scholarly journals THE USE OF INNOVATIVE BLOCKCHAIN TECHNOLOGIES IN COMMERCIAL ACTIVITY OF THE AIRLINES

2020 ◽  
Author(s):  
Veronika Komandrovska ◽  
Keyword(s):  
Business Models ◽  
Personal Information ◽  
Digital Technologies ◽  
Air Transportation ◽  
Research Process ◽  
Aviation Industry ◽  
Competitive Advantages ◽  
Commercial Activity ◽  
Blockchain Technology ◽  
Modern Enterprise

The article is devoted to the study of the implementation of blockchain technologies for increasing the commercial activity of the airlines. The use of innovative digital technologies is one of the main means and conditions for ensuring the competitiveness of a modern enterprise. The possibilities of use, analyzes the benefits of using blockchain technologies to optimize the processes of mutual settlements, air transportation, increase the effectiveness of marketing impact on air passengers through the use of complete reliable personal information are researched. The study identified many obstacles to the active development of blockchain technology, in particular in aviation: the need for existing infrastructure, which involves many counterparties who may not be interested in disclosing their information and sharing it; lack of significant experience in the development and use of innovative digital technologies; lack of ready-made technological solutions for airlines; lack of specialists in the field of blockchain solution development and high development cost; the difficulty of determining the exact effectiveness of blockchain technologies. It was found that in the aviation industry, the quality and competitiveness of the transport product depends on many partner companies, information flows, management decisions, which prevents the rapid and uninterrupted exchange of information in a complex system of participants and management efficiency. Blockchain technology can help solve this problem through decentralization, transparency, high security and speed. The trends identified in the research process require the management of air transport companies to develop and implement modern innovative blockchain technologies that will not only adapt to current market conditions, but also use these developments to create competitive advantages. In this way, airlines will be able to anticipate problems and disruptions that may threaten their business models and develop a program of measures to prevent them.

THE ROLE OF THE STATE IN FORMING THE COMPETITIVE ADVANTAGES OF THE RUSSIAN AIRCRAFT PRODUCTS ON THE WORLD MARKET

2020 ◽  
pp. 69-77
Author(s):  
Aram I. Afyan ◽  
Keyword(s):  
Air Transportation ◽  
World Market ◽  
Aviation Industry ◽  
High Tech ◽  
Competitive Advantages ◽  
Role Of The State ◽  
Technological Cooperation ◽  
Civil Aircraft ◽  
Knowledge Intensive

The aviation industry for Russia is traditionally one of the important backbone elements of the national economy due to its belonging to knowledge-intensive and high-tech industries, the possibility of embedding in international technical and technological cooperation and cooperation, as well as its impact on innovative development and sustainability of economic growth. Despite the stagnation in the post-Soviet decade and the resulting trend towards lagging behind the leading aircraft-building countries, the development of the industry has always been of strategic importance for Russia, primarily in terms of ensuring the country's transport security. To implement integration tasks in such a huge country, a developed system of air transportation, including a national park of civil aircraft, needs to function.

Innovative Business Models in the Aviation Industry

2021 ◽  
Vol 27 (3) ◽  
pp. 190-200
Author(s):  
A. V. Altoukhov ◽  
A. O. Gostilovich ◽  
K. A. Ivanov
Keyword(s):  
Business Models ◽  
Scientific Literature ◽  
Digital Technologies ◽  
Global Scale ◽  
Aviation Industry ◽  
Government Officials ◽  
Economic Sectors ◽  
Russian Market ◽  
Russian Scientific ◽  
Modeling Concept

Aim.The presented study aims to develop and substantiate recommendations for the development of companies in the aviation industry using digital technologies.Tasks.The authors illustrate the need to use innovative business models based on modern digital technologies; provide a theoretical review of foreign and Russian scientific literature on  the topic of the study; substantiate and present research methods, including the principles of selecting companies for the examination of their business models; obtain, structure, and present the results of the examination of business models of the selected companies; formulate conclusions and provide recommendations for the development of Russian companies in the aviation industry.Methods. To achieve the set aim, the authors examine business models of 20 innovative companies in the aviation industry, information about which is available at Crunchbase.com. Business models are analyzed using the business modeling concept proposed by A. Osterwalder and Y.  Pigneur.Results. Business models of several innovative companies in the aviation industry are analyzed in a structured way. Recommendations for transforming the business models of companies in the aviation industry are proposed and substantiated, which should allow Russian market agents to compete on a global scale.Conclusions.The obtained results can prove useful to representatives of various economic sectors aiming to transform the business models of their companies, government officials willing to improve innovation regulation practices, and members of the scientific community engaged in conducting similar and/or further research.

