CHALLENGES OF BUSINESS MODEL DIGITALIZATION IN CASE OF TRAVEL AGENCIES

This study mainly investigated the factors affecting the business model innovation of small and micro travel agencies (SMTAs) in the Internet+ era. Based on a literature review, six hypotheses were proposed. To identify the influencing factors, the questionnaire, which was developed from previous studies, was distributed and 130 valid questionnaires were identified. Linear regression was used to test the hypotheses and further verify the relationship between each factor and the four dimensions of business model innovation. The results revealed that: 1. Organizational learning ability, consumer demand, entrepreneurial spirit, and website performance have significant effects on the business model innovation of SMTAs in the Internet+ era; 2. Organizational learning ability; consumer demand, and technological development were discovered to have positive effects on the value proposition innovation of SMTAs; 3. Consumer demand, entrepreneurial spirit, and organizational learning ability have positive effects on the value maintenance innovation of SMTAs; 4. Organizational learning ability and consumer demand have positive effects on the value network innovation of SMTAs; 5. Finally, organizational learning ability, website performance, and consumer demand have positive effects on the value realization innovation of SMTAs. These results can serve as the foundation for future relevant research and as a reference for SMTAs and related industry practitioners in their future management.

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Towards Digital Transformation of Travel Agencies: Evaluation of Determinants using Fuzzy AHP Approach

39th International Conference on Organizational Science Development ◽

10.18690/978-961-286-388-3.36 ◽

2020 ◽

Author(s):

Sanja Marinkovic ◽

Jasna Petkovic

Keyword(s):

Business Model ◽

Fuzzy Ahp ◽

Digital Transformation ◽

Successful Implementation ◽

Digital Platform ◽

Four Dimensions ◽

Travel Agencies

The goal of this research was to define the priorities in implementation of digital business model in travel agencies in Serbia, as despite many advantages of digitalization, the practice was still far from expected. Research conducted was based on two previously conducted studies: 1) Four dimensions of determinants published in Digitalization in Tourism Report, that were: 1. Opportunities; 2. Difficulties; 3. Motivations and 4. Obstacles, stated as relevant for successful implementation of a digital platform in tourist agencies; 2) Identified importance of this four dimensions and their determinants through research questionnaire conducted in travel agencies in Serbia. In this paper, the most important determinants for each dimension were elements used to establish AHP hierarchy for further evaluation using Fuzzy AHP numbers. Through evaluation, the most relevant determinants and dimensions were identified as support for future strategies in digital transformation.

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A business model approach towards the understanding of daily deals within Internet distribution systems

Tourism Economics ◽

10.1177/1354816619863261 ◽

2019 ◽

Vol 26 (6) ◽

pp. 976-1000

Author(s):

Marko Budler ◽

Miha Bratec ◽

Katarzyna Barbara Minor ◽

Luka Tomat

Keyword(s):

Business Model ◽

Distribution Systems ◽

Limited Attention ◽

Future Directions ◽

Travel Agencies ◽

Fresh Perspective ◽

Online Travel ◽

Daily Deals ◽

Level Of Analysis ◽

Online Travel Agencies

The business model (BM) approach is making a slow, yet steady footprint in tourism research, can offer a fresh perspective and a viable level of analysis for broader networks of Internet distribution systems (IDSs). To date, the researchers have devoted limited attention to studying the daily deal (DD) providers and their position next to the online travel agencies (OTAs). More importantly, the DD providers developed a unique BM characteristics, which contrary to early predictions, enabled them to proliferate post-recession and maintain their position. The current study uses the BM approach to observe the original dimensions and BM elements, to identify distinct characteristics of generic and niche DD providers, and to benchmark them against the established OTAs. The BM approach enhances the understanding of the overlooked niche DD providers within IDSs. Further, this article provides a comparison of the BM characteristics in IDSs to help facilitate the formulation of a unique value proposition for each of them. Ultimately, the authors acknowledge limited possibilities for cooperation between the providers and discuss future directions of DD and broader IDSs BM transformations.

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An Exploratory Study on Combining Service Business Model Canvas and Dynamic Performance Management Methods: Approach by System Thinking

Korean System Dynamics Review ◽

10.32588/ksds.19.4.1 ◽

2018 ◽

Vol 19 (4) ◽

pp. 5-40

Author(s):

Sehoon Park ◽

Dongphil Chun

Keyword(s):

Performance Management ◽

Business Model ◽

Exploratory Study ◽

Dynamic Performance ◽

System Thinking ◽

Service Business ◽

Business Model Canvas

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PENGARUH PENYELENGGARAAN HAJI TERHADAP PENINGKATAN AKTIVITAS EKONOMl DI WILAYAH PROPINSI DKI JAKARTA

ALQALAM ◽

10.32678/alqalam.v30i2.1420 ◽

2013 ◽

Vol 30 (2) ◽

pp. 380

Author(s):

