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.

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.

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 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 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.

A multidimensional platform ecosystem framework

Kybernetes ◽  
2020 ◽  
Vol 49 (7) ◽  
pp. 2003-2035
Author(s):  
Sergey Yablonsky
Keyword(s):  
Business Models ◽  
Economic Value ◽  
Levels Of Analysis ◽  
Future Research ◽  
Content Type ◽  
Integrative Framework ◽  
Formal Taxonomy ◽  
Platform Ecosystems ◽  
Platforms And Ecosystems ◽  
Different Levels

Purpose Ecosystems that support digital businesses maximize the economic value of network connections. This forces a shift toward platforms and ecosystems that are collaborative by nature by applying business models with multiple actors playing multiple roles. The purpose of this study is to show how the main concepts emerging from research on digital platform ecosystems (DPEs) could be organized in a taxonomy-based framework with different levels or dimensions of analysis. This study discusses some of the contingencies at these different levels and argues that future research needs to study DPEs across multiple levels of analysis. While this integrative framework allows the comparison, contrast and integration of various perspectives at different levels of analysis, further theorizing will be needed to advance the DPE research. The multidimensional framework proposed here involves the use of a multimethodological approach that incorporates a synergy of businesses, technological innovations and management methods to provide support for research in interrelationships across platform ecosystems (PEs) on a regular basis. Design/methodology/approach This paper proposes a new PE framework by constructing a formal taxonomy model that explains a vast group of phenomena produced by the PEs. Findings In addition to illustrating the PE taxonomy framework, this study also proposes a clear and precise description and structuring of the information in the ecosystem domain. The PE framework assists in identification, creation, assessment and disclosure research of platform business ecosystems. Research limitations/implications Because of the large number of taxonomy concepts (over 200), only main taxonomy fragments are shown in the paper. Practical implications The outcomes of this research could be used for planning, oversight and control over ecosystem management and the use of ecosystem’s knowledge-related resources for research purposes. Originality/value The PE framework is original and represents an effective tool for observing PEs.

scholarly journals AI and Data Democratisation for Intelligent Energy Management

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4341
Author(s):  
Vangelis Marinakis ◽  
Themistoklis Koutsellis ◽  
Alexandros Nikas ◽  
Haris Doukas
Keyword(s):  
Data Sharing ◽  
Energy Management ◽  
Business Models ◽  
Data Access ◽  
Energy Sector ◽  
Regulatory Constraints ◽  
Access Problems ◽  
Near Term ◽  
The Right ◽  
Novel Applications

Despite the large number of technology-intensive organisations, their corporate know-how and underlying workforce skill are not mature enough for a successful rollout of Artificial Intelligence (AI) services in the near-term. However, things have started to change, owing to the increased adoption of data democratisation processes, and the capability offered by emerging technologies for data sharing while respecting privacy, protection, and security, as well as appropriate learning-based modelling capabilities for non-expert end-users. This is particularly evident in the energy sector. In this context, the aim of this paper is to analyse AI and data democratisation, in order to explore the strengths and challenges in terms of data access problems and data sharing, algorithmic bias, AI transparency, privacy and other regulatory constraints for AI-based decisions, as well as novel applications in different domains, giving particular emphasis on the energy sector. A data democratisation framework for intelligent energy management is presented. In doing so, it highlights the need for the democratisation of data and analytics in the energy sector, toward making data available for the right people at the right time, allowing them to make the right decisions, and eventually facilitating the adoption of decentralised, decarbonised, and democratised energy business models.

Electronic Collaboration in Organizations

Crowdsourcing ◽  
2019 ◽  
pp. 978-989
Author(s):  
William Dario Avila Diaz
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Electronic Media ◽  
Digital Economy ◽  
Online Collaboration ◽  
Electronic Collaboration ◽  
New Business ◽  
Different Levels ◽  
New Business Models

Electronic collaboration was born with the new technologies, which establish a more harmonious balance of organizations in an increasingly global, open and competitive digital economy, called, nowadays, “the economy of the crowds”. This economy has caused changes in the organizations of the century, as new administrative principles. In this context, organizations use new business models to achieve its objectives to a meager cost. Similarly, they have managed the integration of different levels and optimizing performance of the entire organization together through electronic media and online collaboration. This work shows the areas of the different levels and forms of organizational electronic collaboration.

scholarly journals Strategic Development of Product-Service Systems (PSS) through Archetype Assessment

2021 ◽  
Vol 13 (5) ◽  
pp. 2592
Author(s):  
Trine Brink Frederiksen ◽  
Marina P. P. Pieroni ◽  
Daniela C. A. Pigosso ◽  
Tim C. McAloone
Keyword(s):  
Business Models ◽  
Service Systems ◽  
Tool Support ◽  
Manufacturing Companies ◽  
Strategic Development ◽  
Initial Development ◽  
Product Service ◽  
Supporting Tool ◽  
Product Service Systems ◽  
Different Levels

Product-service systems (PSS) enable product-oriented manufacturing companies to differentiate their offerings and become more competitive, while creating more value for customers along with improved economic performance and, in some cases, reduced environmental impact. However, PSS development remains difficult for manufacturing companies due to limited prior knowledge about PSS and the strategic characteristics it entails. To guide the PSS development process, this paper presents a prescriptive approach composed of a tool and a method based on the use of PSS archetypes in the initial development stages of new PSS business models (BM). The proposed tool builds upon three PSS archetypes, combined with 10 factors for assessment of the best suiting archetype. The proposed method and supporting tool guide companies in five steps, from the beginning of a servitisation process to the initial PSS development. Based on an evaluation with a Danish manufacturing company, an improved version of the method and tool was developed and applied with 60 students specialised in PSS development. Results from the evaluation indicate that the method and tool support scoping new PSS BM through the selection and modification of a PSS archetype, encouraging servitisation and PSS development in companies with different levels of PSS experience.

Stakeholder interaction for sustainability in seaports. Analysing the implementation and its linkages to overarching interaction efforts

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lea Fobbe ◽  
Per Hilletofth
Keyword(s):  
Design Methodology ◽  
Business Models ◽  
Content Type ◽  
The Sustainable Development ◽  
Sustainability Performance ◽  
Stakeholder Groups ◽  
Stakeholder Interaction ◽  
Management Literature ◽  
Sustainability Reports ◽  
Different Levels

Purpose This study aims to analyse how and to what extent stakeholder interaction for sustainability is implemented in organisations and the linkages to the overarching interaction efforts. Design/methodology/approach This study was conducted in the context of seaports. To examine interaction activities with stakeholders for sustainability and how they are implemented, the study uses content analysis of sustainability reports. Findings The results show that the majority of ports recognise the importance of stakeholder interaction to create value and guide organisational sustainability; however, it is implemented to varying levels and degrees, which affects the form and extent of the overarching interaction efforts. The paper proposes four categories of implementing stakeholder interaction, showing the linkages to the number of stakeholder groups involved, sustainability dimensions covered and interaction approaches used. Originality/value This paper contributes to sustainability, stakeholder and management literature by highlighting different levels of implementation of stakeholder interaction for sustainability and its linkages to overarching efforts that may affect the sustainable development of an organisation. The results of this study provide a better understanding of stakeholder interaction within organisational sustainability approaches and implementation in sustainability-oriented business models. As organisations seek to increase their sustainability performance, these insights may be useful for both academia and practice.

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