Internet-Enabled Business Models and Marketing Strategies

2021 ◽  
pp. 103-119
Author(s):  
Chandra Sekhar Patro
Keyword(s):  
Information Technology ◽  
Business Models ◽  
Digital Technologies ◽  
Value Added ◽  
Marketing Strategies ◽  
Competitive Advantages ◽  
Analog To Digital ◽  
New Information ◽  
Value Propositions ◽  
Basic Level

The internet is continuously growing and evolving as a vital resource with which organizations can upgrade their capabilities and expand their business activities. The revolution of information technology has a major impact on internet-based business models. At the basic level, it is the shift from analog to digital technologies that are responsible for much new information technology (IT) capabilities. The IT-enabled business trends are profoundly altering the business landscape with the pace of technology change, innovation, and business adoption. Digital technologies have created innovative trends for organizations to create value propositions and perform value-added activities. The chapter articulates the various internet-based models, e-marketing business models, internet marketing strategies, and mix adopted by the organizations in leveraging the unique features of digital technology to create competitive advantages. Further, focuses on the emerging internet-based market structure and IT-enabled business marketing trends.

scholarly journals Trends and Prospects of the Development of the Global and National Air Transport Markets

2020 ◽  
pp. 99-109
Author(s):  
Sergiy Lytvynenko ◽  
Iryna Panasiuk
Keyword(s):  
Business Model ◽  
World Economy ◽  
Business Models ◽  
Low Cost ◽  
Air Transportation ◽  
Global Market ◽  
Air Transport ◽  
Aviation Industry ◽  
Market Expansion ◽  
The World

The article identified the preconditions for the development of the world economy which included the processes of globalization and internationalization. The role of air transport in the world economy is emphasized because its weight grows every year, because it provides the development of tourism, international programs and cooperation between individual regions of the world. There has been an increase in the number of multinational corporations, increasing the mobility of business passengers what is very important for the airlines. The critical analysis of scientific publications made it possible to state that in Ukraine and abroad the development of the air transportation market was studied by many scientists and their contribution to solving a number of scientific problems related to identifying prospects and opportunities for international and national air transportation markets as well as with the optimization of air carriers is important. However, it was found that insufficient research on recent trends and prospects for the development of global and national air transport markets is in the face of new challenges including the outbreak of coronavirus infection COVID-19. It was found that air passenger traffic in the global market has grown steadily in recent years by 7-8% every year and a quarter of sales depend on the regularity of air transportation of which 70% of this type of business determine the vectors of market expansion. The analysis of aviation accidents revealed that they have a very significant impact on the performance of the carrier whose aircraft suffered them. This applies to both reputational and purely financial losses. The problems with the Boeing 737 Max type also became a serious challenge for the aviation industry due to a number of incorrect design decisions of the world’s leading aviation concern and attempts to save on the training of pilots of this type of aircraft. It is noted that modern passengers are trying to minimize the time spent on travel, the trend of fragmentation of the holiday period is growing rapidly. As a result of the analysis of the domestic air transportation market, it was revealed that during 2019 there was an expansion of the market in general, as well as the activities of foreign airlines, travel from Ukraine to Europe and other parts of the world increased rapidly. A radical change in market trends was observed in mid-March 2020, when due to the spread of the COVID-19 coronavirus in the world, quarantine was introduced and regular flights were stopped. The national air carrier Ukraine International Airlines has declared a two-stage period of resumption of work after the end of quarantine. The authors found signs of hybridization of the airline’s business models at the first stage of the restart and the transition to the airline’s business model which has features of both point-to-point models and obvious features of the model of low-cost carriers. Whereas in the second stage the transition to a partial network model with low-cost models is most likely followed by the emergence of a new already stable hybrid business model based on network principles but with stable features of a low-cost airline.

