience for you, and it’s okay to feel a little intimidated because it’s not the typical “classroom environment.” However, we want to assure you that you’re not alone, and we’re here to help you every step of the way. To ease your concerns, we’ve created a welcoming online student community where you can interact with your tutor and fellow students who share your interests.

As a student of Open Learning College, you’ll have exclusive access to our online student portal, Xperience™, which offers a wealth of resources to enhance your learning experience. You can connect with other students, explore our extensive resource library, and manage your account efficiently. Our comprehensive support system is committed to ensuring that you have the best possible learning experience throughout your journey.

You will be able to use Xperience™ to:

– Full access to the Metaverse and our student community.

– Access the student forum which allows you to share ideas and chat with other students.

– Access free online games, for when you need a break from studying.

– View the study guide with plenty of useful hints and tips on how to get the most out of your course.

– View your tutor’s feedback on your marked assignments.

– View optional reading lists for your course (where available).

– Access free courses such as: Improving Learning Skills, Job Interview Skills, The Effective Learner, Goal Setting and Time Management, Ten Tips to Complete a Good Test Paper and others.

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Online Learning Explained

Remote Learning Explained

Metaverse Learning

In this era of technological advancement, the way we learn has also evolved. Open Learning College introduces learning in the Metaverse, a concept that brings the learning experience right to your digital doorstep. With this innovative approach, you can create your avatar and visit your virtual campus and explore your chosen course from the comfort of your home, the coffee shop down the street, or even while relaxing at the park. Through cutting-edge platforms like V.O.I.C.E, we deliver course materials, tutor guidance, and engaging content online. This means you have the freedom to choose when and where you learn, all while staying connected with tutors and fellow learners.

Unleash the Power of ZOOM

Open Learning College offers dynamic learning through Zoom. With Zoom, you can join live interactive sessions, virtual classrooms, and connect with your instructors. Zoom provides the bridge to real-time discussions, making learning engaging and responsive. No need to be physically present; you can actively participate from anywhere with an internet connection. Zoom transforms your digital device into a window to knowledge, ensuring that learning is an accessible, collaborative, and exciting journey.

Virtual Classroom (LMS)

Our comprehensive Learner Management System empowers your learning experience. Designed for ease and accessibility, the LMS lets you access course materials and associated resources. With the LMS, you are in control of how you manage your learning journey. You can organize your study plan, access resources, and stay on top of your course. The LMS is the key to personalised learning, ensuring that you navigate your educational path with confidence and independence.

V.O.I.C.E.

Open Learning College’s approach empowers you to embrace remote learning like never before. Through our industry leading, innovative platform V.O.I.C.E we incorporate the Metaverse, Zoom for Education, and our incredible Learner Management System (LMS), you have the tools to create a learning experience tailored to your needs. The digital era has redefined education, making it more flexible, accessible, and engaging. With us, you can embark on your learning journey with the power of technology at your fingertips, whenever and wherever you want.

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FAQ's - Our most frequently asked questions

Got A Question?

How does distance learning work?

To ensure studying is flexible and convenient, most of our courses are divided into modules. You work through each module at your own pace and time. Once completed, submit the test, quiz, or assignment for marking. The support period is dependent on the type of course you choose; our minimum support period is one year.

When can I start the course?

The answer is simple, when YOU want; you can start the course at any time we do not have any set enrolment dates. Most of our courses don’t requireany previous experience or qualifications. All you need is a desire and motivation to succeed. You can even start right now – call and speak to one of our Course Advisors.

How long does the course take?

This is dependent upon your choice of course and how fast you want to learn. A full breakdown of the course is available in the course brochure or online. We do provide estimated number of study hours; ask our course advisors for details.

Do the courses have tutorial support?

Yes, you will be allocated a tutor who specialises in your chosen subject and will guide you through the course, mark your assignments and generally help you with any problems you may have.

If I fail an assignment can I retake it?

Yes, your tutor will ask you to resubmit your assignment and give you support as to where you could improve.

How do I get help with my course work?

You can get help by submitting a question to your tutor via the online portal and by submitting your assignments for marking. You must send your assignments one at a time so the tutor can mark one and give you feedback.

Will I get a qualification at the end?

Our courses provide you with a dual certification upon successful completion of the course. You will receive an Open Pathway Accreditation (OPA.dip) from our college. The second qualification will be awarded by the Ofqual awarding body for the course.

Will I have to sit an examination?

