scholarly journals Empirical Evidence of a Changing Operating Cost Structure and Its Impact on Banks’ Operating Profit: The Case of Germany

2020 ◽  
Vol 13 (10) ◽  
pp. 247
Author(s):  
Florian Diener
Keyword(s):  
Business Models ◽  
Banking Sector ◽  
Service Providers ◽  
Technological Development ◽  
Operating Cost ◽  
Principal Component ◽  
Secondary Importance ◽  
Operating Profit ◽  
New Business ◽  
Expense Preference

The financial sector is undergoing extensive changes and challenges that affect the entire market and infrastructure of financial service providers. Technological development leads to increased digitalisation and allows new business models to emerge. With regard to the banking sector, it is evident that this sector is characterized by employees and associated services. However, due to changing conditions, a decline in personnel has been recorded for many years. This raises the question as to what extent—based on contrary assumptions of the principle agency theory and the expense preference hypothesis—personnel changes influence the operational success of banks. On this basis, six hypotheses were formulated and tested. The principal component analysis method was applied to prepare the data. Afterwards, the actual analysis was carried out using a mixed method approach. The results on the basis of the years 2013–2017 showed a negative personnel development, which contributed to the improvement of the operating results of banks. Hereby it becomes evident that the business model design of savings and cooperative banks is of secondary importance.

Sustainable life cycle offers through cooperation

2015 ◽  
Vol 4 (1) ◽  
pp. 4-24 ◽  
Author(s):  
Julia Selberherr
Keyword(s):  
Sustainable Development ◽  
Life Cycle ◽  
Business Model ◽  
Value Creation ◽  
Business Models ◽  
Service Providers ◽  
Construction Sector ◽  
Content Type ◽  
New Business ◽  
Societal Level

Purpose – Sustainable buildings bear enormous potential benefits for clients, service providers, and our society. To release this potential a change in business models is required. The purpose of this paper is to develop a new business model with the objective of proactively contributing to sustainable development on the societal level and thereby improving the economic position of the service providers in the construction sector. Design/methodology/approach – The modeling process comprises two steps, the formal structuring and the contextual configuration. In the formal structuring systems theory is used and two levels are analytically separated. The outside view concerns the business model’s interaction with the environment and its impact on sustainability. The inside view focusses on efficient value creation for securing sustainability. The logically deductively developed business model is subsequently theory-led substantiated with Giddens’ structuration theory. Findings – The relevant mechanisms for the development of a new service offer, which creates a perceivable surplus value to the client and contributes to sustainable development on the societal level, are identified. The requirements for an efficient value creation process with the objective of optimizing the service providers’ competitive position are outlined. Research limitations/implications – The model is developed logically deductively based on literature and embedded in a theoretical framework. It has not yet been empirically tested. Practical implications – Guidelines for the practical implementation of more sustainable business models for the provision of life cycle service offers are developed. Social implications – The construction industry’s impact requires it to contribute proactively to a more sustainable development of the society. Originality/value – This paper analyzes the role for the players in the construction sector in proactively contributing to sustainable development on the societal level. One feasible strategy is proposed with a new business model, which aims at cooperatively optimizing buildings and infrastructures and taking the responsibility for the operating phase via guarantees.

DIGITALIZATION AS A NEW PARADIGM OF SOCIO-ECONOMIC DEVELOPMENT

2020 ◽  
Vol 5 (11) ◽  
pp. 5-9
Author(s):  
T. S. KOLMYKOVA ◽  
◽  
S. V. KLYKOVA ◽  
N. Yu. MAKAROV ◽  
◽  
...  
Keyword(s):  
Business Models ◽  
Technological Development ◽  
Digital Data ◽  
New Paradigm ◽  
Positive Effects ◽  
Production Factors ◽  
Role Of The State ◽  
New Business ◽  
Structured Information

The article examines the substantive aspects of digitalization as a new paradigm of technical and technological development. The features that distinguish the digital economy are structured. Information, knowledge and digital data are key production factors. Digitalization is considered as a modern tool for ensuring economic growth. It leads to the emergence of positive effects: the emergence of new business models, the creation of a basis for breakthrough innovations, and ensuring competitiveness in the long term. The important role of the state in the implementation of largescale investments, which are the drivers of the development and implementation of digital technologies, was noted.

Towards responsive workplaces – identifying service paths for time- and place-independent work

2017 ◽  
Vol 19 (3) ◽  
pp. 144-156 ◽  
Author(s):  
Vitalija Petrulaitiene ◽  
Eelis Rytkönen ◽  
Suvi Nenonen ◽  
Tuuli Jylhä
Keyword(s):  
Knowledge Creation ◽  
Service Providers ◽  
Technological Development ◽  
Knowledge Worker ◽  
End Users ◽  
Technological Advancement ◽  
Work Processes ◽  
Content Type ◽  
New Business ◽  
Service Oriented

