scholarly journals Executing a business model change: identifying key characteristics to succeed in volatile markets

2021 ◽  
Author(s):  
Sebastian Allegretti ◽  
Sven Seidenstricker ◽  
Heiko Fischer ◽  
Sefkan Arslan
Keyword(s):  
Business Model ◽  
Change Process ◽  
New Technologies ◽  
New Product ◽  
Content Provider ◽  
Key Characteristics ◽  
The World ◽  
Market Opportunities ◽  
A Company

AbstractThe world is changing, and with it comes the requirement that enterprises change to survive in today's volatile markets. However, the change does not just include launching a new product on the market but also changing the business model of the whole organisation. To sustain in today's fast-changing markets, companies have to detect new market opportunities on time, assess them and find a way to incorporate the most beneficial opportunities into their business. Without this awareness that a company must change with the changing market, it risks losing its significance in the market. Both the change of the business model and the change of the organisation are needed to succeed in the market. An outstanding example of such a company is Netflix. They have successfully changed their business model twice: first, from an online-DVD-rental service to a streaming provider and then, to a content provider. They were aware of upcoming new technologies on-time, evaluated them and planned the implementation in the market while the old technology was still profitable. The present work outlines the major changes in Netflix's business model and how they managed the change process successfully.

scholarly journals THE WORLD DEVELOPMENT OF THE DIGITAL ECONOMY: THE MAIN DEVELOPMENT STRATAGEMS

2021 ◽  
Vol 2 (1) ◽  
pp. 91-96
Author(s):  
Olena Taranukha
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Technologies ◽  
Technology Development ◽  
Well Being ◽  
Digital Economy ◽  
The Other ◽  
Innovative Solutions ◽  
The World ◽  
New Business

The digital economy allows to compose the new business models, digital platforms and services, which create new types of economic activity, as well as the transformation of traditional industries. Due to the industries transformation to the digital economy there is the transformation of the world economy, or rather the economy itself is being digitized The purpose of the paper is to reveal the essence and features of the digital economy formation and to consider what significant transformations will take place in the world by the analysis of major trends in the near future. Accumulating all the concepts, we can say that the digital economy is the rather complex term, but we can assume that its development is based on the key components According to forecast estimates, the most advanced retail companies will begin implementing the service of virtual and voice search of goods by 2022. This will require from the company the better understanding of the consumers wishes, their interests and intentions. Consider the main technological development trends for 2020-2025 based on the data of the major consulting agencies and the consulting company "Cartner" Figure 2 shows the forecast curve of the new technologies development. Innovative development triggers that will actively influence the technology development include the following: the Authenticated Provenance, Low-Cost Single Board Computers at the Edge, Self-Supervised Learning, BMI (Brain Machine Interface), active development of "Packaged Business Capabilities" services, Digital Twin of the Person and Composible Enterprises. The peak of disappointments will be Social Distancing Technologies and Secure Access Service. The source of expectations will be the development of Carbon-Based transistors technology and Human digital Ontologies. The formation of a productivity platform will be based on trends in Self-Development and Self-Education. Digital IT trends grow, evolve and acquire new properties of social technologies that can influence the structure of the community, form dependencies and demand. Therefore, companies, large corporations and government need to move to more flexible composite business architectures. The modular business model is based on four basic principles: modularity, efficiency, continuous improvement and adaptive innovation. This business model allows to move from rigid traditional planning to a flexible response to rapidly changing business needs. In general, it creates opportunities for innovative approaches, reduces costs and improves partnerships. It is important to pay attention to the other technologies in the new business model such as bundled business services, data factories, private 5G networks and embedded artificial intelligence. Thus, as a result of the research it is proved that the digital world is a completely new order of life, which requires to change our thinking. The person should be always focused on the new technologies and methods in order the enterprises remain competitive and constantly developed, it will promote the economy development and the growth of well-being of the society. So, taking into account the global trends in technology development, Ukraine has to adapt to the new standards quickly and implement innovative solutions for the economic development. The digitalization of the economy, on the one hand, is the key to economic success, on the other hand, it is the driving force in the conditions of the conceptual understanding of the digital economy essence. The growth of the quality and innovation level of domestic goods and services should provide not only sustainable economic growth, but also competitive advantages with further integration into the EU. At the same time, there is the relevant need of the scientific and technological research, the formation of a certain business ("digital") culture, the implementation of smart city ideas in Ukraine based on the development of local communities and the emergence of new initiatives and proposals for innovative solutions.