scholarly journals Sustainability, Store Equity, and Satisfaction: The Moderating Effect of Gender in Retailing

2021 ◽  
Vol 13 (2) ◽  
pp. 1010
Author(s):  
Antonio Marín-García ◽  
Irene Gil-Saura ◽  
María Eugenia Ruiz-Molina ◽  
Gloria Berenguer-Contrí
Keyword(s):  
Brand Equity ◽  
Consumer Satisfaction ◽  
Business Models ◽  
Moderating Effect ◽  
Mediating Effect ◽  
Retail Sector ◽  
Competitive Advantages ◽  
Sustainable Business ◽  
Sustainable Business Models ◽  
Discount Stores

Currently, sustainability emerges as a key element on which the development of competitive advantages for businesses is based. In the dynamic and turbulent environment in which retail companies operate, sustainable practices are posited as an opportunity for their progress and survival. Through this article, it is intended to advance the nature and dimensions of this construct and examine its influence on store equity and consumer satisfaction. Furthermore, this work analyses the moderating effect of gender on these variables and the mediating nature of brand equity in the development of consumer satisfaction. All this is developed through a quantitative study carried out on a sample of 510 consumers of different food retail commercial formats (hypermarkets, supermarkets, and discount stores) in Spain. The technique used for data analysis is partial least squares (PLS) regression. The results show the importance of sustainability and brand equity in the development of consumer satisfaction in the retail sector, with the intensity of its effects being a gender issue. On the other hand, brand equity is positioned as a key element thanks to its mediating effect between sustainability and satisfaction. All of this points to the need to move towards more sustainable business models.

scholarly journals Literature review on business prototypes for digital platform

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Shrutika Mishra ◽  
A. R. Tripathi
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Business Models ◽  
Digital Technologies ◽  
Digital Platform ◽  
New Business ◽  
Start Ups ◽  
The Way

Abstract In today’s world, many digitally enabled start-ups are budding all over the globe because of the fast enhancement in digital technologies. For the establishment of new business, it is necessary to adopt a proper business model which needs to define the way in which the company will provide values and the ways in which the customers can pay for their services. This paper aims to study the various business models being used in today’s marketplace and to provide a better understanding for these business models by having an insight on the attributes.

scholarly journals Circular Digital Built Environment: An Emerging Framework

2021 ◽  
Vol 13 (11) ◽  
pp. 6348
Author(s):  
Sultan Çetin ◽  
Catherine De Wolf ◽  
Nancy Bocken
Keyword(s):  
Built Environment ◽  
Circular Economy ◽  
Digital Technologies ◽  
Geographical Information ◽  
Digital Platforms ◽  
Blockchain Technology ◽  
Digital Twins ◽  
Starting Point ◽  
Building Information ◽  
Framework Development

Digital technologies are considered to be an essential enabler of the circular economy in various industries. However, to date, very few studies have investigated which digital technologies could enable the circular economy in the built environment. This study specifically focuses on the built environment as one of the largest, most energy- and material-intensive industries globally, and investigates the following question: which digital technologies potentially enable a circular economy in the built environment, and in what ways? The research uses an iterative stepwise method: (1) framework development based on regenerating, narrowing, slowing and closing resource loop principles; (2) expert workshops to understand the usage of digital technologies in a circular built environment; (3) a literature and practice review to further populate the emerging framework with relevant digital technologies; and (4) the final mapping of digital technologies onto the framework. This study develops a novel Circular Digital Built Environment framework. It identifies and maps ten enabling digital technologies to facilitate a circular economy in the built environment. These include: (1) additive/robotic manufacturing, (2) artificial intelligence, (3) big data and analytics, (4) blockchain technology, (5) building information modelling, (6) digital platforms/marketplaces, (7) digital twins, (8) the geographical information system, (9) material passports/databanks, and (10) the internet of things. The framework provides a fruitful starting point for the novel research avenue at the intersection of circular economy, digital technology and the built environment, and gives practitioners inspiration for sustainable innovation in the sector.

