Business model innovation is the new strategic imperative by now, this is becoming more generally acknowledged. But companies routinely fail at self-reinvention because they are so busy pedaling the bicycle of their current business models they leave no time, attention, or resources to design, prototype, and test new ones. A business model is not a business plan and a business plan is not a business model. Your business plan documents how you will execute your business model. Your business model is your proprietary methodology used to acquire service and retain your customers.
A business model describes the rationale of how an organization creates, delivers, and captures value.
In the Busines model canvas explain by the Business Model Generation there is 9 building blocks that form a business model. Those 9 building blocks are Customer Segments, Value Proposition, Channels, Customer Relationship, Revenue Streams, Key Resources, Key Activities, Key Partnerships dan Cost Structure.
Business Model Competition is divided into 2 categories for you to join:
- Business Model Competition Kategori Internasional
- Business Model Competition Kategori Nasional
- 1st Place
- 2nd Place
- 3rd Place
- 4th dan 5th Place
* Total cash reward $6000
Terms and Condition of The Business Model Competition:
- Every participant of the business model competition, may form a team consist a maximum of 5 members in a team (from undergraduate of graduate students from both domestic and regional ASEAN University).
- For those who are paricipating in the International Business Model Competition Category submit the business model in English. As for the National Business Model Compeititon Category submit their business model in the Indonesian.
- The Business models which you submit is the original work of your team and developed by each members of a team. The members of the team may consist of the owner (and founder or co-founder) and the manager (management role) according agreement of each member of a team.
- A team is allowed to get a professional mentor from any lecturer and other professionals who know about business models and business startup as an advisory member of the team.
- Participant of the business model competition can register their can be done at the initial participants www.espriex.com website with lists of data teams participating business model competition.
- All participants of the Business Model Competition retains the copyright on business models in which they submit through espriex.
- The decision of the jury and the organizing committee is final.
- We are releasing aguide the business model competition that we hold relating to peniliain criteria, stage of competition, the collection of business rules model can be downloaded here. (download link information package)
more information : http://www.espriex.com/en/business-model-competition/about-competition