Dynamic Business Models for Dealing with Competition

In the latest webinar of the System Dynamics for Business Innovation special series, Kim Warren delved into Dynamic Business Models for Dealing with Competition. This session, rich in practical advice and strategic insights, is pivotal for professionals seeking to sharpen their competitive edge. Here’s a breakdown of the webinar’s key points.

Key Takeaways from the Webinar:

1. Understanding Competitive Dynamics: The session focused on the use of dynamic business models to navigate competitive business environments. Warren highlighted the importance of understanding how competition plays out in real-time and the impacts on prices, marketing spending, and profits.
2. Case Studies and Applications: Warren used two illustrative case studies to demonstrate the practical application of these models. He discussed GSK’s travel vaccines business and its response to a new competitor, and Beyond Meat’s strategy in creating a market for non-meat products. Both cases highlighted the strategic challenges and responses in dynamic competitive environments.
3. Types of Competition: Warren outlined three standard competition mechanisms, covering most competitive scenarios. These include racing to capture new potential customers, maintaining existing customers while attracting competitors’ customers, and handling situations where customers can switch between suppliers.
4. Practical Strategy Development: The session also touched upon practical aspects of strategic planning, like leveraging dynamic models for both long-term strategy and short-term operational decision-making.

Invitation for Further Learning

This webinar is a must-watch for those interested in refining their competitive strategies and understanding the application of dynamic business models. Viewing the recording will provide a deeper insight into the discussed concepts.

Furthermore, the series will continue to offer rich content on strategic business areas such as IT systems architecture and environmental impact reporting. These upcoming sessions represent a unique opportunity to gain advanced knowledge and skills in the field.

Join us for the upcoming webinars to deepen your understanding of dynamic business models and their critical role in shaping successful competitive strategies

Certificate

Attendees who participate in at least 6 out of the 9 webinars in the series will be eligible to receive a certificate titled “Introduction to Dynamic Business Models.” This is an opportunity to gain recognition of your learning in this innovative field. For those who cannot attend live sessions, recordings will be available, allowing you to review the material and complete the series at your convenience.

Watch the recording to get your certificate code.

Watch the recording below

About the Speaker

Kim Warren is an experienced strategy professional, teacher, and publisher of online courses and teaching resources on business modeling – fast becoming a mainstream capability for executives, consultants, and business students. He was awarded the Jay Wright Forrester Award by the International System Dynamics Society in 2005 and was the Society’s President in 2013.

Resoures:

Slides

Mini Course on How to Model Competition

Full Course on How to Model Competion