Prescriptive modeling is a technique that enables you to generate completely new innovation scenarios to find those that are most interesting and feasible. It’s a method you can use to generate new, innovative business models that are capable of creating change in your organization.
In this video, you’ll learn the essential mathematics of prescriptive modeling, and gain an understanding of why we need to approach business model innovation as a technical and scientific problem. Using a case study, we’ll walk how to systematically identify, prioritize, and eliminate risks to remove these obstacles from the process. You’ll also learn some essential techniques of prescriptive modeling, fundamental vocabulary, and how the mathematical concepts we’ve covered strengthen our ability to create useful simulations.