scholarly journals AI Startup Business Models

2021 ◽  
Author(s):  
Michael Weber ◽  
Moritz Beutter ◽  
Jörg Weking ◽  
Markus Böhm ◽  
Helmut Krcmar
Keyword(s):  
Business Model ◽  
Business Models ◽  
Descriptive Analysis ◽  
Product Service ◽  
Key Characteristics ◽  
Long Time ◽  
Value Propositions ◽  
Entrepreneurial Action ◽  
The Impact ◽  
Rapid Emergence

AbstractWe currently observe the rapid emergence of startups that use Artificial Intelligence (AI) as part of their business model. While recent research suggests that AI startups employ novel or different business models, one could argue that AI technology has been used in business models for a long time already—questioning the novelty of those business models. Therefore, this study investigates how AI startup business models potentially differ from common IT-related business models. First, a business model taxonomy of AI startups is developed from a sample of 100 AI startups and four archetypal business model patterns are derived: AI-charged Product/Service Provider, AI Development Facilitator, Data Analytics Provider, and Deep Tech Researcher. Second, drawing on this descriptive analysis, three distinctive aspects of AI startup business models are discussed: (1) new value propositions through AI capabilities, (2) different roles of data for value creation, and (3) the impact of AI technology on the overall business logic. This study contributes to our fundamental understanding of AI startup business models by identifying their key characteristics, common instantiations, and distinctive aspects. Furthermore, this study proposes promising directions for future entrepreneurship research. For practice, the taxonomy and patterns serve as structured tools to support entrepreneurial action.

scholarly journals The Identification of Values in Business Models of Tourism Enterprises in the Context of the Phenomenon of Overtourism

2020 ◽  
Vol 12 (4) ◽  
pp. 1457
Author(s):  
Zygmunt Kruczek ◽  
Adam R. Szromek
Keyword(s):  
Business Model ◽  
Business Models ◽  
Local Community ◽  
Sustainable Tourism ◽  
Specific Level ◽  
Sustainable Tourism Development ◽  
Value Propositions ◽  
Tourism Enterprises ◽  
Comparison Of The Results ◽  
The Impact

This article presents considerations on business models, overtourism, and sustainable development on an example of the most important Polish tourist destination, which is Krakow. The purpose of the article is to identify the values generated and captured by tourist enterprises in the context of the occurrence of a specific level of overtourism. The authors have attempted to identify the values of sustainable tourism declared by entrepreneurs, referring to the companies providing services as well as tourists and the local community. The research, conducted on a sample of 518 respondents including 371 residents and 147 entrepreneurs, not only allowed us to determine the attitudes of Krakow inhabitants toward the phenomenon of overtourism related to the Doxey model of irritation, but also to assess the impact of having/using a business model based on the acceptance of principles in sustainable tourism development. A comparison of the results obtained between enterprises declaring having and not having a business model indicates a great similarity in terms of declared value propositions.

scholarly journals THE IMPACT OF COVID-19 PANDEMIC ON CHANGING ENTERPRISE BUSINESS MODELS: TRENDS AND PROSPECTS

2021 ◽  
pp. 55-63
Author(s):  
O. Pimenova ◽  
◽  
K.V. Mamii ◽  
Keyword(s):  
Business Model ◽  
Business Models ◽  
Developed Countries ◽  
Business Leaders ◽  
Customer Relationships ◽  
Sales Channels ◽  
Tangible Assets ◽  
Value Propositions ◽  
Key Resources ◽  
The Impact

Different approaches to the interpretation of the concept of "business model" are considered. Based on them, the essence of this concept is characterized, namely: the business model is a system that combines many elements that in their relationship determine the necessary directions of the firm, which creates value, financial results and consolidates positions on the market. An example of the formation of such a system based on the Busines Model Canvas by Osterwalder was considered in order to highlight key elements. The main elements are analyzed: Key Partners, Key Activities, Key Resources, Value Propositions, Customer relationships, Channels, Customer Segments, Cost Structure and Revenue Streams. It is determined that a business model of the enterprise is a reflection of the internal environment of the enterprise, but at the same time is strongly influenced by environmental factors. The consequences of the Covid-19 pandemic in terms of business in European countries are considered. According to results of the study, it was determined that the greatest impact of the pandemic was reflected on the income of enterprises. Based on the selected key elements of the business model of the enterprise, the impact of the pandemic on each element is analyzed. The main consequences are: the risk of losing partners, reducing the relevance of certain activities, the inexpediency of focusing only on tangible assets, changes in value propositions, loss of customer loyalty, reducing the efficiency of old sales channels and so on. Accordingly, the main trends in business models of enterprises are identified: reorientation of activities, sales channels, customer relationships online, emphasis on the importance of human capital, the introduction of elements of risk management. Thus, the Covid-19 pandemic has a significant impact on the success of enterprises, even in highly developed countries. In an environment of unpredictability, business leaders should pay an attention for creating and improving business models to ensure their sustainability and efficiency.

