scholarly journals CORPORATE BUSINESS MODELS OF VENTURE FINANCING: MODERN MECHANISMS

2021 ◽  
Author(s):  
Antonina Lahun
Keyword(s):  
Business Models ◽  
Business Environment ◽  
Global Market ◽  
High Tech ◽  
Firm Competition ◽  
Cognitive Framework ◽  
Corporate Venture ◽  
Complex Integration ◽  
Vector Orientation ◽  
Corporate Business

The article is devoted to the concept of corporate venture, which is based on the key methodological basis that the sources of innovation are formed both within and outside companies in the format of external ventures. They are founded by one or more companies on a share basis and take the form of organizational, economic and institutional forms of complex integration and cooperation structures and research consortia formed between autonomous and independent economic entities. Thus, one of the examples is strategic venture alliances, as one of the main institutional forms of external corporate venture. Next, we consider joint ventures created with the participation of donors and recipients of venture capital by establishing new legal entities or registration of the venture fund's participation in the share capital of high-tech companies. The advanced dynamics of techno-globalization processes against the background of unprecedented complication of the international business environment and the intensification of inter-firm competition for the most technologically breakthrough innovative developments raise the issue of mergers and acquisitions. Another organizational form of implementing external corporate venture mechanisms is the participation of companies in innovation clusters. There is also a rapid dynamization of cooperation of corporate venture funds with leading universities, research institutes, centers and laboratories. Therefore, it should be noted that external corporate venture is actively developing today in the general course of objective laws, patterns and trends of the global venture industry, demonstrating the high risks of venture investment, the predominant focus of BNP on innovation cooperation. This provides not only a significant increase in the economic efficiency of corporate R&D and expansion of existing innovation opportunities and sectoral-sectoral "space" of corporate business, but also the formation of its global "cognitive framework" as a full understanding of the nature and vector orientation of global market and technology transformations.

Expansion of Technology Utilization Through Tourism 4.0 in Slovenia

2020 ◽  
pp. 229-253
Author(s):  
Jurij Urbančič ◽  
Vesna Kuralt ◽  
Hrvoje Ratkajec ◽  
Matevž Straus ◽  
Alenka Vavroš ◽  
...  
Keyword(s):  
Business Models ◽  
Natural Habitat ◽  
Economic Value ◽  
Global Market ◽  
Sustainable Growth ◽  
High Tech ◽  
Tourist Destinations ◽  
The Social ◽  
Tourism Experience ◽  
Basic Concepts

With more and more people traveling worldwide (the number doubling in the last 20 years), tourist destinations are now more than ever trying to maintain and enhance their competitiveness in the global market. In this regard, novel business models combined with state-of-the-art technology can play a crucial role in not only satisfying the increasing tourism demand but also ensuring a sustainable growth to avoid the deteriorating effects on both the social and natural habitat. For these reasons, the Slovenian government included tourism as one of the priority areas for investment. Hence, the Tourism 4.0 initiative was launched to unite tourism stakeholders with high-tech companies and unify their scattered ideas, experiences, knowledge, and expertise. The ambition is to position Slovenia as a top destination for sustainable tourism with high economic value. This chapter introduces the basic concepts behind Tourism 4.0 and how it relates to technologies for an enhanced tourism experience.

scholarly journals THE INFLUENCE OF INNOVATIVE PROCESSES ON THE PRINCIPLES OF MARKETING IN FOREIGN COUNTRIES

2021 ◽  
Author(s):  
Larysa Snihyr
Keyword(s):  
Business Models ◽  
Rapid Development ◽  
International Marketing ◽  
Developed Countries ◽  
Global Market ◽  
Cultural Development ◽  
High Tech ◽  
Foreign Countries ◽  
The Impact ◽  
Innovation Processes

The article considers the issue of the impact of innovation processes on the principles of marketing in foreign countries. It is studied that the emergence of global digital platforms, new business models also leads to the commercialization of such concepts as “talent”, “the field of progressive industry”, “high technology”. The introduction and active dissemination of innovative processes contributes to the growth of welfare, balanced technological, economic and socio-cultural development of society, ensures a high level of economic development in the world market. In recent decades, economically developed countries have seen a steady trend of increasing spending on the development of scientific and technical industries. The share of scientific knowledge in these countries accounts for 70% to 85% of GDP growth. The rapid pace of production of high-tech goods and technologies on a global scale contributes to the formation of a global market saturated with innovation as a new segment of the global economic space with its own characteristics and contradictions. The study of the impact of innovation processes on the principles of marketing; in particular the processes of its rapid development are relevant issues today. After all, active participation in the international market of innovation processes is a guarantee of access to advanced knowledge, stimulation of internal innovation, increasing the productivity of economic processes. Ensuring participation in the global market of innovation processes is possible only through the skilled use of international marketing tools and taking into account its distinctive features, such as rapid market volatility, short life cycle, lack of knowledge and difficulties in evaluating the product by customers, complexity of pricing and the need to adapt innovation. The peculiarities of the influence of innovation processes on the principles of marketing in foreign countries at the level of international marketing to determine the priority areas of its development in the market are analyzed. The study emphasizes that innovation is the driving force of entrepreneurship. The most favorable environment for the development of innovation is competition, in which each entrepreneur seeks to gain a competitive advantage through the introduction of innovation. It is proved that the main stimulus for the introduction of innovations is the possibility of obtaining additional profit (monopoly rent) due to the presence of significant differences in the production and sale of products on the market.