eBay

2010 ◽  
pp. 126-139
Author(s):  
Zhongxian Wang ◽  
James Yao ◽  
Ruiliang Yan ◽  
Jeffrey Hsu
Keyword(s):  
Business Model ◽  
New Technologies ◽  
Online Communication ◽  
Goods And Services ◽  
Online Marketplaces ◽  
Corporate Growth ◽  
The World ◽  
Management Problems ◽  
Corporate Business

eBay provides online marketplaces for the sale of goods and services, online payments, and online communication offerings. Their three primary business segments are: eBay Marketplaces, Payments, and Communications. The Marketplace platform has grown beyond the initial auction platform to include Rent.com, Shopping.com, Kijiji, Craigslist, mobile.de, and Marketplaats.nl. PayPal enables individuals and businesses to easily and securely transact payments. The overgrowth of eBay may have brought about the management problems in a young company that grows so fast. As the eighth largest global retailer, eBay’s mission is to pioneer new communities around the world built on commerce, sustained by trust, and inspired by opportunity. Their ability to maintain or enhance this position will depend on their ability to adapt to new technologies while facing increased competition and anticipating customers’ needs. This chapter will address management’s philosophies, the corporate business model, its challenges, and network relationships, and examine corporate growth to date as well as future horizons.

The Organization as a Prototype

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Niya STOIMENOVA ◽  
Christine DE LILLE ◽  
Sander STOMPH
Keyword(s):  
Action Research ◽  
Organizational Structure ◽  
Business Model ◽  
New Technologies ◽  
Business Model Innovation ◽  
The World ◽  
Initial Framework ◽  
Do So

Some of the most valuable companies in the world accumulated their fortunes as a result of a business model innovation built upon matured technologies. Now the majority of them are investing and shifting their focus to the development of new technologies such as AI, blockchain and genetic editing. If an organization is to remain profitable, it needs to be able to quickly adjust its structure to the rapidly changing context. We contend that a way to do so is to build an organizational structure that is conductive to both generative and evaluative prototypes. We report on our action research with a leading European airline following the transformation of a team of four into a new department, through the lenses of continuous prototyping. We then propose an initial framework that conceptualises organizational prototypes and provides a rational and systematic way of approaching the devising of such. Finally, we outline several directions for further research.

scholarly journals PRAKTIK JUAL BELI SAHAM SYARI’AH PERSPEKTIF HUKUM ISLAM

2018 ◽  
Vol 5 (1) ◽  
Author(s):  
Ahmad Faqih
Keyword(s):  
Capital Market ◽  
Financial Services ◽  
Financial Management ◽  
Islamic Law ◽  
New Product ◽  
The World ◽  
Islamic Religion ◽  
A Company ◽  
Good Standard ◽  
Selection Of