scholarly journals Blockchain-Based Application for Certification Management

2020 ◽  
Vol 14 (4) ◽  
pp. 488-492
Author(s):  
Jovan Karamachoski ◽  
Ninoslav Marina ◽  
Pavel Taskov
Keyword(s):  
Supply Chain ◽  
Business Models ◽  
Human Factor ◽  
Computer Code ◽  
Chain Management ◽  
Practical Applications ◽  
Sustainable Technologies ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Crucial Part

Blockchain technology will bring a disruption in plenty of industries and businesses. Recently it proved the robustness, immutability, auditability, in many crucial practical applications. The blockchain structure offers traceability of actions, alterations, alerts, which is an important property of a system needed for development of sustainable technologies. A crucial part of the blockchain technology regarding the optimization of the processes is the smart contract. It is a self-executable computer code, open and transparent, encoding the terms of a regular contract. It is able to automate the processes, thus decreasing the human-factor mistakes or counterfeits. In this paper, we are presenting the feasibility of the blockchain technology in the certification processes, with an application developed for university diploma certification. The example is easily transferable in other areas and business models such as logistics, supply chain management, or other segments where certification is essential.

How Digital Transformation Improves Perceptions of Oil and Gas Industry

2020 ◽  
Vol 72 (12) ◽  
pp. 33-33
Author(s):  
Chris Carpenter
Keyword(s):  
Digital Technology ◽  
Public Perception ◽  
Business Models ◽  
Oil And Gas ◽  
Digital Technologies ◽  
Oil And Gas Industry ◽  
Production Optimization ◽  
Petroleum Engineering ◽  
Co2 Injection ◽  
The Impact

The final afternoon of the 2020 ATCE saw a wide-ranging virtual special session that covered an important but often overlooked facet of the unfolding digitalization revolution. While the rising wave of digital technology usually has been associated with production optimization and cost savings, panelists emphasized that it can also positively influence the global perception of the industry and enhance the lives of its employees. Chaired by Weatherford’s Dimitrios Pirovolou and moderated by John Clegg, J.M. Clegg Ltd., the session, “The Impact of Digital Technologies on Upstream Operations To Improve Stakeholder Perception, Business Models, and Work-Life Balance,” highlighted expertise taken from professionals across the industry. Panelists included petroleum engineering professor Linda Battalora and graduate research assistant Kirt McKenna, both from the Colorado School of Mines; former SPE President Darcy Spady of Carbon Connect International; and Dirk McDermott of Altira Group, an industry-centered venture-capital company. Battalora described the complex ways in which digital technology and the goal of sustainability might interact, highlighting recent SPE and other industry initiatives such as the GAIA Sustainability Program and reviewing the United Nations Sustainable Development Goals (SDGs). McKenna, representing the perspective of the Millennial generation, described the importance of “agile development,” in which the industry uses new techniques not only to improve production but also to manage its employees in a way that heightens engagement while reducing greenhouse-gas emissions. Addressing the fact that greater commitment will be required to remove the “tougher two-thirds” of the world’s hydrocarbons that remain unexploited, Spady explained that digital sophistication will allow heightened productivity for professionals without a sacrifice in quality of life. Finally, McDermott stressed the importance of acknowledging that the industry often has not rewarded shareholders adequately, but pointed to growing digital components of oil and gas portfolios as an encouraging sign. After the initial presentations, Clegg moderated a discussion of questions sourced from the virtual audience. While the questions spanned a range of concerns, three central themes included the pursuit of sustainability, with an emphasis on carbon capture; the shape that future work environments might take; and how digital technologies power industry innovation and thus affect public perception. In addressing the first of these, Battalora identified major projects involving society-wide stakeholder involvement in pursuit of a regenerative “circular economy” model, such as Scotland’s Zero Waste Plan, while McKenna cited the positives of CO2-injection approaches, which he said would involve “partnering with the world” to achieve both economic and sustainability goals. While recognizing the importance of the UN SDGs in providing a global template for sustainability, McDermott said that the industry must address the fact that many investors fear rigid guidelines, which to them can represent limitations for growth or worse.

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