Most of our courses do not require you to sit examinations, only continual assessments. Where there are examinations required, you will receive all the information you need to make your own exam arrangements. Please note exam fees are not included in your course fee, unless otherwise stated.

Do I have to buy any other materials?

Our comprehensive course materials are designed to be self-contained with all the relevant information you require to complete the course and gain the relevant certification. However, some of our students undertake additional reading via relevant textbooks/study guides and/or the Internet to add value to their studies.

I’m not sure of what course I should take, Can you help?

Yes we can, it is important that you pursue a course which you will enjoy. Although we cannot make this decision for you, we employ a team of dedicated Professional Course Advisors, who will guide you towards making the right choice. Whether you want specific information, or just a chat about what’s available, contact us now.

Why choose Open Learning College?

The breadth and depth of our portfolio of courses means that we will have a course to interest you. We are committed to your success and offer advice and support through every step of the process. We have a dedicated team of Professional Course Advisors that can give you access to career and study advice,whilst offering you excellent value and quality courses.

Please contact us if you have not found the answer you are looking for.

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Hardware - Get a Tablet with your course preloaded

Get a tablet with your course pre-loaded

When you enrol with Open Learning College we can supply you with a Samsung Galaxy tablet (or equivalent) which is an excellent option for both work and play. Gone are the days when you need to rely on a desktop to get your work done. The best student tablets put power, portability and performance at the forefront of innovation and are sure to make student life a whole lot easier.

Is a tablet useful for students?

As a student, you are going to need a device that can work and play as hard as you do. Whether it’s note taking in lectures, researching, writing assignments or binge watching Netflix after a night out, a Samsung tablet has you covered.

A tablets offer the ideal balance between a smartphone and a traditional laptop. They are both highly portable; great when you are out and about and powerful so you don’t need to worry about running out of battery mid way through a class.

Plus, the Samsung Galaxy Tab series is S Pen compatible giving you even more creative freedom. Whether it’s writing directly onto the screen so you can take notes or drawing and designing projects to share with others, the S Pen for Galaxy Tabs gives you the power to go beyond the norm of basic touch interaction.

How can I use my tablet to study?

Bursting with awesome apps, a Samsung Galaxy Tab is the essential study companion. We’ve listed some of the ways your Galaxy Tab can help you study for assignments and ace your exams.

You can:

1. Your tablet will come pre-loaded with your course links, that are easily accessible from your desktop.

2. Complete assignments using much loved productivity apps including Google Docs and Microsoft Office

3. Edit documents effortlessly with the awesome S Pen for Galaxy Tabs

4. Collaborate with your peers using video conferencing apps such as Zoom and Microsoft Teams

5. Access class recordings to keep up-to-date remotely

6. Access the Metaverse to visit Xperience™ our Student Hub or to join a lecture for your course.

7. Juggle assignment deadlines with organiser apps such as myHomework

8. Take detailed lecture notes using Samsung Notes

9. Write, annotate and share group work using collaborative apps such as Google Docs

Can you use Zoom on a tablet?

Whether you’re working on a collaborative project or catching up with loved ones, you’ll be able to access Zoom on your Galaxy Tab. Zoom is available on the Google Play Store so you can stay connected wherever you go.

What are the best apps for studying?

With so many amazing apps available on Samsung tablets it can be hard to know where to begin when it comes to studying. Here are our top 5 free study apps to get you started (click on the app names to see more):

1. Samsung Notes: Write, draw and highlight in a variety of styles and colours during your lectures and meetings

2. Google Drive: Great for collaborative working whether it’s a word document, spreadsheet or formal presentation. Find your documents in Google Drive where they are saved to the free Google cloud service.

3. myHomework: A digital planner that enables you to track classes, assignments, exams and group projects so you’ll be sure never to forget a deadline

4. Microsoft Lens: Enables you to take pictures of whiteboards, blackboards, journals and other printed documents. The app will crop out everything around it and convert it into editable and shareable text.

5. RefMe: Getting to grips with source referencing in your essays can be a bit of a headache. RefMe makes the process of finding and citing sources quicker and easier. It also has thousands of educational resources which can be a great place to start your assignment research.

How to get your tablet?

At checkout when you enrol, you will be given the option to add your tablet and associated peripherals. A full description of the tablet, model, size and technical specifications will be listed.

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Technical Requirements

Minimum technical requirement for online courses

If your course is being delivered online, please ensure you meet the requirements below.

