scholarly journals Digitalization – quo vadis?

2018 ◽  
Vol 44 ◽  
pp. 00056
Author(s):  
Juho Mäkiö ◽  
Andrey Miroliubov ◽  
Valeria Zhgun
Keyword(s):  
Business Models ◽  
Industrial Revolution ◽  
Global Business ◽  
Business Ecosystem ◽  
New Business ◽  
Modern Business ◽  
Quo Vadis ◽  
Insight Into ◽  
Future Business ◽  
Practical Recommendations

Digitalization is changing the global business ecosystem at an unimaginable speed. Although previous industrial revolutions took dozens of years to transform the existing markets, internet-based companies like Google, Amazon and Uber have done it in less than ten years. Business models in the nearest future – how will they look like? Where will the extensive process of the fourth industrial revolution take us? How will our role as entrepreneurs, managers or consumers change in the new business ecosystem? In this paper we consider the changes concerning the process of digitalization as the main prerequisites for transformation of business models. We combine them into three main aspects that influence modern business modeling approaches: technological, social and economic. This prospective gives insight into the way the future business models will look like and leads us to practical recommendations for companies to follow when digitizing their business.

scholarly journals Business Models in the Industry 4.0 Environment—Results of Web of Science Bibliometric Analysis

2022 ◽  
Vol 8 (1) ◽  
pp. 19
Author(s):  
Sandra Grabowska ◽  
Sebastian Saniuk
Keyword(s):  
Competitive Advantage ◽  
Bibliometric Analysis ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Strategic Thinking ◽  
Research Areas ◽  
New Business ◽  
Modern Business ◽  
Business Practitioners

The Fourth Industrial Revolution affects the operations of companies and results in new strategic thinking. The changes resulting from the requirements of Industry 4.0 force restructuring in many areas of management or the building of new business models. The aim of this article was to indicate the pillars that will form the basis for building business models of enterprises functioning in the era of Industry 4.0. The research methods used in this article were bibliometric analysis and analysis of the content of sophisticated publications. The results of this research are the analysis of the dynamics of publications in the area of business models in the era of Industry 4.0, an indication of the research areas undertaken in these publications and the identification of the pillars that will constitute the basis for building business models in the era of Industry 4.0. Business models in the era of Industry 4.0 are to be a method of increasing and using the company’s resources in order to achieve a competitive advantage through personalization of products and their new quality; their key competitive advantage will be a structure based on a network of cyber-physical cooperation. This article is dedicated to scientists and business practitioners looking for tips for building modern business models.

Taxation Policy Measures for E- Retailers

2016 ◽  
pp. 276-290
Author(s):  
Sana Moid
Keyword(s):  
Business Models ◽  
Problem Area ◽  
The Internet ◽  
Online Retail ◽  
Global Context ◽  
Taxation Policy ◽  
Digital Format ◽  
Online Retailers ◽  
New Business ◽  
Modern Business

The internet has already revolutionized many aspects of modern business and living and promises to bring even more radical future changes. In contrast, tax laws are normally slow to changing realities. It is anticipated that trade in tangible (physical) goods with e- commerce will not introduce problems. However, trade in intangible (electronic or digital) goods can be problematic because they will be difficult if not impossible to track. The chapter discusses the important concepts woven around the idea of taxing e tailing transactions and aims at coming up with a conclusion which will help further to determine the appropriate tax policies for e retailers keeping in mind the global framework. The chapter aims at discussing the concept of Internet Taxation, E- Retailing laws and regulations in Global Context. The chapter also discusses broad outlines relating to taxability of E Retailing transactions from VAT and CST angle under different scenarios and arguments in favor and against of taxing the e tailing transactions. The chapter also discusses important acts passed in different economies for taxing online retailers including Marketplace Fairness Act 2013 and Internet Tax Freedom Act. It is concluded by discussing the possible effects of the online retail tax. It could be argued that e- commerce for most part will not require new tax principles. Existing principles still apply only the old ways of doing things need to be digitized. The internet and e- commerce certainly does introduce some new business models and products that would not have been possible with old technology. And in some case, new laws may be required or old laws amended. Trade in intangibles or goods that are in digital format promises to be the main problem area.

Improved Global Competitiveness on the Basis of New Business Models Influenced by Dynamic Strategic Thinking

2020 ◽  
pp. 271-288
Author(s):  
Drago Dubrovski
Keyword(s):  
Business Models ◽  
Global Market ◽  
Strategic Thinking ◽  
Competitive Advantages ◽  
Current Crisis ◽  
Global Competitiveness ◽  
New Business ◽  
Modern Business ◽  
New Business Models ◽  
A Current

In modern business, dynamic changes in the environment (macro trends) provoke changes within the company. Companies can protect themselves from latent, acute crises. In addition, companies can navigate a turbulent environment while ensuring organizational existence and development. Organizational forms and characteristics, as well as business models to maintain or increase existence and create competitive advantages in the global market, are increasingly sought in a more creative manner. These actions are based on dynamic strategic thinking. Revolutionary methods are often required for the creation and adaptation of competitive business models. The data from companies that face a current crisis show a gap between the need to change business models and the introduction of adapted business models to achieve the desired level of competitiveness.

Industry 4.0 and Sustainability

2020 ◽  
pp. 67-84
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

Proactive Organizational Structure in Financial System

2015 ◽  
pp. 393-404
Author(s):  
Korhan Arun ◽  
Tekin Yenigün
Keyword(s):  
Structural Changes ◽  
Business Models ◽  
Success Factor ◽  
Operation System ◽  
Critical Success ◽  
Reactive Behavior ◽  
New Business ◽  
Modern Business ◽  
Service Sectors ◽  
New Business Models

Technology alters the structure of the systems in the finance and service sectors. Nevertheless, technology has been chancing operating systems and as a source to the emergence of new business models. The boundaries of departments in enterprises are weakened and disappeared, these changes give rise to the emergence of showing less commitment in the behavior of employees. In modern business the survival of the organizations does not seem possible, which see success in reactive behavior of the strategy-structure-interaction classical triple. Critical success factor is based foresight and proactivity in all areas of operations including organizing. In this chapter, enterprise organizations' financial departments and resulting changes of structures of the financial sector entities, the effects of this structural changes in the operation system with the new business models is discussed, the tips on how financial system's agencies and departments can fulfill the requirements of proactive nature revealed is studied.

Digital Transformation

2021 ◽  
pp. 16-31
Author(s):  
Chandra Sekhar Patro ◽  
K. Madhu Kishore Raghunath
Keyword(s):  
Business Models ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Product Reviews ◽  
Business Units ◽  
New Business ◽  
Modern Business ◽  
Business Enterprises ◽  
High Level ◽  
Effective Use

Digital transformation and innovative business models are enabling a high level of competition among business enterprises. The worldwide adoption of the internet and an increasing number of associated technologies have strengthened the digital transformation. Digital technologies allow the customers to co-create value by designing and customizing products, perform last-mile distribution activities, and help other customers by sharing product reviews. Digital transformation is an enterprise-wide phenomenon that leads to the development of new business. This is intrinsically linked to strategic changes in the business model as a result of the implementation of digital technologies models, which may be new to the focal business units or industry. The chapter articulates the influence of digital transformation on the performance of business enterprises in the competitive environment. It analyzes the barriers to the effective use of digital technologies and also the digital transference initiatives of modern business enterprises.

High Performance IT as Strategic Partner for HR Management

2010 ◽  
pp. 1871-1880
Author(s):  
Ferdinado Pennarola ◽  
Leonardo Caporarello
Keyword(s):  
High Performance ◽  
Business Models ◽  
Business Processes ◽  
Strategic Partner ◽  
Business World ◽  
Hr Management ◽  
New Business ◽  
Modern Business ◽  
Constant Growth ◽  
New Business Models

The constant growth of the role that information technology (IT) is playing in business today has led to the development of new business models and new business processes (Cline & Guynes, 2001). In the modern business world, characterized by such things as internationalization and cooperation between organizations from different industries, companies are faced with a great many challenges, including: The integration of data sources, applications, platforms, and businesses; The technological and organizational flexibility needed to respond efficiently to changes in the marketplace; The creation of systems that are reliable, robust, and flexible, and that are able to keep pace with the changing needs of their users; Product and service quality. As such, companies are increasingly recognizing the importance of effective IT management (Broadbent & Weill, 1997).

High Performance IT as Strategic Partner for HR Management

2009 ◽  
pp. 420-427
Author(s):  
Ferdinando Pennarola ◽  
Leonardo Caporarello
Keyword(s):  
High Performance ◽  
Business Models ◽  
Business Processes ◽  
Strategic Partner ◽  
Business World ◽  
Hr Management ◽  
New Business ◽  
Modern Business ◽  
Constant Growth ◽  
New Business Models

The constant growth of the role that information technology (IT) is playing in business today has led to the development of new business models and new business processes (Cline & Guynes, 2001). In the modern business world, characterized by such things as internationalization and cooperation between organizations from different industries, companies are faced with a great many challenges, including: The integration of data sources, applications, platforms, and businesses; The technological and organizational flexibility needed to respond efficiently to changes in the marketplace; The creation of systems that are reliable, robust, and flexible, and that are able to keep pace with the changing needs of their users; Product and service quality. As such, companies are increasingly recognizing the importance of effective IT management (Broadbent & Weill, 1997).

Modeling with System Archetypes

2011 ◽  
pp. 249-262
Author(s):  
Mahendran Maliapen
Keyword(s):  
Strategic Behavior ◽  
Business Models ◽  
Real Life ◽  
Simulation Models ◽  
Software Applications ◽  
New Business ◽  
Patterns Of Behavior ◽  
System Archetypes ◽  
Insight Into ◽  
Gaining Insight

This chapter examines the application of system archetypes as a systems development methodology to create simulation models. Rapid organizational change and need to adapt to new business models limits the lifespan of both the databases and software applications. With the information representation permitted by archetypes, diagnostic analysis and can help to evolve generic classes and models for representing the real world. Archetypes do not describe any one problem specifically. They describe families of problems generically. Their value comes from the insights they offer into the dynamic interaction of complex systems. The case of a healthcare system is discussed here. As part of a suite of tools, they are extremely valuable in developing broad understandings about the hospital and its environment, and contribute more effectively to understanding problems. They are highly effective tools for gaining insight into patterns of strategic behavior, themselves reflective of the underlying structure of the system being studied. Diagnostically, archetypes help hospital managers recognize patterns of behavior that are already present in their organizations. They serve as the means for gaining insight into the underlying systems structures from which the archetypal behavior emerges. In the casemix model of the hospital, the investigation team discovered that some of the phenomena as described by these generic archetypes could be represented. The application of system archetypes to the strategic business analysis of the hospital case reveals that it is possible to identify loop holes in management’s strategic thinking processes and it is possible to defy these fallacies during policy implementation as illustrated by the results of the archetype simulation model. In this research study, hospital executives found that policy modification with slight variable changes helps to avoid such pitfalls in systems thinking and avoid potentially cost prohibitive learning had these policies been implemented in real life.

The Political Calculus of Capital: Banking and the Business Class in Prussia, 1848–1856

1992 ◽  
Vol 25 (2) ◽  
pp. 149-176 ◽  
Author(s):  
James M. Brophy
Keyword(s):  
Large Scale ◽  
Industrial Revolution ◽  
Investment Banks ◽  
Water Steam ◽  
Modern Capitalism ◽  
Start Up ◽  
New Business ◽  
Modern Business ◽  
Revolution Of 1848

The emergence of commercial investment banks after the revolution of 1848 was an institutional breakthrough for modern capitalism and one of the central factors in the accelerated development of the Industrial Revolution in Germany between 1848 and 1871. The accumulation and mobilization of capital in concentrated and accessible forms was indispensable for underking such large-scale projects as railroads, coal mines, and iron works. Long-term promotional loans that enabled entrepreneurs to start up new business became a self-evident necessity in the growth of modern business. As one bank director noted, “capital, more than water, steam, or electricity, put the machines into motion.”

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