AbstrakSaham syari’ah sebagai sebuah instrumen keuangan Islam merupakan produk baru dalam dunia ekonomi Islam. Perusahaan-perusahaan yang hendak menerbitkan saham harus melalui seleksi syari’ah yang dilakukan oleh Otoritas Jasa Keuangan bersama Dewan Syari’ah Nasional. Seleksi tersebut meliputi bentuk usaha, produksi perusahaan, maupun pengelolaan keuangan. Apabila bentuk usaha dari suatu perusahaan dinilai bertentangan dengan prinsip-prinsip syari’ah, maka saham dari perusahaan tersebut pun tidak termasuk saham syari’ah. Para ‘ulama, dalam hal ini Dewan Syari’ah Nasional-Majelis Ulama Indonesia (DSN-MUI) mengeluarkan fatwa tentang prinsip-prinsip syari’ah yang harus diterapkan dalam jual beli saham syari’ah.            Seiring dengan perkembangan saham syari’ah ini, PT Phintraco Securities yang merupakan salah satu broker/pialang saham, telah mendapat sertifikat dari Dewan Syari’ah Nasional (DSN-MUI) untuk menjalankan praktik jual beli saham syari’ah dipasar modal syari’ah. PT Phintraco Securities sendiri sudah memiliki aplikasi yang mendukung bagi para investor untuk melakukan transaksi saham syari’ah secara online. Dalam praktiknya, PT Phintraco Securities mengenakan kepada para nasabahnya biaya upah atas penyediaan layanan tersebut yang kemudian disebut Ujroh. Dengan adanya aplikasi ini, praktik-praktik yang bertentangan dengan prinsip syari’ah dapat dikontrol. Karena aplikasi ini memiliki sistem Auto Rejact dan membatalkan otomoatis setiap transaksi yang dianggap merugikan pihak lain.            Dalam sudut pandang agama Islam berdasarkan analisis yang telah kami lakukan, menghasilkan kesimpulan bahwa praktik jual beli saham syari’ah di PT Phintraco Securities sudah sesuai dengan apa yang dijadikan standar baik menurut Alqur’an, Alhadits, Ijma’ para ‘ulama maupun undang-undang yang berlaku di IndonesiaKata Kunci : Praktik Jual Beli Saham Syari’ah, Saham Syari’ah, Hukum Islam   AbstractShariah shares as an Islamic financial instrument is a new product in the world of Islamic economics. Companies that want to issue shares must be through the selection of shariah conducted by the Financial Services Authority along with the National Shari'ah Council. Selection includes the form of business, company production, and financial management. If the form of business of a company is considered contrary to the principles of shari'ah, then the shares of the company also does not include Shari'ah shares. The 'ulama, in this case the National Shari'ah Council-Majelis Ulama Indonesia (DSN-MUI) issued a fatwa on the principles of shari'ah that should be applied in the sale and purchase of Shariah shares.            Along with the development of Shari'ah shares, PT Phintraco Securities which is one of the brokers / sharebrokers, has been certified by the National Shari'ah Board (DSN-MUI) to practice the sale and purchase of syari'ah shares in the syari'ah capital market. PT Phintraco Securities itself already has a supporting application for investors to conduct stock transactions shari'ah online. In practice, PT Phintraco Securities charges its customers with wage fees for the provision of the service, which Ujroh later called. With this application, practices that are contrary to Shariah principles can be controlled. Because this application has an Auto Rejact system and cancel any otomoatis transactions that are considered harmful to other parties.In the viewpoint of Islamic religion based on analysis we have done, the conclusion that practice of buying and selling Shari'ah shares in PT Phintraco Securities is in accordance with what is used as a good standard according to Alqur'an, Alhadits, Ijma 'para' ulama or law applicable in IndonesiaKeywords: practice of shari'ah share buy and sell, shari'ah share, Islamic Law.

scholarly journals Determination of the Level of Products Novelty Importance for Developing Product Innovative Policy

2021 ◽  
Vol 24 (8) ◽  
pp. 66-80
Author(s):  
Iryna Fedulova ◽  
Olena Dragan ◽  
Oleh Sheremet ◽  
Yulia Vasyutynska ◽  
Alina Berher
Keyword(s):  
Development Strategy ◽  
New Technologies ◽  
New Product ◽  
Product Range ◽  
Level Of Use ◽  
Order Preference ◽  
Market Opportunities ◽  
Level Of Significance ◽  
Topsis Technique

To substantiate the range of products of the enterprise there is a need to assess the potential of products in terms of the company’s ability to manufacture these products, consumer opportunities to meet their needs for these products, and market opportunities to ensure a strategic position among similar products. The study used structural-logical and causal methods of analysis to determine the structure of the novelty of goods. The numerical method of multi-criteria decision making TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) was used to rank the product range of new products according to the level of importance of novelty. Weights of individual components to assess the importance level of novelty in the enterprise were determined by the method of analysis of hierarchies of T.L. Saati. The study used the classification of novelty by its functional focus, according to which consumer, market, and manufacturing novelty of goods are distinguished. The importance of novelty for the manufacturer is the conformity of the product to its innovative development strategy, determination of its place in the market, and prospects for further activities. The importance of the novelty of a new product for the company is proposed to be defined as a measure of the importance of the novelty level of the product for the development of the optimal product range in the product innovative policy of the enterprise. To assess the level of significance of the novelty of goods, criteria of novelty by its types were proposed. According to the results of the study it was found that industrial novelty characterizes the level of use of new technologies in the enterprise, market – the position of a new product on the market among analogues, and consumer – the level and way to meet consumer needs. Further research should relate to the development of appropriate guidelines for the formation of product range and its management based on the assessment of the level of significance of novelty

scholarly journals Tren Model Bisnis Kolaborasi Antar Perusahaan Startup Perspektif Bisnis Islam

