Suitable business models for innovation in different levels of the smart grid energy industry

2019 ◽  
Vol 39 (1) ◽  
pp. 13275
Author(s):  
Silu Chen ◽  
Hsing Hung Chen ◽  
Tao Shen
Keyword(s):  
Smart Grid ◽  
Business Models ◽  
Energy Industry ◽  
Different Levels

scholarly journals Multidexterity: Combining Competing Business Models in Transforming Economies

2021 ◽  
pp. 1-32
Author(s):  
Robert Demir ◽  
Duncan Angwin
Keyword(s):  
Business Models ◽  
Regulatory Constraints ◽  
Entry Strategies ◽  
Industry Standards ◽  
European Healthcare ◽  
Practice Approach ◽  
Different Levels

ABSTRACT In an attempt to respond to recent calls for better understanding the coexistence of multiple business models, we develop the concept of ‘multidexterity’ – the ability to develop, nurture, and execute several distinctive BM strategies simultaneously across different levels and functions of the MNC and its host markets. To illustrate this approach, we describe a European healthcare firm entering the rapidly transforming economy of China and facing regulatory constraints and ambiguities in the application of industry standards. This situation is a generic challenge for MNCs entering rapidly transforming economies, which they help in turn to substantially alter and develop. We argue multidextrous business models are effective entry strategies for MNCs. They also help resolve two conceptual limitations in the BMI literature: (1) the problem of environmental contingencies and (2) the interrelatedness of factors at the macro, meso, and micro levels. We address these problems from a practice approach. We provide some implications for the concept of multidexterity and business models and address managerial challenges and prospects in developing multidextrous organizations.

scholarly journals Servitization strategies from customers’ perspective: the moderating role of co-creation

2019 ◽  
Vol 34 (3) ◽  
pp. 628-642 ◽  
Author(s):  
José L. Ruiz-Alba ◽  
Anabela Soares ◽  
Miguel A. Rodríguez-Molina ◽  
Dolores M. Frías-Jamilena
Keyword(s):  
Structural Equation ◽  
Business Models ◽  
Service Providers ◽  
Moderating Effect ◽  
Mediating Effect ◽  
Content Type ◽  
The Impact ◽  
Moderating Role ◽  
Different Levels

Purpose This paper aims to investigate the moderating role of co-creation in the implementation of servitization strategies in the pharmaceutical industry in a business-to-business (B-to-B) context. More specifically, this investigation explores the impact of different levels of services (base, intermediate and advanced) on servitization and on performance by using co-creation as a moderating factor. Design/methodology/approach A research framework was developed and empirically tested in the pharmaceutical sector. Data collection was conducted through the online distribution of questionnaires. The final sample included 219 pharmacy stores, and the data were analysed using structural equation modelling. Findings Main findings suggest that when the level of co-creation of the design of services is high, there are significant effects of servitization on firm performance. The moderating effect of co-creation is illustrated in regard to intermediate and advanced services, but results referring to the impact of intermediate services on servitization appear non-significant with a low degree of co-creation. No significant effects could be found for the impact of base services on performance and servitization for both high and low degrees of co-creation. Findings show an impact of advanced services on performance through the mediating effect of servitization when the degree of co-creation is high. Originality/value Most research concerning servitization has been done from the perspective of manufacturers and service providers. This study adds value to the literature because it was designed from a customer’s perspective. Moreover, it contributes towards the conceptualization of the servitization research strategy and business models in a B2B context. This is accomplished through the investigation of the moderating effect of co-creation on the impact of the different levels of services on servitization and on performance.

scholarly journals Future Generation 5G Wireless Networks for Smart Grid: A Comprehensive Review

Energies ◽  
2019 ◽  
Vol 12 (11) ◽  
pp. 2140 ◽  
Author(s):  
Sofana Reka. S ◽  
Tomislav Dragičević ◽  
Pierluigi Siano ◽  
S.R. Sahaya Prabaharan
Keyword(s):  
Smart Grid ◽  
Electricity Markets ◽  
Smart Grids ◽  
Large Scale ◽  
Business Models ◽  
Future Generation ◽  
Current Status ◽  
Complete Analysis ◽  
5G Networks ◽  
5G Network

