scholarly journals Emerging Technology and Business Model Innovation: The Case of Artificial Intelligence

2019 ◽  
Vol 5 (3) ◽  
pp. 44 ◽  
Author(s):  
Jaehun Lee ◽  
Taewon Suh ◽  
Daniel Roy ◽  
Melissa Baucus
Keyword(s):  
Artificial Intelligence ◽  
Business Model ◽  
Business Models ◽  
Disruptive Innovation ◽  
Emerging Technology ◽  
Business Model Innovation ◽  
New Business ◽  
Potential Impact ◽  
New Business Models

Artificial intelligence (AI) has been altering industries as evidenced by Airbnb, Uber and other companies that have embraced its use to implement innovative new business models. Yet we may not fully understand how this emerging and rapidly advancing technology influences business model innovation. While many companies are being made vulnerable to new competitors equipped with AI technology, this study attempts to focus on the proactive side of the use of AI technology to drive business model innovation. Describing AI technology as the catalyst of business model innovation, this study sheds light on contingent factors shaping business model innovation initiated by the emerging technology. This study first provides a brief overview of AI, current issues being tackled in developing AI and explains how it transforms business models. Our case study of two companies that innovated their business models using AI shows its potential impact. We also discuss how executives can create an innovative AI-based culture, which rephrases the process of AI-based business model innovation. Companies that successfully capitalize on AI can create disruptive innovation through their new business models and processes, enabling them to potentially transform the global competitive landscape.

New Business Models Sustainability

2021 ◽  
pp. 1-29
Author(s):  
Albérico Travassos Rosário
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Model Innovation ◽  
Primary Data ◽  
Sustainable Business ◽  
Collection Method ◽  
New Business ◽  
Environmental Concepts ◽  
Political Economic ◽  
New Business Models

Increased global concerns about climate change and environmental degradation have attracted attention to sustainable development strategies. Sustainability involves maintaining ecological balance, requiring organizations to integrate social, political, economic, and environmental concepts in their business models. This research chapter aims to explore the new business models associated with increased awareness of sustainability. Literature review methodology was used as the primary data collection method. Four main new business models were identified, including sustainable business model innovation (SBMI), triadic business model (T-Model), circular business model, and Web 2.0-based business model. Despite the differences in definition and implementation of these modern frameworks, innovation and sustainability remain the central concepts of enhancing value creation and capturing. While these business models aim to enhance organizations' capabilities to optimize new opportunities and overcome challenges, they also aim to improve society and protect the environment.

scholarly journals Fashion Technology and the Development of New Business Models

2017 ◽  
pp. 174-210
Author(s):  
Raphayela Belém Schluep
Keyword(s):  
Technological Innovation ◽  
Business Models ◽  
New Technologies ◽  
Business Model Innovation ◽  
Fashion Industry ◽  
New Business ◽  
Multiple Case ◽  
Complex Extension ◽  
New Business Models

This chapter explores the concept and components of business models and particularly, the technological innovation of predominant business models in the fashion industry associated with the phenomenon of convergence. The main inquiry revolves around how business models in the fashion industry are handling the ongoing challenges and changes of new technologies. This multiple-case study validates that technological convergence is the key to accomplishing business model innovation in the fashion industry. Limitations and further research are considered relevant because of the dynamic and complex extension of this topic and the current lack of published material.

scholarly journals Analysis of business models innovation – a multiple case study

2019 ◽  
Vol 16 (1) ◽  
pp. 17-35 ◽  
Author(s):  
Moema Pereira Nunes ◽  
Ana Paola Russo
Keyword(s):  
Business Model ◽  
Business Models ◽  
Multiple Case Study ◽  
Business Model Innovation ◽  
Manufacturing Companies ◽  
Content Type ◽  
Analysis Technique ◽  
New Business ◽  
Multiple Case