Kodifikasia ◽  
2020 ◽  
Vol 14 (2) ◽  
pp. 381-402
Author(s):  
Rifqy Tazkiyyaturrohmah
Keyword(s):  
Qualitative Research ◽  
Business Ethics ◽  
Free Will ◽  
Business Model ◽  
Collaboration Pattern ◽  
Business People ◽  
The World ◽  
Business Collaboration ◽  
A Company ◽  
Descriptive Method

Memasuki era industri 4.0 membuka peluang besar bagi bisnis digital di Indonesia. Para pelaku bisnis yang mayoritas berasal dari generasi milenial tentu turut meramaikan gaung ini. Perusahaan rintisan (startup) yang biasanya bergerak di bidang teknologi dan aplikasi secara perlahan namun pasti turut mengalami perkembangan yang signifikan. Dibuktikan dengan beberapa data yang menyebutkan bahwa Indonesia menempati peringkat ke empat dunia dalam jumlah perusahaan startup. Bahkan Indonesia sendiri setidaknya  memiliki 4 unicorn dari jumlah total 8 unicorn di ASEAN. Terdapat beberapa faktor yang mempengaruhi perkembangan startup di Indonesia, salah satunya adalah model bisnis kolaorasi antar beberapa startup untuk mengembangkan perusahaan. Disini peneliti ingin memaparkan bagaimana bisnis kolaborasi itu jika dilihat melalui perspekttif Islam. Penelitian ini merupakan penelitian kualitatif dengan metode deskriptif, yang mana memfokuskan kepada studi fenomenologi. Hasil dari penelitian ini adalah bisnis kolaborasi antar perusahaan startup dianggap sudah memenuhi unsur-unsur etika bisnis dalam Islam, yang memuat kesatuan, kejujuran, keadilan, kebenaran, kebajikan, kehendak bebas dan tanggung jawab. Pola bisnis kolaborasi pun dirasa cukup menguntungkan bagi semua pihak, baik antar perusahaan startup yang melakukan kolaborasi dan juga bagi masyarakat yang menjadi konsumen. [Entering the fourth industrial era, it opens up a great opportunities for digital businesses in Indonesia. The majority of business people who come from millennial generation certainly helped enliven this phenomenon. Startups which are usually engaged in technology and applications are slowly but surely also experiencing the significant developments. Evidenced by some data that says that Indonesia ranks fourth in the world in the number of startup companies. Indonesia also has at least 4 unicorns out of a total of 8 unicorns in ASEAN. There are several factors that influence the development of startups in Indonesia, one of which is the business model of collaboration between several startups to develop a company. Through this study, the researcher explains the collaboration of business that viewed by the perspective of Islam. This research is a qualitative research with the descriptive method, which focuses on the study of phenomenology. The results of this study are the business collaboration between startup companies considered to have fulfilled the elements of business ethics in Islam, which contain unity, fair, equilimbrium, truth, wisdom, free will and responsibility. The business collaboration pattern is also considered quite beneficial for all parties, both startup companies that collaborate and also for people who are the consumers.]

scholarly journals Barriers and Drivers for Circular Economy 2.0 on the Firm Level: Russian Case

2021 ◽  
Vol 13 (19) ◽  
pp. 11080
Author(s):  
Svetlana Ratner ◽  
Konstantin Gomonov ◽  
Inna Lazanyuk ◽  
Svetlana Revinova
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
New Technologies ◽  
Institutional Support ◽  
Resource Efficiency ◽  
Firm Level ◽  
Significant Difference ◽  
The World ◽  
Key Factor ◽  
The Eu

Historically, the development of the circular economy (CE) proceeds from the CE 1.0 stage, characterized by attention to waste management and recycling, to the CE 2.0 stage with an emphasis on resource efficiency and eco-efficiency, to the current CE 3.0 stage, in which the key factor to a company’s success is the business model. However, not all countries of the world simultaneously began transforming the national economy from a linear model to a circular one; many are still at the CE 1.0 and CE 2.0 stages, and do not have a developed system of institutions supporting the circular economy. In Russia, the concept of a circular economy has not yet received recognition in society and government; the stage of its development can be defined as CE 2.0. This study compares the barriers and drivers of CE development in the EU countries, a group of countries with a well-developed institutional support system, and in Russia, a country that does not have such a system. The study reveals that the most significant difference between countries with mature systems of institutional support and Russia lies in the regulatory sphere and in information and awareness about new available technologies and ways to increase resource efficiency, commercial attractiveness, and organizational feasibility. Changes in the first sphere are impossible without the participation of the national authorities; however, changes in the information sphere are feasible even without the government’s support. The actors in such changes can be international companies with access to resource-efficient new technologies and processes for organizing business.