Wireless cellular networks are emerging to take a strong stand in attempts to achieve pervasive large scale obtainment, communication, and processing with the evolution of the fifth generation (5G) network. Both the present day cellular technologies and the evolving new age 5G are considered to be advantageous for the smart grid. The 5G networks exhibit relevant services for critical and timely applications for greater aspects in the smart grid. In the present day electricity markets, 5G provides new business models to the energy providers and improves the way the utility communicates with the grid systems. In this work, a complete analysis and a review of the 5G network and its vision regarding the smart grid is exhibited. The work discusses the present day wireless technologies, and the architectural changes for the past years are shown. Furthermore, to understand the user-based analyses in a smart grid, a detailed analysis of 5G architecture with the grid perspectives is exhibited. The current status of 5G networks in a smart grid with a different analysis for energy efficiency is vividly explained in this work. Furthermore, focus is emphasized on future reliable smart grid communication with future roadmaps and challenges to be faced. The complete work gives an in-depth understanding of 5G networks as they pertain to future smart grids as a comprehensive analysis.

Digital transformation and revenue management: Evidence from the hotel industry

2020 ◽  
pp. 135481662090192 ◽  
Author(s):  
Ziad Alrawadieh ◽  
Zaid Alrawadieh ◽  
Gurel Cetin
Keyword(s):  
Revenue Management ◽  
Qualitative Data ◽  
Business Models ◽  
Hotel Industry ◽  
Digital Transformation ◽  
Lodging Industry ◽  
Semistructured Interviews ◽  
The Future ◽  
Key Barrier ◽  
Different Levels

To maximize their revenues and protect their market share against traditional competitors (e.g. formal lodging businesses) and disruptive business models (e.g. Airbnb), the lodging industry increasingly relies on technology in various operations. However, the extent to which hotels adopt technology innovation in their revenue management (RM) operations, as well as the benefits of and barriers for digitalization, remains unclear. Moreover, the possible impacts of digital transformation on the future of revenue managers’ professions have been largely overlooked in previous studies. Drawing on qualitative data collected through 23 semistructured interviews with revenue managers in luxury and upscale hotels across Jordan, the findings suggest that RM is going through digital transformation with different levels of sophistication. While acknowledging the benefits of digital transformation in saving time, supporting the decision-making process, and yielding more revenues, the high cost of RM software emerges as a key barrier for digital transformation. The findings also reveal that the automation of various manual heuristics in RM is far from being possible, and therefore, digital transformation is unlikely to pose a threat to the future of the RM profession.

scholarly journals Predictive maintenance as an internet of things enabled business model: A taxonomy

2020 ◽  
Author(s):  
Jens Passlick ◽  
Sonja Dreyer ◽  
Daniel Olivotti ◽  
Lukas Grützner ◽  
Dennis Eilers ◽  
...  
Keyword(s):  
Cluster Analysis ◽  
Internet Of Things ◽  
Manufacturing Industry ◽  
Business Models ◽  
Predictive Maintenance ◽  
Sensor Data ◽  
Visualization Technique ◽  
Hardware Development ◽  
The Internet Of Things ◽  
Different Levels

Abstract Predictive maintenance (PdM) is an important application of the Internet of Things (IoT) discussed in many companies, especially in the manufacturing industry. PdM uses data, usually sensor data, to optimize maintenance activities. We develop a taxonomy to classify PdM business models that enables a comparison and analysis of such models. We use our taxonomy to classify the business models of 113 companies. Based on this classification, we identify six archetypes using cluster analysis and discuss the results. The “hardware development”, “analytics provider”, and “all-in-one” archetypes are the most frequently represented in the study sample. For cluster analysis, we use a visualization technique that involves an autoencoder. The results of our analysis will help practitioners assess their own business models and those of other companies. Business models can be better differentiated by considering the different levels of IoT architecture, which is also an important implication for further research.

scholarly journals Impacts of Smart Grid Concept on Energy Industry

2013 ◽  
Vol 04 (03) ◽  
pp. 179-189
Author(s):  
Marek Adamec ◽  
Pavel Pavlatka ◽  
Milan Kloubec ◽  
Oldrich Stray
Keyword(s):  
Smart Grid ◽  
Energy Industry

scholarly journals CIRCULAR BUSINESS MODELS FOR SUSTAINABLE DEVELOPMENT OF UKRAINIAN ENTERPRISES

2021 ◽  
Vol 5 (1) ◽  
pp. 15-29
Author(s):  
Natalia Horbal ◽  
◽  
I. Plish ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Model ◽  
Business Models ◽  
High Efficiency ◽  
Renewable Materials ◽  
Circular Model ◽  
The World ◽  
Analysis And Synthesis ◽  
Leading Enterprises ◽  
Different Levels