Chairul Akmal

Keyword(s):

Secondary Data ◽

Travel Agency ◽

Economic Activities ◽

Factors Affecting ◽

Regression Methods ◽

The Social ◽

Travel Agencies ◽

Relationship Model ◽

Small Medium Enterprises ◽

Medium Enterprises

This research analyzes some factors affecting economic activities in relation with the conduct of pilgrimage. Those factors are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers. The objective of this research is to acquire the information of how each factor and all factors together affect the economic activities. This research also analyzes the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses on UMKM - Micro, Small, Medium enterprises' economic activities. This research is conducted in DKI Jakarta in 2007. The population of this research is the average economic activities in DKI Jakarta in 2007. There are 42 respondents (Banks), 157 respondents (travel agencies), and 50 respondents (UMKM - Micro, Small, Medium enterprises) which are taken as samples from the population using the purposive sampling method. The data is obtained by the researcher using questioners and secondary data which is taken from 1990-2007. The methodology used in this research is based on. the causal relationship model In testing the hypothesis of this research, the researcher uses the simple and multiple regression methods, and path analysis method. The significant rate a = 0,05 used in determining the interpretation of the statistic result. The data is processed using SPSS (Statistical Packages for the Social Sciences) version 12.00. The results of the analysis in the 1st equation -are (i) the effect of the pilgrimage cost on banks' revenues is quite strong, (ii) the effect of the pilgrimage cost on travel agencies' revenues is quite strong, (iii) the effect of the pilgrimage cost on UMKM - Micro, Small, Medium enterprises' revenues is weak. The results of the analysis in the 2nd equation are (i) the effect, of the amount of pilgrims on Banks' revenues is very weak, (ii) the effect of the amount of pilgrims on travel agencies' revenues is very weak, (iii) the effect of the amount of pilgrims on UMKM - Micro, Smal4 Medium enterprises' revenues is very weak. The results of the analysis in the 3rd equation are (i) the effect of the amount of pilgrimage officers on banks' revenues is very weak, (ii) the effect of the amount of pilgrimage officers on travel agencies' revenues is very weak, (iii) the effect of the amount officers on UMKM-Micro, Small Medium enterprises' revenues is very weak. The results of the analysis in the 4th equation are (i) the effect of all three factors which are the pilgrimage cost, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on banks' revenues is very strong, (ii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on travel agencies' revenues is strong, (iii) The effect of all three factors which are pilgrimage costs, the amount of pilgrims, and the amount of pilgrimage officers simultaneously on UMKM-Micro, Small Medium enterprises' revenues is strong. The result of the analysis in the 5th equation is the effect of foods and drinks expenses on UMKM-Micro, Small Medium enterprises' revenues is weak. In the 6th equation, the effect of nonfoods and drinks expenses on UMKM-Micro, small Medium enterprises' revenues is weak. In the 7th equation, the effect of miscellaneous expenses on UMKM - Micro, Small Medium enterprises' revenues is quite strong. In the 8th equation, the effect of all three factors which are the effect of foods and drinks expenses, the effect of nonfoods and drinks expenses, and the effect of miscellaneous expenses simultaneously on UMKM-Micro, Small Medium enterprises' revenues is quite strong. The implication of the research results mentioned above is the factors in the conduct of pilgrimage do increase the economic activities (Banks, Travel Agencies, and UMKM - Micro, Smal4 Medium enterprises) in DKI Jakarta. Therefore, considering that matter, the General Director of the conduct of pilgrimage division of Department of Religion Republic of Indonesia should determine the pilgrimage cost which is affordable, increase the service, and provide a good information system which will result in a better conduct of the pilgrimage. Key word: The Costs of Hajj, Hajj Officer, Travel Agency, UMKM

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Business Model Literature Overview

FINANCIAL REPORTING ◽

10.3280/fr2014-001004 ◽

2014 ◽

pp. 79-130 ◽

Cited By ~ 4

Author(s):

Ales Novak

Keyword(s):

Business Model ◽

Financial Reporting ◽

Business Models ◽

Potential Role ◽

Financial Instruments ◽

Business Logic ◽

Literature Overview ◽

Ifrs 9 ◽

Definition Of

The term ?business model' has recently attracted increased attention in the context of financial reporting and was formally introduced into the IFRS literature when IFRS 9 Financial Instruments was published in November 2009. However, IFRS 9 did not fully define the term ‘business model'. Furthermore, the literature on business models is quite diverse. It has been conducted in largely isolated fashion; therefore, no generally accepted definition of ?business model' has emerged. Therefore, a better understanding of the notion itself should be developed before further investigating its potential role within financial reporting. The aim of this paper is to highlight some of the perceived key themes and to identify other bases for grouping/organizing the literature based on business models. The contributions this paper makes to the literature are twofold: first, it complements previous review papers on business models; second, it contains a clear position on the distinction between the notions of the business model and strategy, which many authors identify as a key element in better explaining and communicating the notion of the business model. In this author's opinion, the term ‘strategy' is a dynamic and forward-looking notion, a sort of directional roadmap for future courses of action, whereas, ‘business model' is a more static notion, reflecting the conceptualisation of the company's underlying core business logic. The conclusion contains the author's thoughts on the role of the business model in financial reporting.