scholarly journals Flying with two wings or coming of age of copyrightisation? A historical and socio-legal analysis of copyright and business model developments in the Chinese music industry

2021 ◽  
pp. 205943642199846
Author(s):  
Zhen Troy Chen
Keyword(s):  
Business Models ◽  
Coming Of Age ◽  
Music Industry ◽  
Ecosystem Model ◽  
Global Market ◽  
Copyright Law ◽  
Legal Analysis ◽  
Business Studies ◽  
Legal Studies ◽  
Chinese Music

Following the third copyright law amendment in China, this paper offers a timely contribution to the debates on the shifting policy, governance and industry landscape of the Chinese music industry. This paper conducts a historical and socio-legal analysis of the development of Chinese copyright law with regards to the music industry and argues that the Chinese digital music industry has developed to a stage where three business models collide, namely the cultural adaptation model, the renegade model and the platform ecosystem model. This paper draws on interdisciplinary literature and discourses from legal studies, business studies and cultural studies and provide new evidence of the much neglected autonomous development of Chinese copyright law on top of foreign pressure and the desired reforms to further integrate into the global market economy.

Integration of the concept of lean manufacturing and digital technologies of high-tech enterprises in modern conditions

2020 ◽  
pp. 105-113
Author(s):  
Н.С. Хорошавина ◽  
М.С. Абрашкин
Keyword(s):  
Lean Manufacturing ◽  
Process Management ◽  
Business Processes ◽  
Digital Technologies ◽  
Balance Of Power ◽  
Global Market ◽  
High Tech ◽  
Successful Implementation ◽  
Modern Business ◽  
Business Conditions

Цифровые технологии существенно влияют на мировой рынок, внося коррективы в расстановку сил на нем. Используемые ранее подходы к управлению бизнес-процессами становятся не актуальными в современных условиях. Без цифровизации наукоемкие производства будут не способны выдержать конкурентную борьбу, и вынуждены будут уйти с рынка. В то же время современные условия хозяйствования диктуют необходимость постоянного совершенствования бизнес-процессов наукоемких предприятий, их оптимизации. Данные принципы являются основой концепции бережливое производство, реализация которых становится более эффективной при условии использования цифровых технологий. В статье рассмотрены вопросы интеграции концепции бережливое производство и цифровых технологий на наукоемких предприятиях. Показан пример успешной реализации принципов данной концепции с использованием цифровых подходов к оптимизации бизнес-процессов наукоемкого производства. В современных условиях важнейшим активом любого предприятия, в том числе и наукоемкого производства, являются данные. Реализация принципов бережливого производства требует обработки значительного объема информации. Цифровые технологии позволяют анализировать информационные потоки в режиме реального времени, моделировать бизнес-процессы и тем самым, способствуют более качественному и оперативному принятию решений по оптимизации бизнес-процессов наукоемких производств. Только объединив принципы концепции бережливое производство и возможности, которые дает цифровизация, наукоемкие предприятия смогут не просто удержать свои конкурентные позиции на рынке, но и перейти на более качественный уровень своего развития. Digital technologies significantly affect the global market, making adjustments to the balance of power in it. Previously used approaches to business process management are no longer relevant in modern conditions. Without digitalization, high-tech industries will not be able to withstand competition and will be forced to leave the market. At the same time, modern business conditions dictate the need to constantly improve the business processes of high-tech enterprises and optimize them. These principles are the basis of the concept of lean manufacturing, the implementation of which becomes more effective when using digital technologies. The article deals with the integration of the concept of lean manufacturing and digital technologies in high-tech enterprises. An example of successful implementation of the principles of this concept using digital approaches to optimizing business processes in high-tech production is shown. In modern conditions, the most important asset of any.

