Conclusion

You have now reached the end of this course. The focus has been on one of the key elements of strategy—business models. By this time, you have learnt what business models are and how to distinguish among their different types. You have also learnt how to build a business model by using a business model canvas tool.

The key idea to take away from this course is that strategy is not limited to the business context. Neither is it limited to only organisations. Rather it may have wider applications in our lives, and, for this reason, the course showed how to apply business models beyond organisations, for example for strategic planning of your professional development and career.

In the final part of this course, you developed your personal business model canvas to advance your professional goal. Congratulations on this achievement! We hope that you have found this experience enjoyable and useful for what you do professionally. You may wish to revisit this course at a later time to re-engage with your favourite themes and experiment with building business models for your new projects.

This OpenLearn course is an adapted extract from the Open University course B302 Strategic management [Tip: hold Ctrl and click a link to open it in a new tab. (Hide tip)] .