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DISCIPLINA DE EMPREENDEDORISMO NA FORMAÇÃO DOS ALUNOS DE BIBLIOTECONOMIA E DOCUMENTAÇÃO DA UFS

Convergências em Ciência da Informação ◽

10.33467/conci.v1i2.10275 ◽

2018 ◽

Vol 1 (2) ◽

pp. 189-195

Author(s):

Marta Suzana Cabral Nunes ◽

Augusto Cesar Vieira dos Santos ◽

Sueli Maria Silva Pereira ◽

Euder de Jesus Costa

Keyword(s):

Business Model ◽

Design Thinking ◽

Business Model Canvas

Este trabalho visa apresentar a experiência da disciplina de Empreendedorismo na UFS como fator motivador do desenvolvimento de competências para o bibliotecário documentalista, onde participaram alunos do curso de Biblioteconomia e Documentação, dentre alunos de outros cursos. O tema do empreendedorismo tem sido debatido no campo profissional e apresenta-se como alternativa importante que permite aos profissionais desenvolver ações e estratégias inovadoras em sua atuação diária. Trata-se de um estudo que tem como principal mérito apresentar esse caso a fim de demonstrar que é possível, a partir de ações de extensão e da formação continuada, desenvolver competências empreendedoras nos futuros profissionais bibliotecários documentalistas, aplicando metodologias como o Ciclo de Aprendizagem Vivencial, o Business Model CANVAS, Design Thinking, e o Plano de Negócios. Ao todo participaram da disciplina 7 alunos do curso de Biblioteconomia e Documentação da UFS, que preencheram formulário eletrônico a fim de fornecer suas percepções sobre a aprendizagem obtida.

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The Potential Of Blockchain Technology To Change International Mobile Roaming Business Model

ACMIT Proceedings ◽

10.33555/acmit.v5i1.70 ◽

2019 ◽

Vol 5 (1) ◽

pp. 15-22

Author(s):

Ardian Thresnantia Atmaja

Keyword(s):

Business Model ◽

Current Situation ◽

Business Value ◽

Third Party ◽

Fundamental Aspect ◽

Clearing House ◽

Blockchain Technology ◽

Smart Contract ◽

Target Architecture ◽

Architecture Development

The key objectives of this paper is to propose a design implementation of blockchain based on smart contract which have potential to change international mobile roaming business model by eliminating third-party data clearing house (DCH). The analysis method used comparative analysis between current situation and target architecture of international mobile roaming business that commonly used by TOGAF Architecture Development Method. The purposed design of implementation has validated the business value by using Total Cost of Ownership (TCO) calculation. This paper applies the TOGAF approach in order to address architecture gap to evaluate by the enhancement capability that required from these three fundamental aspect which are Business, Technology and Information. With the blockchain smart contract solution able to eliminate the intermediaries Data Clearing House system, which impacted to the business model of international mobile roaming with no more intermediaries fee for call data record (CDR) processing and open up for online billing and settlement among parties. In conclusion the business value of blockchain implementation in the international mobile roaming has been measured using TCO comparison between current situation and target architecture that impacted cost reduction of operational platform is 19%. With this information and understanding the blockchain technology has significant benefit in the international mobile roaming business.

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A Digital Economy Model for Talent Prediction Data Analytic

ICONIET PROCEEDING ◽

10.33555/iconiet.v2i4.44 ◽

2019 ◽

Vol 2 (4) ◽

pp. 260-266

Author(s):

Haru Purnomo Ipung ◽

Amin Soetomo

Keyword(s):

Business Model ◽

Industrial Revolution ◽

Technology Innovation ◽

Cost Effective ◽

Sharing Economy ◽

Token Economy ◽

Economy Model ◽

New Business ◽

The Cost ◽

Data Analytic

This research proposed a model to assist the design of the associated data architecture and data analytic to support talent forecast in the current accelerating changes in economy, industry and business change due to the accelerating pace of technological change. The emerging and re-emerging economy model were available, such as Industrial revolution 4.0, platform economy, sharing economy and token economy. Those were driven by new business model and technology innovation. An increase capability of technology to automate more jobs will cause a shift in talent pool and workforce. New business model emerge as the availabilityand the cost effective emerging technology, and as a result of emerging or re-emerging economic models. Both, new business model and technology innovation, create new jobs and works that have not been existed decades ago. The future workers will be faced by jobs that may not exist today. A dynamics model of inter-correlation of economy, industry, business model and talent forecast were proposed. A collection of literature review were conducted to initially validate the model.

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