scholarly journals ANALISIS BISNIS MODEL KANVAS PADA UMKM PENGOLAHAN MELINJO DI KECAMATAN LIMPUNG KABUPATEN BATANG

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Sunendar Sunendar ◽  
Rifki Andi Novia ◽  
Luthfi Zulkifli
Keyword(s):  
Business Model ◽  
Entrepreneurial Orientation ◽  
Business Models ◽  
Raw Materials ◽  
Descriptive Analysis ◽  
Customer Relationship ◽  
Business Model Canvas ◽  
Value Propositions ◽  
Marketing Activities ◽  
The Right

AbstrakPengembangan ekonomi rakyat perlu diarahkan untuk mendorong perubahan nasional melalui pengembangan UMKM.  UMKM emping melinjo merupakan sentra unit usaha terbanyak di Kabupaten Batang. Maka perlu  analisa bisnis yang bisa diterapkan oleh wirausaha pengolahan melinjo salah satunya yaitu bisnis model kanvas. Tujuan penelitian ini untuk mengetahui analisa bisnis model yang  tepat dan analisa orientasi kewirausahaan. Jenis penelitian menggunakan analisa deskriptif dengan pendekatan orientasi kewirausahaan dan model bisnis kanvas. Metode penelitian yang digunakan adalah kuantitatif dengan menggunakan teknik wawancara. Penelitian dilaksanakan pada bulan Agustus - Desember 2019. Respondennya yaitu pengusaha pengolahan emping melinjo sebanyak 30 Orang. Analisa menggunakan metode deskripsi dan model bisnis kanvas. Hasil peneltian menunjukan bahwa bisnis pengolahan melinjo memiliki sementasi konsumen yaitu konsumen luas. Preposisi nilai yaitu berdasarkan kinerja dengan mengutamakan kualitas agar tetap eksis dari tahun ke tahun. Saluran menggunakan pemasaran langsung dan tidak langsung. Hubungan konsumen dengan cara berkomunikasi langsung antara konsumer dengan pengusaha. Aliran uang bisnis pengolahan melinjo dari penjualan produk. Aktivitas utama dengan melalukan aktivitas produksi dan pemasaran. Sumberdaya utama yaitu bahan baku, tenaga kerja dan pemasaran. Mitra utama dengan pengrajin, pengusaha kemasan dan distibutor. Struktur biaya meliputi biaya variabel dan tetap.Kata kunci: bisnis model kanvas, usaha kecil menengah, orientasi wirausahaAbstractThe development of the people's economy needs to be directed to encourage national change through the development of MSMEs. MSMEs melinjo chips is the center of the largest business unit in Batang Regency. So the business analysis that can be applied by entrepreneurs processing melinjo one of them is the canvas business model. The purpose of this research is to know the right business model analysis and analysis of entrepreneurial orientation. This type of research uses descriptive analysis with an entrepreneurial orientation approach and canvas business model. The research method used is quantitative using interview and discussion techniques. The research was conducted in August-December 2019. The respondent was 30 people. Analysis using canvas description methods and business models.  The results of the study show that melinjo processing business has customer segments namely mass customer. The value propositions are based on performance by prioritizing quality to remain exist from year to year. Channels use direct and indirect marketing. Customer relationship by communicating directly between consumers and entrepreneurs. Revenue streams the processing business from the sale of the product. Key activities by going through production and marketing activities. Key resources are raw materials, labor and marketing. Key partnership with craftsmen, packaging entrepreneurs and distibutors. Cost structure includes variable and fixed costs.Keyword: business model canvas, MSMEs, entrepreneurial orientation

Navigating the New Retail Landscape

2020 ◽  
Author(s):  
Alan Treadgold ◽  
Jonathan Reynolds
Keyword(s):  
Case Studies ◽  
Business Models ◽  
Retail Industry ◽  
Drivers Of Change ◽  
Economic Crises ◽  
Global Pandemic ◽  
Personal Leadership ◽  
Practical Guidance ◽  
The Impact ◽  
Rapid Emergence

