scholarly journals The Wolf and The Caribou: Coexistence of Decentralized Economies and Competitive Market

2018 ◽  
Author(s):  
Dr. Andreas Freund ◽  
Danielle Stanko
Keyword(s):  
Business Models ◽  
Global Scale ◽  
Competitive Market ◽  
Competitive Markets ◽  
Business Ecosystems ◽  
New Business ◽  
Decentralized Autonomous Organizations ◽  
Profit Opportunity ◽  
Platform Ecosystems

Starting with BitTorrent and then Bitcoin, decentralized technologies have been on the rise over the last 15+ years, gaining significant momentum in the last 2+ years with the advent of platform ecosystems such as the Blockchain platform Ethereum. New projects have evolved from decentralized games to marketplaces to open funding models to decentralized autonomous organizations. The hype around cryptocurrency and the valuation of innovative projects drove the market cap of cryptocurrencies to over a trillion dollars at one point in 2017. These high valued technologies are now enabling something new: globally scaled, decentralized business models. Despite their valuation and the hype, these new business ecosystems are frail. This is not only because the underlying technology is rapidly evolving, but also because competitive markets see a profit opportunity in exponential cryptocurrency returns. This extracts value from these ecosystems, which could lead to their collapse, if unchecked. In this paper, we explore novel ways for decentralized economies to protect themselves from, and coexist with competitive markets at a global scale utilizing decentralized technologies such as Blockchain.

Une profession en crise ou en transition? Enquête auprès des notaires de l’Outaouais

2021 ◽  
Vol 36 (1) ◽  
pp. 135-157
Author(s):  
Julie Paquin ◽  
Manon Ferrand
Keyword(s):  
Service Provider ◽  
Business Models ◽  
Transition Period ◽  
Competitive Market ◽  
Public Official ◽  
Financial Situation ◽  
New Business ◽  
New Business Models ◽  
Traditional Image ◽  
Do So

AbstractThe notarial profession in Québec is currently facing several challenges, including that of the financial situation of many of its members. A study conducted among notaries in the Outaouais region reveals that although, in general, notaries recognize that there is a price war happening, they do not necessarily agree on its causes, their capacity to address it, or the most effective ways to do so. While the traditional image of the notary as a professional and public official remains prominent, it now competes with another, more entrepreneurial view of the notary as a service provider in a competitive market. This implies that the notarial profession is currently going through a transition period that could involve a shift towards new business models.

scholarly journals A Case Study of the Korean Government’s Preparation for the Fourth Industrial Revolution: Public Program to Support Business Model Innovation

2019 ◽  
Vol 5 (2) ◽  
pp. 35 ◽  
Author(s):  
Heyoung Yang ◽  
Su Youn Kim ◽  
Seongmin Yim
Keyword(s):  
Business Models ◽  
Industrial Revolution ◽  
Model Framework ◽  
Fourth Industrial Revolution ◽  
Business Ecosystems ◽  
Before And After ◽  
New Business ◽  
World Economic ◽  
Smart Cars

The Fourth Industrial Revolution caused by innovative technologies is an irresistible megatrend, and many companies, institutions, and major countries are making efforts to participate. The World Economic Forum took the lead in discussing the Fourth Industrial Revolution, adding the issue to its 2016 agenda, and found that many governments, including that of Korea, were concerned about how to support their nation’s participation in the Fourth Industrial Revolution and were pursuing programs to support such efforts. In this study, we describe one of those programs, the Korean government’s Flagship Project Support Program (FPSP), which supports latecomers in creating open platforms and creating new business ideas in innovative technological industries. The program helps businesses overcome entry barriers to existing business ecosystems established by big technological players in growing fields such as smart cars, the Internet of Things (IoT), virtual reality (VR), etc. The purpose of this study is to determine whether latecomers and small- and medium-sized companies that are experiencing difficulties in their own innovation can succeed in innovation through the Korean government’s FPSP. This study performed a comprehensive and qualitative analysis based on the Logic Model Framework consisting of an investigation of business ecosystems before and after the FPSP, assessment of outcomes, and evaluation of the effectiveness of the FPSP. This study shows that open platforms resulting from the FPSP successfully innovated business models in Korea. Our study, therefore, has implications for other governments seeking to play a role in supporting the Fourth Industrial Revolution.

scholarly journals Material intelligence as a driver for value creation in IoT-enabled business ecosystems

2018 ◽  
Vol 33 (6) ◽  
pp. 857-867 ◽  
Author(s):  
Esko Hakanen ◽  
Risto Rajala
Keyword(s):  
Value Creation ◽  
Steel Industry ◽  
Business Models ◽  
Qualitative Interviews ◽  
Future Research ◽  
Supply Networks ◽  
Intelligent Materials ◽  
Content Type ◽  
Business Ecosystems ◽  
New Business

Purpose The purpose of this study is to identify and discuss the role of intelligent materials in the emergence of new business models based on the Internet of Things (IoT). The study suggests new areas for further research to better understand the influences of material intelligence on the business models in industry-wide service ecosystems. Design/methodology/approach The study uses data from an earlier study of intelligent materials in the steel industry networks. The insights are based on 34 qualitative interviews among 15 organizations in the industry. The data are reanalyzed for this study. Findings The observations from the steel industry show how material intelligence can be harnessed for value creation in IoT-based business ecosystems. The results suggest that not all “things” connected to the IoT need to be intelligent, if information related to the things are collected, stored and shared for collaborative value creation among the actors involved in the business ecosystem. Research limitations/implications The study discusses how IoT deployments allow businesses to benefit from the velocity and variety of information associated with things and guides future research to study the ways in which value is created through IoT-enabled business models. Practical implications Rather than focusing on improving the efficiency of the supply network, the study presents new paths for competitive advantages in the new IoT ecosystems. Originality/value The study contributes to the mounting research on the IoT by identifying and discussing the critical aspects of how IoT can transform business models and supply networks within end-to-end ecosystems.