Purpose This paper aims to analyze the business model innovation in medium and large Brazilian manufacturing companies located in Rio do Sul State. Design/methodology/approach A holistic multiple case study in five companies was developed. Data were collected through interviews and analyzed according to the content analysis technique. Findings The main motivation to business model innovation was the innovation in products and services, while the difficulties were the factors relating to the cost. The most common practice among cases was innovation in value proposition and the most widely used method was learning-by-searching. While part of the theory was demonstrated in the case studies, new motivations and practices were identified. The investigation of the learning process on business models’ innovation is pioneered in this study. Further studies on this subject are required. Originality/value New business models are likely to provide new opportunities to better address customer needs, generating differentiating itself from its competitors. It is a subject little investigated in the international context, and there are no studies to investigate the experience of Brazilian companies.

scholarly journals The Future of mobile operators - New business models

2018 ◽  
Author(s):  
Jovana Mihailovic
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Model Innovation ◽  
Telecommunication Industry ◽  
Digital World ◽  
Telecommunication Market ◽  
The Future ◽  
New Business ◽  
New Business Models

The aim of this paper is to show rising importance of business model innovation in telecommunication industry. Work gives an overview of telecommunication market, it presents the strategy mobile operators have and challenges they face to adopt to digital world. The main focus is on new business models operators can implement in order to innovate and stay competitive at the market. Cases when operators work in collaboration with startups were analysed and followed by examples from practice. The influence of digitalisation trend on Serbian telecommunication market and how mobile operators respond to it in comparison to other countries were investigated in more detail.

Developing a New Revenue Business Model in Social Network

2015 ◽  
pp. 2126-2150
Author(s):  
Te Fu Chen
Keyword(s):  
Social Networks ◽  
Social Media ◽  
Social Networking ◽  
Business Model ◽  
Business Models ◽  
Service Providers ◽  
Social Networking Service ◽  
New Business ◽  
New Business Models

This chapter focuses on a new business model in social networking, uses platform strategy to discuss possible business models, evaluates the optimal model for partnering with social networking service providers. This research develops a new revenue business model in social networking with a case study and discusses its potential monetization business model. The chapter reviews five business models including: 1) social media startups; 2) challenges social networks face: must monetize or die; 3) a case study of the new effective social business model – Facebook; 4) monetization: Facebook revenue and business model; and 5) a discussion of monetizing social networks: the four dominant business models and how you should implement them in the future. Through a comprehensive review, the chapter proposes a social media monetization model as the reference for firms to implement new business models of social networking.

scholarly journals Management and Organization Review Special Issue ‘Business Model Innovation in Transforming Economies’

2017 ◽  
Vol 13 (2) ◽  
pp. 459-462
Author(s):  
Henk Volberda ◽  
Oli Mihalache ◽  
Carl Fey ◽  
Arie Y. Lewin
Keyword(s):  
Business Model ◽  
Business Models ◽  
Theory Development ◽  
Business Model Innovation ◽  
Special Issue ◽  
Bric Countries ◽  
Start Up ◽  
New Business ◽  
Eastern European Countries ◽  
New Business Models

Transforming economies such as the BRIC countries – Ex-Soviet Republics, or Eastern European countries – share national aspirations of becoming innovation economies. These aspirations have stimulated a push for entrepreneurship and experimentation with new ways of doing things. This has created a fascinating context for research on business model innovation, relating to the way incumbent firms adapt their business models or come up with entirely new models. Similarly, new business models may be originated by start-up companies that often are challenging and leapfrogging the ‘tired’ old business models or simply invent new ones. However, research that specifically explores indigenous business model innovation in the context of these transforming economies is still in its early stages. The MOR special issue on ‘Business Model Innovation in Transforming Economies’ aims to address this gap by soliciting research uncovering successful new business models that is indigenous to these economies, as they transition to becoming innovation economies themselves and contribute to strategy and management theory development.

scholarly journals The Digital Transformation of Business Model Innovation: A Structured Literature Review

2021 ◽  
Vol 11 ◽  
Author(s):  
Selma Vaska ◽  
Maurizio Massaro ◽  
Ernesto Marco Bagarotto ◽  
Francesca Dal Mas
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Model Innovation ◽  
Digital Transformation ◽  
Frugal Innovation ◽  
Disruptive Technologies ◽  
New Business ◽  
Platforms And Ecosystems ◽  
The Impact ◽  
New Business Models

