Digitalization and Transformation of Business Models

Teachers

Included in study programs

Teaching results

Students will possess following abilities:
- understand current trends in digitization, the potential of digitization, assess the opportunities and risks arising from it, perceive digitization as a challenge for the growth of international societies, perceive the importance of the legislative environment for digital business,
- study business models, realize the global framework of possibilities to create, capture and share value for the customer through digital technologies, artificial intelligence, understand digital transformation, understand the related processes in creating digital business model.
Students will obtain following skills:
- critically perceive trends in digitization, effectively evaluate opportunities and risks, understand the evolutionary nature of digitization,
- the ability to assess the digital readiness and maturity of society, to decide to change the existing business model and to create an innovative digital business model in an international environment,
- integrate digital tools and systems into the corporate culture and processes of international society in the context of digital transformation,
- develop new digital products and services for the global market and be able to sell them locally and address their competitiveness.
Students will gain following competences:
- think in the dimensions of international business logic in creating digital business models and added value for customers and perceive the ethical, legal, economic, environmental and social impacts that come with the use of a wealth of data and sophisticated analysis,
- identify the problem, simply name it, propose a creative conceptual solution for the transformation of the business model based on a comprehensive case study case study,
- discuss, correctly and factually argue, defend and present their opinion in a discussion with the teacher and colleagues in the study group.

Indicative content

Digitization as a challenge for international business. Digital technologies and changing the logic of creating value for the customer. Standard business models and their transformation into digital business models. A methodical approach to understanding what digitization can cause in the current business model of international society.

Support literature

HAGUE, Paul. The Business Models Handbook: Templates, Theory and Case Studies. London: Kogan Page, 2019. ISBN-13: 978-0749497521.
LINZ Carsten et al. Radical Business Model Transformation: How Leading Organizations Have Successfully Adapted to Disruption. London: Kogan Page. 2020. ISBN-13: 978-1789661996.
MATZLER, Kurt et al. Digitálna disrupcia. Bratislava: Slovenská inovačná a energetická agentúra, 2018. ISBN: 9788088823674, časť 2.
VAZ, Nigel. Digital Business Transformation: How Established Companies Sustain Competitive Advantage From Now to Next. New York: John Wiley & Sons Inc, 2021. ISBN-13: 978-1119758679.
VEBER, Jaromír a kol. Digitalizace ekonomiky a společnosti: Výhody, rizika, příležitosti. 1. Praha: Management Press, 2018. ISBN 9788072615544.

Syllabus

1. Definition of the concept of digitization, technology, opportunities and risks for companies, new competition. Digital market: global digital products and services, growth, trends. 2. Digital and analytical maturity of companies. Data as business value. 3. Digitization and transformation: concept, levels, challenges for companies. 4. Concepts of traditional business models. 5. Tools for business model design. 6. Approaches to value creation: value chain, network, business. 7. Innovations in business models for international markets. 8. Digital business models: classification, characteristics. 9. Value Proposition transformation in digital business models. 10. Digitization and internationalization in business models. 11. Sustainability pillars in digital business models. 12. Case study: Tesla. 13. Case Study: Netflix.

Requirements to complete the course

20% participation in seminars
10% individual and group assignments
10% project
60 % combined final exam

Student workload

Total: study load 4 credits x 26 h = 104 hours
Separate study load for individual educational activities:
Active attendance at seminars: 26 hours
Preparation for seminars: 26 hours
Project: 12 hours
Preparation for the final exam: 40 hours

Language whose command is required to complete the course

Slovak, English

Date of approval: 09.02.2023

Date of the latest change: 30.03.2023