Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.


After the course, the participant should
a) know the main concepts of business model design
b) be able to apply the most common frameworks and tools of business model design and
c) have a basic understanding of how and why business model innovation occurs

Credits: 6

Schedule: 02.11.2021 - 09.12.2021

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Elina Hilden

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    The course introduces the concepts, tools, and principles of business model design aligned with the theories of strategic management. The main emphasis will be on understanding how business models emerge and based on what resources and capabilities these are designed. In addition, throughout the course we will touch up upon the requirements set by the markets and business environment.

Assessment Methods and Criteria
  • valid for whole curriculum period:

    Students must attend and display active participation. They must also pass the weekly assignments (written and oral) as well as the exam at the end of the course. 

  • valid for whole curriculum period:

    Lectures & workshops 30h

    Independent work 90h

    Assignments 40h

    Total 160h (ECTS)



Study Material
  • valid for whole curriculum period:

    Articles, book chapters and other material indicated in the syllabus.

Substitutes for Courses
SDG: Sustainable Development Goals

    3 Good Health and Well-being

    8 Decent Work and Economic Growth

    9 Industry, Innovation and Infrastructure

    12 Responsible Production and Consumption

    16 Peace and Justice Strong Institutions

    17 Partnerships for the Goals


Further Information
  • valid for whole curriculum period:

    The course is restricted to 60 students.

    Period II course is only for IDBM major and minor students. Period IV course is open for other Aalto students as well but priority is given to IDBM students who are participating in the global industry projects.

    Students are strongly encouraged to be present during the first class to keep their registration.

    Responsible teachers:

    - II/2020: Ville Eloranta

    - II/2021: Ville Eloranta

    - IV/2022: Taija Turunen

    Teaching Period:

    2020-2021 Autumn II

    2021-2022 Autumn II, Spring IV

    Course Homepage:

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu ( instead of WebOodi.