From the Rise of Authentic Italian Restaurants in America to the Creation of New Multicultural Food Tourism Experiences

2021 ◽  
Vol 21 (1) ◽  
pp. 5-16
Author(s):  
Alessandra Campanari ◽  
Alessio Cavicchi
Keyword(s):  
Cultural Heritage ◽  
Business Models ◽  
Business Environment ◽  
Ethnographic Study ◽  
Italian American ◽  
The Us ◽  
The Creation ◽  
Food Tourism ◽  
Globalized World ◽  
Food Identity

With the emergence of culinary multiculturalism in the globalized world, ethnic restaurants have become central symbols of postmodern life, no longer relegated to a domestic and community sphere, but able to attract non-ethnic customers without necessarily destroy food cultural heritage. In line with this trend, the article aims to contribute to the literature on new food tourism experiences by examining contemporary Italian restaurants in the US to investigate how Italian food identity in ethnic restaurants is advertised and sold. Starting from the literature on Italian culinary immigration in America, from the rise of the first Italian restaurants to the invention of the Italian American culinary tradition, the article provides an ethnographic study to understand the changing business environment that is leading new entrepreneurs in foodservice to diversify their business models towards the creation of new food tourism experiences as a result of an ever-changing dialogue between tradition and innovation.

Bucking the Trend: A Look at Zyme Solutions' Non-linear Business Model for IT Services from India

2011 ◽  
Vol 15 (01) ◽  
pp. 37-62 ◽  
Author(s):  
D.V.R. Seshadri
Keyword(s):  
Business Model ◽  
Service Provider ◽  
Business Models ◽  
Linear Growth ◽  
High Tech ◽  
Data Service ◽  
It Services ◽  
Software Companies ◽  
Non Linear ◽  
Vertical Market

The case describes XGen Technologies (name disguised), an India-based IT Enabled Services (ITES) company having to grapple with the issues of linear growth. The company's headcount had touched a whopping 40,000 and managing such a large setup was becoming a severe challenge, putting immense pressure on Partha Sen, the CEO, to adopt an innovative business model to sustain historical growth rates of revenue and profitability. This situation was similar to what most Indian ITES companies faced: they had been clocking impressive growth, yet there were concerns about the future. The case then describes some of the strategies that software companies have been adopting in order to achieve greater non-linearity in their business. In particular, the case concentrates on Zyme Solutions, Inc., a fully outsourced hosted data service provider to the high-tech vertical market, which has built as a non-linear business from the ground up, without the legacy of the linear business models to contend with. Students are put in the place of Partha Sen, having to decide on an approach that established companies like XGen could adopt to transit to a non-linear model.

scholarly journals Agile Elastic Desktop Corporate Architecture for Big Data

2020 ◽  
Vol 20 (3) ◽  
pp. 15-31
Author(s):  
Valentin Kisimov ◽  
Dorina Kabakchieva ◽  
Aleksandar Naydenov ◽  
Kamelia Stefanova
Keyword(s):  
Big Data ◽  
Data Processing ◽  
Business Environment ◽  
Digital Transformation ◽  
Big Data Processing ◽  
Online Business ◽  
New Challenges ◽  
Corporate Architecture ◽  
Effective Use ◽  
Corporate Business

AbstractNew challenges in the dynamically changing business environment require companies to experience digital transformation and more effective use of Big Data generated in their expanding online business activities. A possible solution for solving real business problems concerning Big Data resources is proposed in this paper. The defined Agile Elastic Desktop Corporate Architecture for Big Data is based on virtualizing the unused desktop resources and organizing them in order to serve the needs of Big Data processing, thus saving resources needed for additional infrastructure in an organization. The specific corporate business needs are analyzed within the developed R&D environment and, based on that, the unused desktop resources are customized and configured into required Big Data tools. The R&D environment of the proposed Agile Elastic Desktop Corporate Architecture for Big Data could be implemented on the available unused resources of hundreds desktops.

scholarly journals An Analysis of Employee Satisfaction as a Reliable Predictor of Employee Retention in MNCS Working in India.

2020 ◽  
Vol 9 (1) ◽  
pp. 1478-1486
Keyword(s):  
Financial Services ◽  
Employee Satisfaction ◽  
Business Environment ◽  
Global Market ◽  
Business Growth ◽  
Statistical Tool ◽  
Know How ◽  
Knowledge Based ◽  
Level Of Satisfaction ◽  
Variance Calculation

Today, the constantly changing environment, global competition, the nature of work made companies to realize the importance of employee satisfaction for the success of organization. Now-days the competitive advantage of most companies on global market lies in the ability to create a profit driven not only by cost efficiency, but by the ideas and intellectual know-how. The networked and knowledge-based environment made the intangible assets like skills, relations and reputations of highest value. Employee satisfaction is the pleasurable emotional state resulting from the appraisal of one’s jobs as achieving or facilities the achievement of one’s job values. It is a measure of workers contentedness with their job. Every industry has different business environment, different policies for employment and different compensation measures. With the objective to analyzing the influencing factors, best policies of job satisfaction and its impact on business growth, the author decided to investigate the level of employee satisfaction in six industries namely: INFOSYS, HCL, Technologies Tech Mahindra, Oracle Financial Services, Wipro and Tata Consultancy Services. The researcher prepared questionnaire for the employees and get it filled from 303 respondents from these industries. In order to find level of satisfaction among employees of different industries, it was subjected to T-test statistical tool for variance calculation. The study concluded with the statement that the HR policies are different in different industries. The way they are implemented in different organizations has a great impact on employee satisfaction and retention.

