Introduction
This resource helps learners understand the meaning of ‘business model’, explore simple examples of what information a business model might typically contain, and understand its purpose and importance.
They consider how the business model establishes the basic principles of why the business exists, tests the founders’ assumptions, and acts as a top-level guide for its development and growth.
What's in this resource?
This resource consists of:
- An overview video which can be watched on its own or shown in part to the class to support the lessons. Use the chapters to navigate along the video.
- A student resource which contains key information related to the subject, diagrams, questions and a case study.
- A teacher guide with advise about how to deliver the subjects and suggestions for classroom activities.
Suggested learning outcomes
Learners will be able to:
- describe the purpose of a business model and what it includes
- explain the importance of vision and values in an innovation-driven enterprise
- list some revenue models and suggest how each one creates customer value.
Topics covered
- Enterprise
- Skills for employability, teamworking, and project management
- Commercial principles in engineering.