Smart Grid Implementation in Mozambique: Where to Start?

2020 ◽  
Vol 6 (4) ◽  
pp. 500-508
Author(s):  
Nelson Manuel Alfredo Chapala
Keyword(s):  
New Product Development ◽  
Smart Grids ◽  
New Product ◽  
Electricity Sector ◽  
Pilot Projects ◽  
Testing Laboratories ◽  
The World ◽  
Market Opportunities ◽  
Bibliographical Survey ◽  
The Moment

Abstract: The article presents a survey on the development of Smart Grids in the world. Its purpose is to present an overview of the possibilities and initial challenges to be overcome for its implementation in Mozambique. For the development of this article, a bibliographical survey of the world panorama of technology was made. As a result of this literary survey, it was understood that the concept of smart grids became more clear from 2005 and is developing. Some countries, mainly developed, have already joined the technology and they are with the pilot projects and realized. The motivations for its implementation vary from country to country. Increasing profits in the electricity sector, reducing energy technical losses, improving the environment and enhancing renewable energy are the main motivations. This technology brings benefits associated with technological innovation, new product development and new market opportunities. At the moment, it’s understood that, Mozambique is not in time to implement this technology effectively. Not only because many countries are still with pilot projects, but also, the financial costs for their implementationarehigh. However, although there are presumed difficulties for its implementation, it’s considered convenient to start with the discussions about smart grids in higher education and research institutions, fund mobilization and implementation of testing laboratories. Additionally, it is important to study the possibility of phased implementation of this technology in new condominiums or residential neighborhoods and to gain experience in countries that have already started to implement it.

scholarly journals Innovation, Dynamic Capabilities, and Leadership

2018 ◽  
Vol 61 (1) ◽  
pp. 15-42 ◽  
Author(s):  
Paul J. H. Schoemaker ◽  
Sohvi Heaton ◽  
David Teece
Keyword(s):  
Business Model ◽  
Dynamic Capabilities ◽  
New Product ◽  
Business Model Innovation ◽  
Top Management Teams ◽  
Top Management ◽  
Entrepreneurial Leadership ◽  
The World ◽  
Product And Process ◽  
Strong Dynamic

The world in which today’s businesses operate has become not only riskier but also more volatile, uncertain, complex, and ambiguous (VUCA). Organizations that hew too closely to traditional ways of operating will be hampered in their ability to succeed. In contrast, those that focus on new product and process developments coupled with business model innovation will leverage their dynamic capabilities. An essential overlay is entrepreneurial leadership from top management teams. Strong dynamic capabilities are impossible without it. This article examines how business model innovations, dynamic capabilities, and strategic leadership intertwine to help organizations thrive in VUCA worlds.

invisaWear: Building Traction With Crowdfunding

2021 ◽  
pp. 251512742110068
Author(s):  
Roberto S. Santos ◽  
Sunny Li Sun
Keyword(s):  
Business Model ◽  
Investment Decisions ◽  
New Product ◽  
Market Opportunity ◽  
Media Attention ◽  
Mainstream Media ◽  
Real Market ◽  
A Company ◽  
Important Milestone

While attending a networking event hosted by The Capital Network in the Summer of 2017, a rather innocuous conversation with an investor put invisaWear co-founders Rajia Abdelaziz and Ray Hamilton on an uncharted course. Despite a lot of interest in their new product, investors were hesitant to write them a check. However, during their discussion with an investor, they learned that if a company could prove, through crowdfunding, that people were willing to back their campaign, then that would help validate that there was a real market opportunity for their product. Having learned that investors viewed crowdfunding as an important milestone for demonstrating the validity of a company’s business model when making investment decisions, otherwise known as traction, Rajia and Ray went to work crafting a crowdfunding campaign. Looking to leverage the extensive media attention that invisaWear had garnered in recent months to direct attention to their crowdfunding campaign and build traction, to their dismay, Rajia and Ray found that mainstream media outlets had no interest in covering their crowdfunding campaign. Having hit this roadblock, Rajia and Ray now considered their options. How could their crowdfunding campaign build traction if they couldn’t get the word out to customers?

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