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It is argued in most academic literature that Business Model (BM)
is a general model for how any business runs or should be run, it
is the "blueprint of the business". Conversely we argue that no
business has just one BM, one model on which it runs all its
business or intends to run its business. In other words the BM can
be used for "as-is" and the "to-be" businesses. However our
research, in contrast to the other BM frameworks, indicates that
businesses have more BMs - both "as-is" and "to-be" BMs - the multi
business model approach. This was already theoretically indicated
by Markides and Charitou in 2004, and again in the
Casadesus-Masanell and Ricart model of 2010, but sadly no one in
the BM community has followed up on this since then. It could have
made a breakthrough in our understanding of BMs, Business Model
Innovation (BMI) and Strategic BMI. The Multi Business Model
Innovation Approach addresses the concerns in the BM community and
in BMI practice to just focus on the ideation and conceptualization
of BMs. "BM canvassing", innovating BM building blocks or BM
dimensions when carrying out BMI, so-called "blind business model
innovation", is not sufficient to run and understand a business
today. BMs and BMI must address all the different levels in a
business. All BMs are objects to BMI and should be used to maximize
the performance and sustainability of the business. The core
business and all levels BMs, such as BM dimension components, BM
dimensions, BM portfolio, and Business Model Ecosystem (BMES),
should all be considered for BMI. The book addresses and documents
a gap in BM research and the BM community - but also proposes a
generic definition and language of a BM and BMI layers. The
significance and importance of this work is related to significant
and unexplored possibilities that BMI offers today, and can offer
tomorrow. When we thoroughly understand all levels, dimensions and
components of the business and its business models, and we are able
to communicate, work and innovate with business models at all
levels together, then a next step in BM and BMI research and
practice can be taken. It is proposed that any BMs are related to
seven dimensions- value proposition, user and/or customer, value
chain functions (internal), competence, network, relations and
value formulae. It is further proposed that seven different levels
of a BMI from the most detailed level - the BM dimension component
- to the BM dimension, BM, BM portfolio, business, and the vertical
and horizontal business model ecosystem layer - and these can be
objects to BMI. Conceptually, the Business Model Cube was formed
using the seven dimensions which could be used both in a 2D and a
3D version.
In the first decade of the 21st century product development in
networks was predicted to be of ever-increasing importance to
businesses of all sizes because of changes in markets, in
technology, in networks, and in the competences of Businesses. The
growth in new products' share of businesses' total turnover and
earnings were increasing at an unprecedented speed. The
entrepreneurial innovations and technological improvements had
resulted in the increasingly fast development of new products and
services. Businesses and industries in different countries became
increasingly more linked and interdependent in networks with
respect to materials, business operations and particularly product
development to match the wants and needs of the global market
environment to high speed product development. Businesses were
therefore encountering increasingly dynamic market fragmentation,
shrinking time in market, increasing product variety, demands of
production to customer specifications, reduced product lifetimes,
and globalization of production. Networks were vital because the
competition is not business against business, but network against
network. Networks are vital because an increasing part of product
development was carried out in all types of networks containing
physical, ICT, dynamic, and virtual networks. Speed and pressure on
time in product development seemed to continue to increase because
customer demands for new products seemed to continue to increase.
However, a Business seldom possessed all needed competences, and
managers saw product development based on networks as an important
solution to meet the strong competition of the future global
markets and the strong demand for innovation and innovativeness.
The evolution of market demands and focus (required) on
competencies of businesses could be characterized as a development
from a focus on efficiency, to a focus on quality and flexibility,
to a focus on speed and innovativeness. This was why it was
interesting and important to research and discuss product
development and especially to understand high speed product
development of individualized products in fragile market segments.
Consequently, findings and learning on aspects like enablers,
management tools, technological tools, product development models,
product development processes and network tools to speed new
product development are presented in this book.
