This document discusses business model innovation. It begins with an agenda that includes defining business model innovation and outlining the process of business model innovation. The document then discusses why business model innovation is important for benefits like profit and growth. It also provides tools for describing one's current business model, including the business model canvas. The canvas is used to visualize the key components of a business model in a simple format. Finally, the document engages participants in describing their own business models using the canvas as a guide.