This is not the end, BEMM129!

As the term is coming to an end, so is the course BEMM129. However, going through the course with a dialectical attitude. Not only did I learn so much knowledge from this course, but I am going to apply it to my future life, so the influence of this course on me will be continued. To transfer knowledge into experience, according to Atkins and Murphy (1993), reflection in a learning environment can help people actively explore their experiences to gain new experiences and understandings (Atkins, 1993). Therefore, I’m using the Atkins and Murphy model since it can be used to explicitly support a deeper reflection (The Open University, 2019).

1. Identify any learning

This course analyses the effects of digitization on its various aspects and their interrelationships from a business standpoint, as well as a series of derivatives. Business models are principles that describe how an organization creates and delivers value to its users to sustain further sustainable profits (Osterwalder, 2002). The digital transformation has stimulated innovation and provided more opportunities for companies.

2. Awareness

I check the weekly discussion or other people’s blog to assist my study and enhance my understanding.

Although the rapid development of digital business models has accelerated the development of various industries, the speed of legislation has not kept pace with it. This leads to problems like privacy disclosure and fraud, the moral standards of the digital world are still fuzzy.

3. Describe the situation

Here are some very interesting blog posts that I’ve been involved with, having a discussion with others and sharing different ideas are just so fun and useful! (The links to their blogs will be in the reference list)

Continuing discussing with me here after reading their articles and my comments are welcomed!

4. Analyse feeling and knowledge

From these four amazing blog posts, I have gained knowledge in different ways of how digital business models have changed the traditional development model, these successful cases have all overturned the traditional model of their industry through innovative application of digital models.

5. Evaluate the relevance of knowledge

Digital technology is not only applicable in the field of high-end technology, but also can be combined with anything in life, and people are gradually inseparable from it. In this context, the use of a good digital business model can certainly accelerate the development of enterprises, but it should not neglect its focus on innovation, sustainable development and legal provisions, no company can go far with the absence of one of these.