Reinventing the rules of engagement: three strategies for winning the information technology race

2014 ◽  
Vol 42 (4) ◽  
pp. 22-32
Author(s):  
Saul Berman ◽  
Anthony Marshall
Keyword(s):  
Business Models ◽  
New Technologies ◽  
Public And Private ◽  
Content Type ◽  
Top Executives ◽  
Business Environments ◽  
Wide Range ◽  
Business Ecosystems ◽  
New Business ◽  
Public And Private Sector

Purpose – From interviews in 2013 with more than 875 CEOs of companies in a variety of industries from around the world, IBM researchers found that the majority of them rank technology as the top issue they expect will exert the strongest influence on their organizations and strategy. this paper aims to discuss this issue. Design/methodology/approach – This report is the third installment in an ongoing Global C-suite Study, the seventeenth such IBM study to focus on the C-suite. To compile the data for the meta study, between February and June 2013, researchers met with 4,183 top executives, representing a wide range of public and private sector enterprises in more than 20 industries and 70 countries. This report focuses on the responses of more than 875 CEOs from 67 countries who participated in the meta study. Findings – Analysis of the interviews identified three responses proactive firms have adopted to prepare for the future: embrace disruption; build shared value; and dare to be open. Research limitations/implications – Create experimentation spaces. Runaway innovation requires places and spaces where people can think, interact and experiment. The creation of these innovation spaces should be a priority. These should include: physical spaces where co-located people with different backgrounds can cross-pollinate each other’s ideas; virtual spaces where large numbers of people across different locations can focus on specific topics; and the building of business ecosystems. Business environments are beginning to evolve from markets to ecosystems. Organizations that identify new ways to serve customers holistically will define new business ecosystems and benefit the most. Practical implications – Taking action to embrace disruption: move out of bounds. Bringing together people from different industries, backgrounds, regions – and even generations – will be essential to predict and respond to new competitive threats. Expanding partnerships to deepen innovation capabilities will speed the discovery of new technologies and new business models. Originality/value – CEOs in just about every industry have learned that customers, partners and employees that collaborate can go further, faster in an era of runaway innovation. Many are pushing the boundaries on their organizations as a result – opening up to empower collaboration among individuals and moving away from command-and-control hierarchies. In just one year the number of CEOs determined to open up their organizations has increased an astounding 27 percent.

The End of the Corporation

2020 ◽  
pp. 1-17
Author(s):  
Mark Fenwick ◽  
Erik P. Vermeulen
Keyword(s):  
Corporate Governance ◽  
Business Models ◽  
Digital Technologies ◽  
Ecosystem Model ◽  
Digital World ◽  
Modern Corporation ◽  
Business Form ◽  
Business Ecosystems ◽  
New Business ◽  
Established Firms

Corporate governance is undergoing a quiet, but quick transformation. The rise of digital technologies is forcing companies to reconsider existing business models, but also how they organize themselves and structure firm governance. This chapter introduces the main features of the modern corporation and corporate governance, outlines how digital technologies are disrupting this business form, and describes the new business “ecosystems” that are emerging to replace the modern corporation. The chapter argues that in a networked age, all businesses need to “go digital.” Companies need to become innovation machines, and this means that every firm needs to become a “tech” company and a “media” company. If they do not, younger and more agile competitors better attuned to the realities of the new digital world will replace them. For incumbents, the risks are existential. Established firms must adapt to the new digital environment by embracing the ecosystem model, or they will die.

New Strategies for Evolution of Business Ecosystems

2020 ◽  
pp. 98-122 ◽  
Author(s):  
Cemal Zehir ◽  
Melike Zehir ◽  
Songül Zehir
Keyword(s):  
Business Model ◽  
Business Models ◽  
Future Research ◽  
Research Fields ◽  
Emerging Trends ◽  
Business Ecosystems ◽  
New Business ◽  
Future Research Directions ◽  
Platform Leadership ◽  
New Strategies

Several industries are formed by platform business models. To achieve success and have sustainability, the platforms should follow various strategies, paying attention on several factors. In this chapter, initially, how the platforms as a business model have emerged, in which ways they are used, and their working ways have been explained, and “platforms as a new business model” has been extensively examined. Types of platform business models, general features of platforms, ways to generate income from platforms are explained in detail. How platforms could succeed and what could lead them into failure have been told. Platform leadership, prominent platform strategies, governance of platform strategies have been extensively examined. Emerging trends and future research directions have been mentioned. For this study, a detailed literature scanning has been performed, research fields have been shared in order to fill the gaps. In the final section, the prominent parts of the study to be focused have been expressed.

DIGITAL ECONOMY AND GLOBALIZATION: THE IMPORTANCE OF DIGITAL ENTREPRENEURSHIP DEVELOPMENT

2020 ◽  
Vol 6 (3) ◽  
pp. 17-20
Author(s):  
Farxod Tursunov ◽  
Keyword(s):  
Business Models ◽  
Digital Economy ◽  
Management Systems ◽  
Entrepreneurship Development ◽  
New Business ◽  
Definition Of ◽  
Digital Enterprise ◽  
New Business Models ◽  
Digital Entrepreneurship

The article discusses the role of the digital economy in the development of the country, how it becomes the basis of the economy, new business models and management systems. The opinion of scientistsis analyzed, a definition of a digital enterprise is given

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