49-854 Business Models & Strategy

6 units, Carnegie Mellon University

This course is about the development of executable strategies for entrepreneurial efforts. In order for entrepreneurs to be successful, the ability to create a business model and roadmap for execution is essential. Strategy is about making decisions and having alternatives for courses of actions. This course will focus on effective approaches and measures in order to make things happen under tight time and financial considerations. The course will explore how to apply the tools of strategy and business models in order to deliver new business creation. Topics include applying an evaluation process for the validity of a business concept, understanding the drivers for a strategic roadmap for new business execution, using a toolkit to shape a strategy with scenarios for choices of action, identifying the key measures of success. Through teams, students will form specific approaches for selected new business concepts and share them in class discussions. Priority registration for this course will be given to students in the Master of Science in Technology Ventures program.

Prerequisites: none listed

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