For Windows, the minimum requirements may include a Windows operating system (such as Windows 7, 8, or 10), a processor with a speed of at least 1.6 GHz, at least 2 GB of RAM, and a graphics card with at least 128 MB of memory.

For Mac, the minimum requirements may include an Apple operating system (such as OS X 10.11 or later), a processor with a speed of at least 1.6 GHz, at least 2 GB of RAM, and a graphics card with at least 128 MB of memory.

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Contact Us - I'm still not sure, can you help me?

Contact Us

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Enjoy the convenience of a 24/7 accessible resource — click on the chat icon at the bottom right of this page, ask her anything, try it out now and supercharge your learning experience!

Alternatively you can contact us using the details below.

Open Learning College
London Campus
124 City Road
London
EC1V 2NX

Tel: +44 (0) 844 357 7777
WhatsApp: +44 (0) 7521 454418
Email: [email protected]

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Course Content

Understanding Business Model – FREE Course Starter Pack

Student Welcome Video

01:41
A Message from our Academic Director

07:39
Student Welcome Guide (read before you start)

04:15
Student Prospectus

00:40

Module 1 – Introduction

Module 2 – Component of Business Model, Explaining Details

Module 3 – Case Study

Module 4 – Basic of Business Plan

Course Resources

Final Exam

Student Ratings & Reviews

5.0/5Out of 5

1 Review

5 Star

100%

4 Star

3 Star

2 Star

1 Star

Ahmed Kamel

05 March, 2024

5.0

The Understanding Business Model course is a fantastic resource for anyone venturing into entrepreneurship. The breakdown of the Business Model Canvas is thorough and user-friendly. It's particularly helpful for startup founders without a finance background, like myself. The integration of business models with financial planning is a brilliant approach, offering a practical understanding of strategic decisions. The case studies add a real-world perspective, making the concepts more relatable. This course is a must for its clear and comprehensive exploration of business model fundamentals.
Ethan Clark

College Announcements

🏢 Unlock the Business World: Understanding Business Model Course with £50 OFF! 🌐💰

Ready to delve into the intricacies of business models?
For a limited time, seize the opportunity to enrol in our Understanding Business Model course with an exclusive £50 discount!

Use code BUSINESS50 at checkout before the month concludes!

🌟 Why Choose Our Business Model Course
Presented by Open Learning College, this course is your key to understanding and creating successful business models. Dive into comprehensive modules covering essential topics—from identifying revenue streams to crafting a sustainable business plan. Gain insights and skills crucial for navigating the complexities of business modelling.

💡 What Makes Our Course Shine
Expert Guidance: Benefit from experienced tutors providing support throughout your learning journey.
Real-World Skills: Acquire practical knowledge crucial for success in business strategy.
Flexible Learning: Tailor your studies to your schedule with 24/7 access to course materials.

Don't miss this chance to unlock the secrets of business modelling at a discounted rate! Enrol now, use code BUSINESS50* at checkout, and embark on your journey towards becoming a skilled business strategist. 💰🏢🎓

*This discount code cannot be used in conjunction with any other offer.

Sophie T.

The Understanding Business Model course is an absolute gem! The way it breaks down the Business Model Canvas is incredibly insightful and practical. It’s an excellent resource for startup founders like me who lack a formal background in finance. The integration of business models and financial planning is a game-changer, providing a holistic understanding. The case studies on Alibaba and IKEA bring the concepts to life. This course is a must for entrepreneurs at any stage, offering valuable tools for strategic decision-making. Highly recommended for its clarity and applicability.
Oliver H.

This course on Understanding Business Model exceeded my expectations. The step-by-step explanation of the Business Model Canvas and its components is thorough and easy to follow. I appreciate the focus on startup founders without a finance background, making it accessible for various entrepreneurs. The case studies provide real-world examples, enhancing the practicality of the course. The integration of business models with financial planning is genius, bridgi

ng a crucial gap. Kudos to the course for its clarity, relevance, and effectiveness in conveying complex concepts.
Isabella T.

As an aspiring entrepreneur, the Understanding Business Model course has been a game-changer for me. The way it simplifies the Business Model Canvas is commendable. The course caters to those without a finance background, making it inclusive and practical. The case studies provide a deep understanding of how the components work in real businesses like Alibaba and IKEA. The focus on the intersection of business models and financial planning is a standout feature, providing a comprehensive approach. Highly recommend this course for its clarity and applicability.

20% OFF* All Courses this month...

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