This paper has a two-fold aim: to analyze the development of the digital transformation field, and to understand the impact of digital technologies on business model innovation (BMI) through a structured review of the literature. The results of this research reveal that the field of digital transformation is still developing, with growing interest from researchers since 2014. Results show a need for research in developing countries and for more collaboration between researchers and practitioners. The review highlights that the field is fragmented among disruptive technologies, shared platforms and ecosystems, and new enabling technologies. We conclude that digital transformation has impacted value creation, delivery, and capture in almost every industry. These impacts have led to the employment of a variety of new business models, such as those for frugal innovation and the circular economy.

Fashion Technology and the Development of New Business Models

2017 ◽  
pp. 1-37
Author(s):  
Raphayela Belém Schluep
Keyword(s):  
Technological Innovation ◽  
Business Models ◽  
New Technologies ◽  
Business Model Innovation ◽  
Fashion Industry ◽  
New Business ◽  
Multiple Case ◽  
Complex Extension ◽  
New Business Models

This chapter explores the concept and components of business models and particularly, the technological innovation of predominant business models in the fashion industry associated with the phenomenon of convergence. The main inquiry revolves around how business models in the fashion industry are handling the ongoing challenges and changes of new technologies. This multiple-case study validates that technological convergence is the key to accomplishing business model innovation in the fashion industry. Limitations and further research are considered relevant because of the dynamic and complex extension of this topic and the current lack of published material.

scholarly journals BUSINESS MODEL INNOVATION FOR CIRCULAR ECONOMY: INTEGRATING LITERATURE AND PRACTICE INTO A PROCESS MODEL

2020 ◽  
Vol 1 ◽  
pp. 2119-2128
Author(s):  
M. P. P. Pieroni ◽  
T. C. McAloone ◽  
D. C. A. Pigosso
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
Process Model ◽  
Business Models ◽  
Design Research ◽  
Business Model Innovation ◽  
New Business ◽  
Design Research Methodology ◽  
Practical Demonstration ◽  
New Business Models

AbstractTo implement circular economy, manufacturers will need to develop new business models. Available approaches are granular, generic, infrequently focusing on advice or implementation, and lacking practical demonstration. This article presents how a tool was proposed to cover these gaps. Based on design research methodology, twenty-two conceptual and practical requirements were identified and translated in functions for the development of the Circular Economy Business Model Configurator, a tool that supports manufacturers in strengthening proposals of business models for circular economy.

scholarly journals Management and Organization Review Special Issue ‘Business Model Innovation in Transforming Economies’

2017 ◽  
Vol 13 (4) ◽  
pp. 921-924
Author(s):  
Henk Volberda ◽  
Oli Mihalache ◽  
Carl Fey ◽  
Arie Y. Lewin
Keyword(s):  
Business Model ◽  
Business Models ◽  
Theory Development ◽  
Business Model Innovation ◽  
Special Issue ◽  
Bric Countries ◽  
Start Up ◽  
New Business ◽  
Eastern European Countries ◽  
New Business Models

Transforming economies such as the BRIC countries – Ex-Soviet Republics, or Eastern European countries – share national aspirations of becoming innovation economies. These aspirations have stimulated a push for entrepreneurship and experimentation with new ways of doing things. This has created a fascinating context for research on business model innovation, relating to the way incumbent firms adapt their business models or come up with entirely new models. Similarly, new business models may be originated by start-up companies that often are challenging and leapfrogging the ‘tired’ old business models or simply invent new ones. However, research that specifically explores indigenous business model innovation in the context of these transforming economies is still in its early stages. The MOR special issue on ‘Business Model Innovation in Transforming Economies’ aims to address this gap by soliciting research uncovering successful new business models that is indigenous to these economies, as they transition to becoming innovation economies themselves and contribute to strategy and management theory development.

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