The New Global Business model (NEWGIBM) book describes the
background, theory references, case studies, results and learning
imparted by the NEWGIBM project, which is supported by ICT, to a
research group during the period from 2005-2011. The book is a
result of the efforts and the collaborative work between SMEs,
consultancies and researchers across various lines of business,
competences and research domains. The book commences with a
theoretical discussion of the business model and its innovation
literature and explains how this was a collaborative study by
researchers from three Danish Universities. The book continues by
describing, analyzing and showing how NEWGIBM was implemented in
SMEs in different industrial companies/networks. Based on this
effort, the researchers try to describe and analyze the current
context, experience of NEWGIBM and finally the emerging scenarios
of NEWGIBM. The NEWGIBM book serves as a part of the final
evaluation and documentation of the NEWGIBM project and is
supported by results from the following projects: M-commerce,
Global Innovation, Global Ebusiness & M-commerce, The Blue
Ocean project, International Center for Innovation and Women in
Business, NEFFICS, which provided information about the innovating
business models funded by Ministry of Science and Innovation
Denmark, Ministry of Economics Denmark, EU Social Fund, EU KASK
program and EU 7 Framework program Internet of Things. This book
adds new knowledge to the global business models based on ICT.
Contents: The Theoretical History and Background of Business Models
The Th eoretical Background of Business Model Innovation ICT - a
Key Enabler in Innovating New Global Business Models The NEWGIBM
Research Methodology The Analytical Model for NEWGIBM Industry
Service - Technology Centre The KMD Case Smart House Case The Nano
Solar Case The Master Cat Case The Pitfalls Of The Blue Ocean
Strategy - Implications Of "The Six Paths Framework" Network-Based
Innovation - Combining Exploration and Exploitation? Innovating New
Business Models in Inter-firm Collaboration NEW Global Business
Models - What Did The NEWGIBM Cases Show? The Strategy Concept in
Light of the Increased Importance of Innovative Business Models
Successful Implementation of Global BM Innovation Globalisation Of
ICT Based Business Models: Today And In 2020
Aim: Provides an in-depth and holistic view of Multi Business Model
and technology Innovation from practical to theoretical aspects
covering topics that are equally valuable for practitioners as well
as academia - also those new in the field. Scope: The journal
covers Multi Business Model and technology innovation issues and
solutions thereof. As Business has moved towards a world of multi
business models, issues in modeling business and business models
will be published. The publication takes a holistic, strategical,
network based and global view to the Multi business approach. Some
example topics are: Multi Business Model Innovation and technology
in Health Care sector, Multi Business Model Innovation Leadership
and management in SME's, Cloud based Multi Business Model
Innovation, Business Model Eco systems, Open and Closed Business
Models
Provides an in-depth and holistic view of Multi Business Model and
technology Innovation from practical to theoretical aspects
covering topics that are equally valuable for practitioners as well
as academia - also those new in the field. Scope: The journal
covers Multi Business Model and technology innovation issues and
solutions thereof. As Business has moved towards a world of multi
business models, issues in modeling business and business models
will be published. The publication takes a holistic, strategical,
network based and global view to the Multi business approach. Some
example topics are: Multi Business Model Innovation and technology
in Health Care sector, Multi Business Model Innovation Leadership
and management in SMEs, Cloud based Multi Business Model
Innovation, Business Model Eco systems, Open and Closed Business
Models
Aim: Provides an in-depth and holistic view of Multi Business Model
and technology Innovation from practical to theoretical aspects
covering topics that are equally valuable for practitioners as well
as academia - also those new in the field. Scope: The journal
covers Multi Business Model and technology innovation issues and
solutions thereof. As Business has moved towards a world of multi
business models, issues in modeling business and business models
will be published. The publication takes a holistic, strategical,
network based and global view to the Multi business approach. Some
example topics are: Multi Business Model Innovation and technology
in Health Care sector, Multi Business Model Innovation Leadership
and management in SMEs, Cloud based Multi Business Model
Innovation, Business Model Eco systems, Open and Closed Business
Models
Aim: Provides an in-depth and holistic view of Multi Business Model
and technology Innovation from practical to theoretical aspects
covering topics that are equally valuable for practitioners as well
as academia - also those new in the field. Scope: The journal
covers Multi Business Model and technology innovation issues and
solutions thereof. As Business has moved towards a world of multi
business models, issues in modeling business and business models
will be published. The publication takes a holistic, strategical,
network based and global view to the Multi business approach. Some
example topics are: Multi Business Model Innovation and technology
in Health Care sector, Multi Business Model Innovation Leadership
and management in SMEs, Cloud based Multi Business Model
Innovation, Business Model Eco systems, Open and Closed Business
Models
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