The retail industry globally is in an era of profound, perhaps unprecedented, change, change which has been further accelerated for many by the impact of the COVID-19 global pandemic and its attendant health and economic crises. This book is intended to serve as a wide-ranging, robust, practical guide to leaders of enterprises tasked with understanding and delivering success in the new landscape of retailing. Part 1 describes the major directions and drivers of change that define the new global landscape of retailing. Accelerating changes in technology, the rise to prominence globally of internet enabled shoppers and the rapid emergence of entirely new retail enterprises and business models are combining to re-shape the very fundamentals of the retail industry. The new landscape of retailing is unforgiving: success can be achieved more quickly than ever before but failure is equally rapid. Opportunities in the new landscape of retailing are profound, but so too are the challenges. Part 2 discusses the structures, skills and capabilities that retail enterprises will need to be successful in this new landscape and the skills and capabilities required of the leaders of retail enterprises. More than 25 detailed case studies of innovative, successful enterprises internationally and more than one hundred smaller examples, all updated and many new since the first edition, are used to illustrate the themes discussed. Frameworks are presented to provide practical guidance for enterprise leaders to understand and contextualize the nature of change re-shaping retail landscapes globally. Clear guidance is given of the capabilities, skills and perspectives needed at both an enterprise and personal leadership level to deliver success in the new landscape of retailing.

scholarly journals Assessing asset monitoring levels for maintenance operations

2015 ◽  
Vol 26 (5) ◽  
pp. 632-659 ◽  
Author(s):  
Abdullah A Alabdulkarim ◽  
Peter Ball ◽  
Ashutosh Tiwari
Keyword(s):  
Asset Management ◽  
Business Models ◽  
Discrete Event ◽  
Dynamic Modelling ◽  
Simulation Models ◽  
Content Type ◽  
Event Simulation ◽  
Product Service ◽  
Asset Monitoring ◽  
The Impact

Purpose – Asset management has recently gained significance due to emerging business models such as Product Service Systems where the sale of asset use, rather than the sale of the asset itself, is applied. This leaves the responsibility of the maintenance tasks to fall on the shoulders of the manufacturer/supplier to provide high asset availability. The use of asset monitoring assists in providing high availability but the level of monitoring and maintenance needs to be assessed for cost effectiveness. There is a lack of available tools and understanding of their value in assessing monitoring levels. The paper aims to discuss these issues. Design/methodology/approach – This research aims to develop a dynamic modelling approach using Discrete Event Simulation (DES) to assess such maintenance systems in order to provide a better understanding of the behaviour of complex maintenance operations. Interviews were conducted and literature was analysed to gather modelling requirements. Generic models were created, followed by simulation models, to examine how maintenance operation systems behave regarding different levels of asset monitoring. Findings – This research indicates that DES discerns varying levels of complexity of maintenance operations but that more sophisticated asset monitoring levels will not necessarily result in a higher asset performance. The paper shows that it is possible to assess the impact of monitoring levels as well as make other changes to system operation that may be more or less effective. Practical implications – The proposed tool supports the maintenance operations decision makers to select the appropriate asset monitoring level that suits their operational needs. Originality/value – A novel DES approach was developed to assess asset monitoring levels for maintenance operations. In applying this quantitative approach, it was demonstrated that higher asset monitoring levels do not necessarily result in higher asset availability. The work provides a means of evaluating the constraints in the system that an asset is part of rather than focusing on the asset in isolation.

scholarly journals Exploring a circular business model: Insights from the institutional theory perspective and the business model lens

2021 ◽  
pp. 146575032110555
Author(s):  
Ufuk Alpsahin Cullen
Keyword(s):  
Business Model ◽  
Business Models ◽  
Value Systems ◽  
Business Modelling ◽  
Environmental Value ◽  
Value Cocreation ◽  
Business Profitability ◽  
Paradigmatic Change ◽  
Underlying Mechanisms ◽  
The Impact

Circular entrepreneurship is becoming a new, promising reality, in the manner of needed radical paradigmatic change in the era of Anthropocene. Circular entrepreneurs intend to create social and environmental value while they build financially viable businesses. They are embedded in multiple institutionalised value systems that they are expected to adhere to. Those institutionalised systems provide circular entrepreneurs with different, in many cases, contradictory norms, values and guiding principles. Substantial amount of research has been done to date to examine the impact of institutions on entrepreneurial endeavours. And yet, research lacks sufficient insights into how circular entrepreneurs engage with the institutional structures in designing business models on a financially feasible ground while creating social and environmental value. To address this, this paper investigates how circular entrepreneurs respond to the value systems of surrounding institutions in business modelling and how two fundamental aspects of embeddedness, namely resource integration and value cocreation, are achieved within a circular business model that is coherent in itself and with the entrepreneur's ambitions. Both the institutional context and the institutional logics surrounding entrepreneurs are examined to comprehend the surrounding institutional systems more in-depth and extensively. By analysing a longitudinal in-depth case study, this article aims to develop better insights into circular business modelling and underlying mechanisms of embeddedness. The case is a born-circular small cidermaker in Cornwall (UK), namely Wasted Apple. The findings show that the circular entrepreneur is surrounded by dominant normative institutions forming the principles of business model design. circular entrepreneurs mark fidelity to the institutional norms to obtain a range of microcompetencies and to manage integrated hybrid tensions within the value creation system. And therefore, a circular business model is a more holistic and inclusive structure as compared to a typical conventional linear business model. And yet, paradoxically embeddedness facilitates business survival but hinders strategic business planning as well as business profitability and growth.

