WHAT IF AIESEC WAS A BUSINESS?

- The Need For Business Models - Our Program Business Models - How To Integrate Business Models In

My LC Operations

S U M M E R S T E E R I N G T E A M 2 0 1 5 | A I E S E C U N I T E D S TAT E S

W H AT I S A B US I N E S S M O D E L?

A business model is an abstract representation of an organization, be it conceptual, textual or graphical - of all core inter related architectural, co-operational & financial arrangements.

A business model describes the rationale of how an organization creates, delivers, and captures value, in economic, social, cultural or other contexts. The process of business model construction is part of business strategy.

W H Y D O E S A I E S E C N E E D A B US I N E S S M O D E L

Although AIESEC is a non profit organization, we operate like a for-profit orgranization in a lot of ways. Hence, to sustain our operations while sustaining our financial health - we must understand the business model for each of our programs.

By doing this we get to see what are those areas in which we can improve so as to grow operationally while ensuring sustainability .

WHAT WOULD OUR BUSINESS MODELS LOOK LIKE?

WE CAME TOGETHER TO FIND OUT..

GLOBAL CITIZEN OUTGOING (OGCDP)

GLOBAL TALENT OUTGOING (OGIP)

GLOBAL LEADERS (TMP/TLP)

GLOBAL TALENT INCOMING (IGIP)

GLOBAL CITIZEN INCOMING (IGCDP)

As a local committee president, how would you integrate these business models into your daily operations?

I N T E G R AT I N G T H E B US I N E S S M O D E L I N TO O P E R AT I ON S

1. At the next LCM, explain business models to your membership along with an activity to create the business model for each of our programs

2. Revisit how your EB measures the success of members in your LC to see how you can recognise members based on parts of the business model.

3. Explore how you can improve your current operations process by understanding the different elements of the business model per program that you might not be focusing on

right now