scholarly journals Comparative Advantages of National Pharmaceutical Industries through the Prism of New Indicators

2020 ◽  
Vol 89 (2-3) ◽  
pp. 48-58
Author(s):  
O. B. Salikhova
Keyword(s):  
Developing Countries ◽  
Pharmaceutical Industry ◽  
Capacity Building ◽  
Value Added ◽  
Global Market ◽  
High Tech ◽  
Medical Products ◽  
Comparative Advantages ◽  
Pharmaceutical Industries ◽  
Production Facilities

Specific ways of the emergence of new actors in the global market of pharmaceutical goods is investigated, with substantiating the role of transnational corporations (TNC), their investment and technologies in establishing pharmaceutical industries in developing countries. The cases of Puerto Rico and Ireland are taken in order to demonstrate the background for expansion of manufacturing of medicines and medical products and analyze the tendencies in their export capacity building. The factors making pharmaceutical TNC transfer production facilities to India and China are substantiated and implications of this process are highlighted. It is revealed that due to the production internationalization, countries that had been net importers of pharmaceuticals just several decades ago have joined the group of key suppliers to external markets. Because American and European TNC are leading in the pharmaceutical industry by R&D expenditure, they are the principal holders of advanced technologies in the industry. It follows that manufacturing of medicines and medical products in most part of countries either directly or indirectly depend on innovative products of TNC and their technology transfer via various channels (both licensing and imports of components, active pharmaceutical ingredients in particular). It is shown that with the emergence of new market actors coming from developing countries, traditional approaches to determining comparative advantages of counties in the global trade need to be improved. The cases of countries that are recipients of foreign technologies, on which territories powerful high tech pharmaceutical production facilities with high shares of intermediate consumption and heavy export supplies are located due to TNC investment or local public-private capital, give evidence that the classical RCA indicator allows to measure visible comparative advantages in the trade in goods rather than revealed ones. It is proposed that analyses of advantages at country level should include the indicator of high tech goods supplies, to provide for a more accurate description of the innovation component in advanced industries. A new approach to the assessment of comparative advantages of high tech pharmaceutical manufacturing is proposed and tested, which is based on the principle of specialization and use of the ratio of Comparative Advantage in Value Added Activity (CAVA) in particular. It is revealed that the pharmaceutical industry of Ireland, Jordan, Singapore, India or Columbia, with reliance on foreign investment and technologies, could gain advantages in value added creation and dominate the national economies. It is shown that Ukraine is enhancing the advantages in value added creation in the pharmaceutical industry; is it substantiated that due to low R&D and innovation performance and heavy dependence on imported components, capacity building of this industry and its current advantages result from global tendencies and global market conjunctures rather than from the implementation of the national science & technology priorities. According to the author’s recommendation, the proposed approach to determining comparative advantages in value added creation should be used for the assessment of other high tech industries, apart from the pharmaceutical industry, and that is should be supplemented by statistical tools for analysis of foreign trade in finished and intermediate high tech goods.

scholarly journals Sustainable Technologies Supported by Project-Based Learning in the Education of Engineers: A Case Study from Poland

Energies ◽  
2022 ◽  
Vol 15 (1) ◽  
pp. 278
Author(s):  
Marzena Podgórska ◽  
Iwona Zdonek
Keyword(s):  
Sustainable Development ◽  
Business Models ◽  
Well Being ◽  
Good Health ◽  
Business Environment ◽  
Project Based Learning ◽  
Sustainable Business ◽  
Sustainable Technologies ◽  
Sustainable Business Models ◽  
Visualization Techniques

The aim of the article is to examine technological innovations developed by engineers as part of Project-Based Learning at one of the Polish technical universities. We examined whether the innovations being developed meet the goals of sustainable development and whether they provide the basis for the introduction of sustainable business models. We analyzed reports from 49 projects implemented in the years 2018–2020 in which 146 scientists, 282 students of the Silesian University of Technology, and 126 experts from the university’s business environment were involved. We performed the analysis using content analysis and visualization techniques. The results show that the studied innovations implement the goals of sustainable development and most of them may become the basis of sustainable business models. The most frequently pursued goals are Industry, Innovation, and Infrastructure and Good Health and Well-Being. Most of the studied innovations can become the basis of the archetype of a sustainable business model called “maximize material and energy efficacy”. We also provide the characteristics of projects that implement the diagnosed goals of sustainable development.

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