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Driving Growth through Ecosystems

Business Models with Intelligent Platforms

To ensure future success, companies will need a portfolio of business models. Among these, platforms will play a crucial role. An essential issue of concern for companies is figuring out ways to hold on to existing business while simultaneously developing platform business models that present novel possibilities for creating innovations, business renewal and new growth opportunities. These challenges and opportunities apply especially to B2B companies with a firm foundation in advanced technology. 

However, constructing a platform strategy is complex, even more so as it challenges your existing assumptions about how business is created. As digital technologies and platforms grow in number, the place, organizing, participation and practices of innovation actions are changing. Accurate data is the raw material in platform industry and AI is the focal tool to be employed.

In this unique program, you will learn to think about platforms beyond mere marketplaces and real-time monitoring of service processes. You will gain a deep insight into the platform economy and how to create and capture value through platforms. With concrete examples, you will apply the insights and procedures to your own organization in practice.

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Gain a deep insight into platform economy, how value can be created and captured through platforms and how your company can benefit from it

Learn how to align your company´s platform strategy with your ongoing digital transformation undertakings and your overall enterprise strategy

With concrete examples, while applying the insights and procedures to your own company, explore the principles of how to lead platforms as well as how to exploit AI for your own lucrative platform business

Benefits

Gain a deep insight into platform economy, how value can be created and captured through platforms and how your company can benefit from these. You will learn how to align your company´s platform strategy with ongoing digital transformation undertakings and your overall enterprise strategy. With concrete examples, while applying the insights and procedures to your own company, you will explore the principles of how to lead platforms as well as how to exploit AI for your own lucrative platform business.

Identify different logically sound platform business models and understand their partly conflicting foundations
Compare and assess pre-conditions of different approaches to platforms and become conscious of the risks and opportunities for your own company
Exploit the overarching possibilities of AI in finding an algorithmic advantage, automating the creation of partnerships, driving optimization by AI-based organizing and customizing your change approach ​
Create and further develop lucrative platform business models for your own company by making well-founded decisions on building and scaling, monetizing, choosing the right technologies and developing the right team and organizational structure.

For

The program is designed with and for business leaders in large companies and top management in medium-sized companies responsible for making the strategic investment decisions. You are eager to deepen your understanding of how to harness the latest technology developments in platforms and AI to effectively communicate, organize and work with tech specialists in order to make well-founded business decisions for the future.

The program is suitable for business executives in industrial and other B2B companies responsible for:

  • Business strategy
  • Innovation
  • Development
  • Digitalization
  • Services

Contents and Schedule

In this program you will gain a deep understanding of platforms, explore the pre-conditions of different approaches and find the risks and opportunities regarding your own company. You will learn how to harness the latest technological developments and exploit the overarching possibilities of AI in finding an algorithmic advantage, automating the creation of partnerships, driving optimization by AI-based organizing, and customizing your change approach. Focusing on your own business, following a step-by-step process guided by top instructors you will create or further develop lucrative platfom business models for your own company.

The program will be delivered in five sessions over the course of three months. It starts and ends with a face2face session. In-between, there are three real-time online lessons. For effortless attendance, sessions are run in the afternoons except for the final meeting which is a full-day session. Depending on the covid19 situation, we are prepared to do the initial and final sessions in a hybrid mode if needed. This means that part of the participants are on site and part of the participants attend remotely. Deft technical solutions and Aalto EE pedagogic practices secure smooth interaction and communication. Three weeks after the ending there will be a follow-up meeting to share the insights gained during the program.

Schedule

Instructors

Ville Eloranta

Dr. Ville Eloranta is currently working as a Postdoctoral Researcher in Aalto University School of Business.

Dr. VEloranta is an expert in business model innovation (especially platform business models), distributed ledger technologies (especially open blockchain implementations), and design management (connecting design paradigms to management practice).

Ville Eloranta is teaching future transdisciplinary professionals in International Design Business Management programs, and is also involved in the development of Network university Fitech (a transformative education endeavor of 7 biggest Finnish universities, Technology Industries of Finland, and TEK). He is researching business models in decentralized business ecosystems, and has a solid track record of publications in top-level management journals.

Before joining academia, Dr, Eloranta worked nearly 20 years as a service designer and programmer, and design agency entrepreneur (founder of a 30-person company in three countries), solving digitalization challenges especially for big B2B customers.

Dr. Ville Eloranta holds a PhD in Industrial Engineering and Management from Aalto University School of Science.

Tero Ojanperä

Dr. Tero Ojanperä is a Board Professionald and Chairman & Co-founder at Silo.AI, the largest AI solution and service provider in the Nordics.

Dr. Tero Ojanperä shares his longtime experience and expertise in global scale technology business and business transformation with AI for large corporations. He is an executive and a technology visionary with a strong experience in global scale technology business, corporate strategic planning, industry partnerships, and innovation. He is a former CTO and Chief Strategy Officer of Nokia and served in Nokia's Executive Board. He is a board member with experience in digital transformation, technology, strategy, innovation, IPR, IPO, and M&A. Currently, Tero shares his expertise in business transformation with AI and platform business models for large corporations.

Tero has a PhD in electrical engineering. He was nominated as Young Global Leader of World Economic Forum 2006. He has been recognized as 7th Most Creative People In Business 2009 by Fast Company.

Timo Vuori

Timo Vuori is an Assistant Professor of Strategic Management at the Aalto University School of Science, Department of Industrial Engineering and Management.

He has previous experience in Hanken School of Economics, INSEAD and the University of Leeds Business School. Timo was also a visiting student in the Stanford University.

Timo Vuori produces new knowledge of how companies formulate and execute strategies drawing insight from the cutting-edge research conducted all over the world and his work with companies in consulting projects for several Finnish and international organizations.

He produces new knowledge of how companies formulate and execute strategies drawing insight from the cutting-edge research conducted all over the world and his work with companies. Timo pays special attention to the human-side of the process, with an emphasis on shared feelings and cognitive dynamics.
Timo’s research has appeared in the leading international journals and he has won several best paper awards in the leading international conferences. Overall, he has produced over 50 written works. He is best known of his research on the case Nokia (collective organizational fear).

Timo works with University students and with companies to help the present and next generation of business leaders to work more effectively and innovatively, while also contributing to the general well-being at the individual and societal levels.

Timo has done thorough academic case studies as well as consulting projects in several Finnish and international organizations. In addition to the direct benefits for the companies, this work is important because it allows him to link theory with practice and to ensure that his teaching remains grounded in the real world.
 

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