“The Bott om Calling the Top”—The Selling of Funct ion (PSS) as a Business Model for Sust ainability, in Need of Some Ass ist ance from the Legislator

2021 ◽  
Vol 23 (2) ◽  
pp. 825-844
Author(s):  
Olle Karlsson ◽  
Jan Kellgren
Keyword(s):  
Business Model ◽  
Business Models ◽  
Economic Life ◽  
Service Systems ◽  
Bottom Up ◽  
Legal Scholar ◽  
Policy Issues ◽  
Product Service ◽  
New Business ◽  
Product Service Systems

When it comes to policy issues, a legal scholar would traditionally study sustainable taxation from a “top-down” perspective, thus focusing on the legislator and on rational ways to steer economic life in a more sustainable direction. Here, we start at another end—we think of it as “the bottom-calling-the-top” perspective—in order to highlight (1) a relatively new business model and its merits from a circular economy perspective, namely the so called Product Service Systems; (2) how this model faces initial problems regarding especially foreseeability and that it might therefore have problems making its breakthrough; and (3) thus might need help from the legislator. Business models typically emanate from economic life rather than from political discourse, hence the bottom-up perspective and the bottom-to-the-top expression. Within the “bottom-calling-the-top” perspective, the focus lies on the needs of the economic actors carrying out their business. This text will contribute to the integration of a “bottom-up” perspective into the sustainable taxation discussion, and we will illustrate how a proper dose of bottom-up perspective might contribute to a more viable discussion.

Sustainable Business Transformation in Supply Chains

Web Services ◽  
2019 ◽  
pp. 204-220
Author(s):  
Fawzy Soliman
Keyword(s):  
Cloud Computing ◽  
Supply Chains ◽  
Business Models ◽  
Modern Society ◽  
Cloud System ◽  
Sustainable Business ◽  
Business Transformation ◽  
Adoption And Implementation ◽  
Key Characteristics ◽  
The Impact

Cloud computing is a usage model that is characterised by five key characteristics, four deployment models and three service models. The drivers and disadvantages of the adoption and implementation of cloud computing are discussed. The topic is further discussed in relation to the impact of cloud computing on supply chains. The cloud technology has become an important invention in modern society. This chapter examines the benefits and risks brought by the cloud system. The chapter explores the possible changes during transformation that might result in the implementation of cloud systems in firms. The business models presented due to the implementation of cloud system are also illustrated in this chapter.

Digital Retail and How Customer-Centric Technology is Reshaping the Industry

2018 ◽  
pp. 1560-1580 ◽  
Author(s):  
Pablo Penas Franco
Keyword(s):  
Internet Of Things ◽  
Business Model ◽  
Business Models ◽  
Customer Experience ◽  
Retail Industry ◽  
Brick And Mortar ◽  
Digital Disruption ◽  
Cloud Technologies ◽  
The Impact

This chapter explains the digital disruption that has occurred and is still happening in the retail industry. It explains the relative positions of the world's leading retailers Wal-Mart, Amazon and Alibaba and the business models of the two top online competitors. It focuses on the impact of SMAC (Social, Mobile, Analytics and Cloud) technologies and new retail trends enabled or boosted by technology such as omni-channel, customer experience, internet of things (IoT) and analytics, fulfillment and delivery. It deepens into IT and business model customer-centric design, the role of the customer and the store in the new digital retail and finishes with an assessment of ROI in retail digitization. The chapter concludes the fundamental IT-enabled changes of digital disruption are critical for all players, traditional brick-and-mortar retailers, pure online players and those with both an online and an offline presence.

An Exploratory Study of the Impact of the Internet of Things (IoT) on Business Model Innovation

2017 ◽  
pp. 423-440
Author(s):  
In Lee
Keyword(s):  
Business Model ◽  
Significant Relationship ◽  
Business Models ◽  
Implementation Strategies ◽  
Fortune 500 ◽  
Business Model Innovation ◽  
Adoption Rate ◽  
Iot Applications ◽  
Fortune 500 Companies ◽  
The Impact

This paper introduces IoT categories used to build smart enterprises and discusses how Fortune 500 companies may use various IoT applications to innovate their business models. The authors' analysis reveals that there is a significant relationship between the type of IoT applications and the IoT adoption rate and there is also a significant relationship between the type of business model innovation and the IoT adoption rate. Finally, five implementation strategies for smart enterprise development are discussed.

Sign in / Sign up

Export Citation Format

Share Document