Section outline

  • From Concept to Execution: Business Model Fundamentals

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    This training session took place on 12 March 2024

    This workshop offers a first introduction to Business modeling and allows exchanges on the proposed tools to be considered for fine-tuning your business model, including Q&As and some practical exercise. On the basis of this workshop, more specific follow-up activities will be provided and explained.

  • Learning objectives

    • Understand the principles and importance of circular economy concepts in the context of sustainable business practices.
    • Familiarize participants with the theory and fundamentals of circular business models, including the principles of reduce, reuse, recycle, and regenerate.
    • Introduce participants to the Canvas Business Model framework as a practical tool for designing circular business models.
    • Guide participants through the process of applying circular economy principles to develop their own innovative and sustainable business models.
    • Provide hands-on experience in using the Canvas Business Model to prototype and iterate circular business models for their specific ventures.
    • Foster collaboration and knowledge sharing among participants to enhance learning and creativity in circular business model development.

  • Agenda

     9:30 / Intro (5 min)

    Matteo Bocci (BRIDGE-BS) and Eleni Manousiadi (DOORS)

    9:35 / Business Models Theory (50 min)

    • Main elements of models
    • Circular Business Models
    • Q&A (20 mins)

    Lydia Papadaki (DOORS) and Martin Gurria (BRIDGE-BS)

    10:25 / Business Model Tools (50 min)

    • Presentation of the canvas
    • Presentation of some examples
    • Q&A (20 mins)

    Lydia Papadaki (DOORS) and Martin Gurria (BRIDGE-BS)

    11:15 / Exercise and presentation (50 min)

    Online example of some canvases
    (selected participants / volunteers)

    Martin Gurria (BRIDGE-BS) and Lydia Papadaki (DOORS)

    12:05 / Wrap-up and next steps (10 min)

    Eleni Manousiadi (DOORS) and Matteo Bocci (BRIDGE-BS)

    12:15 / Feedback from participants (15 min)     

    Moderated exchange with feedback on the workshop

  • Expected learning outcomes

    By the end of this training session, participants should be able to:

    • Explain the concept and benefits of circular economy thinking and its application to business models.
    • Identify opportunities for implementing circular strategies within their business operations and value chains.
    • Utilize the Canvas Business Model framework to map out key components of their circular business models, including value proposition, customer segments, revenue streams, and resource loops.
    • Analyze and evaluate the feasibility and potential impact of their circular business models in terms of economic, environmental, and social sustainability.
    • Iterate and refine their circular business models based on feedback, insights, and best practices shared during the training.
    • Demonstrate effective communication skills in presenting and pitching their circular business models to stakeholders, investors, and partners.  

  • Trainers and Moderators

    Lydia PapadakiLydia Papadaki - DOORS

    Lydia Papadaki is a PhD candidate at the Athens University of Economics and Business (Scholarship awarded by the Academy of Athens). She is a researcher at the Alliance of Excellence for Research and Innovation on Αephoria (AE4RIA) participating in several EU-funded projects. She received her M.Sc. in Economics and Policy of Energy and the Environment at University College London (UCL), and her BSc (Distinction) in Economic Theory and Policy at Athens University of Economics and Business (AUEB). Her main areas of interest are economics, innovation acceleration, behavioural economics, circular economy, blue growth, systems innovation, stakeholder engagement and sustainable development.

    Martin Gurria - BRIDGE-BS

    Matteo Bocci - BRIDGE-BS

    Eleni Manousiadi  - DOORS

  • Assignment: your Business Model Canvas

    As you embark on this assignment, you'll have the opportunity to apply the knowledge and insights gained from our training session.

    Objective

    The primary objective of this assignment is to familiarize yourselves with the Business Model Canvas framework. It's a powerful tool that helps entrepreneurs and business owners to visualize, analyze, and iterate upon their business models effectively.

    Assignment Overview

    Your task is to complete a Business Model Canvas template for your respective business ventures. This canvas will serve as a snapshot of your entire business model, encapsulating key elements such as customer segments, value propositions, revenue streams, and more. By completing this assignment, you'll gain clarity on various aspects of your business, identify potential areas for improvement, and lay down a solid foundation for future strategic decisions.

    Template and instructions
    • Download here the Business Model Canvas template
    • Fill in each section of the canvas with concise yet comprehensive information about your business.
    • Take your time to reflect on each element and ensure coherence and alignment across different components. Feel free to refer back to our training materials and reach out if you have any questions or need clarification on any aspect of the canvas.
    • We will review and discuss your completed canvases on March 27th.

    Remember, this assignment is not just about filling in boxes; it's about gaining deeper insights into your business model and laying the groundwork for future success. We're excited to see the innovative ideas and strategies you'll bring to the table!

    Need help?

    If you have any questions or need assistance along the way, don't hesitate to reach out. Best of luck, and happy canvasing!