Business Modelling Practice Exam

About Business Modelling
A business model is a high-level plan for profitably operating a business in a specific marketplace. A primary component of the business model is the value proposition. This is a description of the goods or services that a company offers and why they are desirable to customers or clients, ideally stated in a way that differentiates the product or service from its competitors.

A new enterprise's business model should also cover projected startup costs and financing sources, the target customer base for the business, marketing strategy, a review of the competition, and projections of revenues and expenses. The plan may also define opportunities in which the business can partner with other established companies. For example, the business model for an advertising business may identify benefits from an arrangement for referrals to and from a printing company.

Successful businesses have business models that allow them to fulfill client needs at a competitive price and a sustainable cost. Over time, many businesses revise their business models from time to time to reflect changing business environments and market demands.

Why is Business Modelling important?
The purpose of a business model is threefold. First, it is used as a tool to describe your business venture in about one page, which can then be developed into a complete business plan. Secondly, it serves as a summary of your company's focus, which can be shared with potential investors, employees, and can even serve as a reminder for yourself to prevent you from losing sight of your company's direction while managing daily tasks.

 It helps you, as an entrepreneur, to put aside the excitement and make a realistic evaluation of the potential success of your business idea. A proper business model helps you to figure out elements such as: Your business concept – what problem are you solving for whom; how you will create customer value; how your product or service will get to customers; how your business will stay competitive; and all revenue and costs you can anticipate.

Who should take the Business Modelling Exam?
•    Aspiring entrepreneurs
•    Small business or startup owners
•    Innovation managers
•    C-level executives
•    Entrepreneurs
•    Business owners
•    Business strategists
•    Marketing and brand managers
•    Product managers
•    Management consultants
•    Innovation consultants
•    Social enterprise leaders
•    Business analysts
•    Business architects

Knowledge and Skills required for the Business Modelling

Critical thinking and good communication skills helps candidate to gain quick success for career in business modelling charts and diagrams.

Business Modelling Practice Exam Objectives

Business Modelling exam focuses on assessing your skills and knowledge in BPM, Business Modelling

Business Modelling Practice Exam Pre-requisite

There are no prerequisites for the Business Modelling exam. Candidates who are well versed  in process modelling can easily clear the exam.

Business Modelling Certification Course Outline

1. Business Process Basics
1.1 Define
1.2 Measure
1.3 Analyze
1.4 Improve
1.5 Control

2. Introduction to Business Process Management
2.1 Business Process Modeling Basics
2.2 Analyzing the Behavior of Process Models

3. Business Modeling Charts and Diagrams
3.1 Swim Lane Flowcharts
3.2 UML Activity Diagrams
3.3 BPMN Business Process Diagrams
3.4 Flowcharts
3.5 Business Modeling Charts
3.6 Business Modeling Diagrams

Exam Format and Information
Certification name – Business Modelling Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199