A tutorial on using FEM for business model innovation at CAiSE 2018. In the dynamic world of today, enterprises need to be innovative not only in what they offer, but also in who they are and what they do, i.e. under which Business Models (BM) they operate. A traditional manufacturing company may not be able to continue its business as usual due to the emergence of mature 3-D printing. Instead, the company may become a “designer” of products while letting the customer print the design in other places, or a “manufacturer” – printing somebody else’s design for the customer. This change could be more radical than adding a new product or service to the company’s offerings. The tutorial introduces an approach to BM innovation based on a new type of enterprise models called Fractal Enterprise Model (FEM). A FEM connects enterprise’s business processes with its assets revealing existing assets that can be used in a new BM. The assets can be human-related or infrastructure related, e.g. various IT systems. A new business model is built by finding another usage for already existing assets. The introduction to FEM is followed by an exercise in which the tutorial participants apply the approach and invent a new business model for their own organizations.