Purpose. The purpose of the research is to analyze Ukraine and its enterprise’s methods of implementation of circular principles and business models to ensure their sustainable development. Design/methodology/approach. The study examines the hypothesis of the global need and high efficiency of changing the economic model from linear to circular at different levels, including the adaptation of circular business models at Ukrainian enterprises. To assess the essence, advantages, practical approaches, and examples of transformation by enterprises of the circular principles and business models, general scientific theoretical methods of scientific research (formalization, analysis, and synthesis, systematization, and explanation) are used. Findings. The hypothesis of the global need and high efficiency of changing the economic model from linear to circular at different levels, including the adaptation of circular business models at Ukrainian enterprises, is proven. The world experience and practice, first of all, European, are analyzed, and successful examples of their introduction by the leading enterprises are given. They confirmed that circular principles are helpful not only for ecology and the environment but also for enterprises and states’ economic efficiency. Practical implications. The results of this research show that taking into account the world experience and provided recommendations, in particular on “green procurement”, it is expedient for domestic enterprises to implement promptly circular business models for sustainable development and international competitiveness boosting, and for the state – to develop a clear strategy for transition to a circular economic model. For its effective implementation, it is necessary to consider three aspects: economic, environmental, and social, as well as possible risks. Originality/value. Considering current environmental and economic problems, the circular model was recognized as especially relevant for Ukraine today on its way to the E.U. This study highlights the essence, principles, prerequisites, and world experience of transition from a linear to a circular model of the economy and ways of sustainable development and competitiveness of domestic enterprises by adapting circular business models. The results are valuable for enterprises and countries in their transition to circularity, providing waste recovery and recycling, using renewable materials and reuse of products, prevention of pollution and depletion of resources, ensuring profitability and sustainable development.

Trends and Conclusions for Business Development in the Renewable Energy Industry

2020 ◽  
pp. 1374-1391
Author(s):  
Adrian Tantau ◽  
Laurenţiu Cătălin Frăţilă
Keyword(s):  
Renewable Energy ◽  
Business Models ◽  
Greenhouse Gas Emission ◽  
Business Development ◽  
Energy Industry ◽  
Future Perspective ◽  
Economic Sectors ◽  
Continuous Training ◽  
Local Conditions ◽  
Renewable Energy Industry

The renewable energy industry represents a very dynamic sector, connected with other economic sectors. The trends in this field are numerous and various. The setting of EU targets for greenhouse gas emission reduction is a policy at European level. The huge amount of data calls for the use of complex data processing equipment and systems, so now we can talk about the smart grid, decentralization, the Energy Management System and the Energy storage system. Business development requires very large investments and various financing methods, but especially well-detailed and reasoned business models that can be adapted to local conditions. There are changes at the level of HR through the creation of new specific jobs, as well as continuous training for specialists. The main objective of this chapter is to present the major trends related to the renewable energy sector and their impact on the economic development and on the environment. This chapter presents 18 main trends identified by the authors and analyzed in the renewable energy field. Each of these trends follows in a brief overview the actual situation and the future perspective.

Digital Transformation in the Energy Industry

2021 ◽  
pp. 97-111
Author(s):  
Emiliano Sola ◽  
Viviana D'Angelo ◽  
Francesca Capo
Keyword(s):  
Business Models ◽  
Oil And Gas ◽  
New Technologies ◽  
Customer Experience ◽  
End Users ◽  
Digital Transformation ◽  
Energy Industry ◽  
Wide Range ◽  
The Face ◽  
The One

In recent years, digital transformation has begun to significantly affect the business landscape, disrupting existing business models. In the midst of this revolution, oil and gas retail companies are experiencing a strong transformation of the whole industry, which is also driving the transformation of their processes, assets, and people. In this chapter, the authors explore how oil and gas retail companies are trying to redefine their business models by providing end-users with a wide range of smart and connected solutions. The main purpose of this work is to analyse, in the face of the digital transformation era, the potential that new technologies can unleash in mature and commoditized industries such as the one of oil and gas retail. In particular, the present work focuses on the digital transformation strategy of fuel retail companies based on the improvement of customer experience.

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