We are at the very early stages of a new industrial revolution. Software is eating the world. The way we live and work is being fundamentally transformed by technology.
The business landscape is changing dramatically. New business models are emerging, enabled by technology, that are disrupting the old order. If you want to compete in this new world, you have to understand how to create a software-centric business model.
My name is Alexander Osterwalder, and I am doing research on innovation and business models at the Swiss Federal Institute of Technology, ETH Zurich. I have also co-founded Strategyzer, a tool for creating and testing business models. My research has helped me understand how to create software-centric business models and what tools and methods can be used to improve your chances of success.
This blog is about how to code your business model, with the ultimate goal of unlocking value through digital transformation.
Coding your business model is a new way of doing business. With this technique you can maximize the value of your product or service and avoid common mistakes that most entrepreneurs make.
This blog explains how to code your business model with examples from Google, Facebook, Twitter, LinkedIn and many others.
It is divided into two parts: The first one is about coding your business model for startups and the second one for corporations.
We will be updating regularly with new posts on how to do effective business models and also how to avoid mistakes that could kill your company.
In my last post I wrote about the importance of having a defined business model when starting a startup. It’s the only way to know what you are building and how you will get there.
Coding your business model is a simple process that I’ve developed over the past couple of years. It’s proven to be very valuable for me in understanding how to build my business model, and in communicating it to other people.
I used this process on my very first startup and continued using it for every startup I worked on since then, including HackFwd, which has been running for over three years now.
I hope it helps you as much as it helped me!
The following steps assume you have already written down your business model using the Business Model Canvas.
Step 1: Grab a piece of paper and a pen (or use your favorite drawing app). Draw one square per “block” of your business model canvas, plus one more square for the canvas itself. Make sure to give each square a name (e.g., “idea validated”, “product created”, etc.).
Like the technology behind it, business models are changing rapidly. The traditional way of drafting a business model on paper is not enough anymore. Decisions have to be made faster and more often, and the consequences of these decisions need to be analyzed before they are even implemented in the product.
In order to help you make better and faster decisions, we developed a code that allows you to test your business model at all times. Use our code to easily create, visualize, run and test your business model under different scenarios. We hope this code will help you develop a better understanding of your business model and allow you to adapt quickly when necessary.
Google launched the “Hashcode” contest this week. This is a new kind of programmming contest, where you solve real world problems and have fun with other users in a team. The competition lasts six hours, and you can compete from anywhere in the world.
The Hashcode contest was launched by Google to help developers learn new things. And it’s a great way to improve your programming skills.
The contest is for teams of two or more people, and there are several categories: Mobile, Web, AI, Game Development and Machine Learning. Your team will compete against other teams to solve the same problem in each category. There are prizes for the best solution in each category, but you can also win prizes if your team has the best solution overall.
When we got our assignment we were given two weeks
Enter your essay here:
The idea is to create a table with all possible combinations and then filter out the ones that do not apply.
For example, let’s say you have the following skills (with their respective years of experience):
+ Software Engineer (5)
+ QA Engineer (2)
+ Product Manager (3)
+ Mobile Developer (1)
+ Project Manager (1)
;The table would look like this: