scholarly journals Impact of Global Changes of the Pandemic Crisis on Business Models of Transport Companies

2021 ◽  
Vol 92 ◽  
pp. 01058
Author(s):  
Natalia Zhuravleva ◽  
Liana Chechenova
Keyword(s):  
Business Model ◽  
Coming Out ◽  
Business Models ◽  
Value Added ◽  
Global Market ◽  
Commodity Markets ◽  
Transport Sector ◽  
Global Changes ◽  
Transport Services ◽  
The Impact

Research background: The coming period of the world economy coming out of the pandemic crisis will seriously change the situation in the cargo and passenger segment. According to the assessment of the current situation, in the global market there is a violation of the usual ties between producers and consumers, an imbalance in transport flows associated with changes in demand. At the same time, in a crisis, rail transport is the main tool, since a significant amount of anti-epidemic protective equipment from China was transported by trains. It is clear that in the near future the dynamics of the market depends, first of all, on the further development of events and measures of state support for industries and businesses. Purpose of the article: The purpose of this research is to score the factors of the post-crisis state of transport sector: alterations in the gravity of commodity markets, modifications of valuable preferences assessment of the shipper and the passenger, that change the business model of transport companies. Methods: Standard methods of scientific research are used: theoretical and experimental; complex methods of analysis and evaluation of business models: a complex scheme for developing a business model, a canvas and a conceptual scheme of a business model; methods of qualitative data analysis. Findings & Value added: Factors changing the transport business model are systematized. The research estimates a change probability in the gravity of commodity markets towards Asian countries, the consequences of the influence of digital technology on the efficiency of the transport business and the shift in the value of transport services in the line of high speeds. It shows the impact of the post-pandemic economy, which has formed new habits, passenger behavior on passenger companies’ operations. The research justified crisis effects resulting in the deterioration of the competition in the transport markets.

scholarly journals The ways of business digitalization in global corporations

2021 ◽  
Vol 92 ◽  
pp. 05027
Author(s):  
Vladimir Tretyak ◽  
Maria Lyakina ◽  
Elena Volkova
Keyword(s):  
Business Model ◽  
Business Models ◽  
Digital Technologies ◽  
Value Added ◽  
Global Market ◽  
Company Strategy ◽  
New Business ◽  
Global Corporations ◽  
Smart Technologies ◽  
And Behavior

Research background: Under the conditions of post-industrial economy, market subjects tend to use digital technologies more intensively. Many authors define digital technologies as innovation, describe possibilities of automatization and try to find out some limitations of smart technologies implementation. In this research, we consider that Industry 4.0 and digital technologies can transform traditional business model radically. That is why, it is very important to highlight the ways of digitalization in business and to justify the choice of the most effective smart technologies during the period of business transformation. Purpose of the article: to highlight the local ways of digitalization in global corporations and to discover the most effective ones among them. Methods: in this research, we run comparative analysis of new business models using recent articles in scientific journals and empirical evidence from open sources. Also, we use the results of expert assessments based on depth-in interviews. Findings & Value added: the most perspective ways of digitalization in global corporations are highlighted: digital automatization implementation, during which the existent process in traditional business model is digitized; new IT service appearance, that improves the traditional business model; digital transformation of traditional business model into the new one with a digital platform core. A visual model of monitoring the digitalization process within the company is proposed. It is proved that smart technologies can transform business model radically. These technologies affect the structure of companies’ supply and can change market structure (including global market) through active company strategy and behavior.

scholarly journals EVOLUTION OF DIRECT FOREIGN INVESTMENT IN DIGITAL ECONOMY

2019 ◽  
pp. 63-72
Author(s):  
Volodymyr Shevchenko ◽  
Maryna Oproshchenko
Keyword(s):  
Business Models ◽  
System Analysis ◽  
Market Competition ◽  
Value Added ◽  
Direct Foreign Investment ◽  
Digital Economy ◽  
Global Market ◽  
Investment Strategies ◽  
Light Production ◽  
The Impact

Effects of digital economy on the forms and stimuli of foreign direct investment are examined. Since digitalization is becoming the underlying basis of a fundamentally new technological structure for economic processes, it shifts business models, strategies and decisions on international activity and foreign expansion. Digital economy disrupted conventional industries and interaction between market participants. The purpose of the article is the generalization of the theoretical foundations of digitalization as a factor in the evolution of FDI and assessment of modification of their forms at the macro and macro levels. Methodological basis of the study are general scientific tools (system analysis, deduction and induction), as well as special economic methods (statistical and correlation-regression analysis). Investment strategies of digital companies and the impact of digital economy on firms in inherently non-digital industries are disclosed. The role of digitalization for global market competition and the corresponding changes in investment strategies are revealed. Digitized firms obtain competitive advantages resulting from cost effectiveness, asset-light production and organization models and agility, which entails the surge of their market power and affects their investment activity.The study argues that the extent of digital penetration in household and business use, combined with FDI into digital sector, determine the scope of digital economy, which equals the share of the domestic value added generated by digitalized firms. Such companies have digitalization influence their investment decisions and strategies, mainly in more digitalized developed economies. Recommendations for investment policy of economic agents at the micro and macro levels, with regard of digitalization factor, are justified.

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.

scholarly journals The impact of globalization on transport investment

2021 ◽  
Vol 129 ◽  
pp. 11002
Author(s):  
Florin Dobre ◽  
Valentin Pauna ◽  
Alexandru Cristian Vasilescu ◽  
Ovidiu Andrei Cristian Buzoianu
Keyword(s):  
Economic Impact ◽  
Public Funding ◽  
Sufficient Conditions ◽  
Value Added ◽  
Transport Infrastructure ◽  
Transport Systems ◽  
Transport Sector ◽  
European Level ◽  
Gradual Development ◽  
The Impact

Research background: The economic impact of investing in new transport capacity or improving existing ones is complex and often indirect. Loans for infrastructure are often needed, but they cannot create sufficient conditions for economic growth. Investments in transport infrastructure require public funding. An assessment of their cost-effectiveness is needed to ensure a reasonable and acceptable allocation. Relevant economic, environmental and social effects must be taken into account. There is a growing concern in the transport sector about decisions on the development of the transport system and the effects of scale and externalities they produce. Planners and decision-makers need to know more about the wider economic impact of individual infrastructure projects and transport policies in general. Purpose of the article: This paper aims to present the most important theoretical and practical aspects of the importance of transport investment worldwide, at European level and Romania. Investments in transport infrastructure will not improve the economic vitality of a region unless it has sufficient economic capacity and employment, land use and economic development policies. Methods: This article starts from the hypothesis of the influence of globalization on the development of transport systems in general and applies as a case study on Romania. The paper was based on the analysis of transport legislation, as well as data sets for the period 2011-2019, to observe the gradual development of all types of transport. Findings & Value added: Following these researches, the link between globalization and investments in transport systems was found by emphasizing accessibility to new infrastructures, new horizons and development plans for the main types of transport, which is a key element in economic activity. The main results were disseminated throughout the article and it adds value through the analysis created at global and regional level (at European level) and the interpretation of statistical data related to transport investments.

scholarly journals Transport support for the processes of globalization in Russia

2021 ◽  
Vol 129 ◽  
pp. 11008
Author(s):  
Viktor Podsorin ◽  
Elena Ovsiannikova
Keyword(s):  
Value Added ◽  
Commodity Markets ◽  
Additive Models ◽  
Transport Infrastructure ◽  
Traditional Research ◽  
The World ◽  
World Economic ◽  
Transport Complex ◽  
The Impact ◽  
Transport Potential

Research background: Despite the sanctions pressure, consequences of the pandemic coronavirus infection COVID-19 and other non-economic factors, the study of the impact of globalization processes on the country’s economy comes to the fore today, as Russia is one of the key elements of the world economic system in these difficult conditions. The dynamics of world commodity markets influence the internal economic processes of the country. The authors conclude that the processes of globalization through the influence of the world commodity markets have a significant impact on the capabilities of Russia’s transport complex and require the development of its transport potential on the principles of economic growth. Purpose of the article: Determination of the impact of globalization processes on the renewal of the transport potential of Russia on the basis of a comprehensive assessment of the economic situation. Methods: To conduct the study, we used statistical reporting. Along with traditional research methods (analysis, synthesis, classification), additive models were used to form an index of transport market conditions, which allowed us to identify statistically significant determinants that allow us to determine the main directions of development of Russia’s transport potential in the context of increasing globalization processes. Findings & Value added: The results show that the most significant trends in the development of Russia’s transport potential are determined by globalization processes and require their consideration when developing measures to upgrade and modernize the country’s transport infrastructure. The developed conceptual model for assessing the impact of world commodity markets in the context of globalization of economic processes on the development of the country’s transport system contributes to the development of tools to increase the transportation of both transit and export-import cargo.

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.

What Has Not Changed

2019 ◽  
pp. 209-239
Author(s):  
Huw Macartney
Keyword(s):  
Financial Crisis ◽  
Business Models ◽  
Banking Sector ◽  
Value Added ◽  
Financial Sector ◽  
Quantitative Easing ◽  
The Real ◽  
Anglo American ◽  
The Impact

This chapter begins by explaining that financialization since the financial crisis has continued. The chapter then shows how the real culture of banking has not changed as a result. It examines the business models of the largest Anglo-American banks and the impact of Quantitative Easing to show the disconnect between the banks and their respective economies. It then examines rising household indebtedness, and the lending practices of the banks that exploit the heavily indebted. Finally it explores pay in the financial sector, showing that fixed and variable remuneration remain out of proportion to the value-added of the banking sector, and disproportionately high compared to pay in most other sectors. The conclusion we should draw is that bank culture has actually changed very little.

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.

Electronic Business Models Design for Public-Private Partnerships

2011 ◽  
pp. 615-623
Author(s):  
E. Loukis
Keyword(s):  
Private Sector ◽  
Cultural Heritage ◽  
Business Model ◽  
Public Services ◽  
Business Models ◽  
Public Information ◽  
Value Added ◽  
Public Private Partnerships ◽  
The Internet ◽  
The Public

Public-private partnerships (PPPs) provide an alternative model for producing and delivering public services, both the traditional public services and the electronic ones (i.e., the ones delivered through electronic channels, such as the Internet or other fixed or mobile network infrastructures; Aichholzer, 2004; Andersen, 2003; Broadbend & Laughlin, 2003; Jamali, 2004; Lutz & Moukabary, 2004; McHenry & Borisov, 2005; Nijkamp, Van der Burch, & Vidigni, 2002; Spackman, 2002; Wettenhall, 2003). The basic concept of the PPP model is that the public and the private sectors have different resources and strengths, so in many cases, by combining them, public services can be produced and delivered more economically and at higher quality. In this direction, a PPP is a medium to a long-term relationship between public organizations and private-sector companies, involving the utilization of resources, skills, expertise, and finance from both the public and the private sectors, and also the sharing of risks and rewards in order to produce some services, infrastructure, or other desired useful outcomes for the citizens and/or the businesses. Information and communication technologies, and in particular the Internet and WWW (World Wide Web) technologies, have opened a new window of opportunity for a new generation of PPPs for offering new electronic public services in various domains, for example, for developing and operating public information portals (Andersen, 2003), electronic transactions services (Lutz & Moukabary, 2004), electronic payment services (McHenry & Borisov, 2005), value-added services based on public-sector information assets (Aichholzer, 2004), and so forth. However, before such a new service is developed, it is of critical importance to design systematically and rationally its business model, which, according to Magretta (2002), incorporates the underlying economic logic that explains how value is delivered to customers at an appropriate cost and how revenues are generated. Vickers (2000) argues that most of the failures of e-ventures (also referred to as dot-coms) are due to the lack of a sound business model or due to a flawed business model. However, most of the research that has been conducted in the area of e-business models is dealing mainly with the description and abstraction of new emerging e-business models, the development of e-business-models classification schemes, and the clarification of the definition and the components of the business model concept, as described in more detail in the next section. On the contrary, quite limited is the research on e-business-models design methods despite its apparent usefulness and significance; moreover, this limited research is focused on private-sector e-business models. No research has been conducted on the design of PPP business models for offering electronic services. In the next section of this article, the background concerning PPPs and e-business-models research is briefly reviewed. Then a new framework for the design of e-business models is presented, which has been customized for the design of PPP business models for offering electronic services. Next, the above framework is applied for the design of a PPP business model for the electronic provision of cultural-heritage education for the project E-Learning Resource Management Service for the Interoperability Network in the European Cultural Heritage Domain (ERMIONE) of the eTEN Programme of the European Union (Grant Agreement C517357/2005). Finally, the future trends and the conclusions are outlined.

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

2016 ◽  
Vol 7 (3) ◽  
pp. 1-15 ◽  
Author(s):  
In Lee
Keyword(s):  
Business Model ◽  
Significant Relationship ◽  
Business Models ◽  
Implementation Strategies ◽  
Business Model Innovation ◽  
Adoption Rate ◽  
Iot Applications ◽  
Fortune 500 Companies ◽  
The Impact ◽  
The Internet Of Things

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.

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