Purpose The need to understand work processes and end-users has become an issue in corporate real estate and workplace management. Flexible work practices and technological advancement allow end-users to move outside the building boundaries. This influences workplace management to become more service-oriented and demand-driven, and better serve the needs of end-users. For that, this paper aims to investigate the ways in which new workplace services support the knowledge creation processes of mobile workers. Design/methodology/approach This study is exploratory and follows a multiple-case study strategy. Literature is reviewed on workplace and knowledge theories, and the market analysis consists of data from 57 firms that offer services to support the mobile knowledge worker. Findings Workplace services were categorized into three new groups that support knowledge creation processes for the mobile knowledge worker in various work environments. The analysis indicated that new services are driven by technological development and community formation around the physical or virtual place. Practical implications The proposed service groups can be examined as new business opportunities by workplace service providers, and the results suggest that the CRE managers should re-think their service portfolios, boost their collaboration with the service providers and invest in building a community. Originality/value This paper categorizes workplace services from a mobile knowledge worker perspective and follows a service-oriented approach to workplace management.

scholarly journals Rola banków i sektora FinTech w świetle implementacji dyrektywy PSD2 ​

2018 ◽  
pp. 159-169
Author(s):  
Jacek Grzywacz ◽  
Ewa Jagodzińska-Komar
Keyword(s):  
Financial Services ◽  
Business Models ◽  
Banking Sector ◽  
Banking System ◽  
Technical Standards ◽  
Innovative Solutions ◽  
New Business ◽  
Close Cooperation ◽  
Changing Role

The aim of the article is to define the prospects for the development of cooperation between the banking sector and FinTech in the context of the implementation of the PSD2 directive. First, attention was drawn to the changing role of banks that have already taken actions to use the opportunities related to the implementation of this EU regulation of the European payments market. It has been pointed out that the opening of the banking system will result in close cooperation with the FinTech sector, so-called API economics, and this will affect the emergence of new business models. Next, new solutions developed in the PSD2 Directive were presented, with reference to new regulatory technical standards between the banking sector and third parties. The last issue raised in the article concerns cooperation between banks and the FinTech sector. Financial institutions should use innovative solutions offered by fintechs and thanks to that they will increase operational efficiency and create products and services better suited to clients' needs. In the next years, it will be possible to observe how the financial services market will change and which entities will play a significant role in it.

scholarly journals Challenges of SOA adoption in the Telco domain for Latin American researchers

2015 ◽  
Vol 24 (39) ◽  
pp. 9 ◽  
Author(s):  
Fernando Mendioroz-Cotelo ◽  
Álvaro Rendón-Gallón ◽  
Juan Carlos Corrales-Muñoz ◽  
Julián Andrés Rojas-Meléndez
Keyword(s):  
Latin American ◽  
Business Models ◽  
Service Providers ◽  
Mobile Network ◽  
Telecommunication Service ◽  
Paradigm Shifts ◽  
New Business ◽  
Service Oriented ◽  
Common Interests ◽  
Mobile Network Operators

<span>Telecommunication service providers such as Mobile Network Operators are currently under the vortex <span>arising from paradigm shifts imposed by the omnipresence of the Internet. The adoption of Service Oriented <span>Architecture and the shift to Next Generation Networks constitute some of the efforts of these organizations <span>at the conflence toward these new business models. This article introduces a review of the concepts behind <span>these proposals within Telco organizations, identifis gaps and discusses about the challenges that research <span>and development groups are facing in the Latin American context; obstacles to overcome for converging and <span>creating a synergic environment of common interests oriented to the innovation around the subject.</span></span></span></span></span></span><br /><br class="Apple-interchange-newline" /></span>

scholarly journals Fintech Development: The Trends and Consequences for the Financial Services Market

2021 ◽  
Vol 8 (523) ◽  
pp. 173-183
Author(s):  
A. Y. Semenog ◽  
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Business Models ◽  
Service Providers ◽  
Security Systems ◽  
The Public ◽  
Financial Products ◽  
New Business ◽  
Cutting Out ◽  
Separate Product

The article is aimed at determining the consequences of digitalization and development of the fintech sector for the financial services market. According to the results of the analysis, a number of transformational trends for the financial services market are identified and characterized, among which the major ones: disintermediation in the financial services market – as a process of «cutting out» the classical financial institutions from the direct process of financial asset exchange; democratization of financial services processes – as a process of expanding the range of financial products; disaggregation of financial services – as a process of splitting financial services into separate financial products; increasing the inclusiveness of financial services, which provides better availability for different categories of customers; emergence of decentralized finances – as a concept and ecosystem of financial services, in which the provision of financial services and products is carried out directly without traditional financial intermediaries within the public open and decentralized blockchain network; development of automation and virtualization of financial services, which involves the widespread use of artificial intelligence technologies, algorithmic assessment of customer creditworthiness, autonomous risk management, automated trading on the exchange, the work of virtual assistants, robo-advisers and security systems against fraud; appearance of built-in financial products as part of services outside of the applications of financial institutions. The consequence of these trends is a reduction in the demand for financial services as a separate product of classical financial institutions; reducing the profits of traditional financial service providers; expansion of new business models of financial services provision in cooperation with technology companies; increasing the need to update the regulatory support of financial services processes, as well as the integration of mass financial products into the client offers of non-financial companies within a single ecosystem of products and services of a digital company.

scholarly journals New Banks’ Business – Rating Competence for the Real Sector

2017 ◽  
Vol 8 (1) ◽  
pp. 124-132
Author(s):  
Gunther Meeh-Bunse ◽  
Anke Hermeling
Keyword(s):  
Business Models ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Supplier Evaluation ◽  
Rating Data ◽  
New Business ◽  
Internal Rating ◽  
Financial Soundness ◽  
The Global Financial Crisis ◽  
Credit Institutions

Abstract Background: The global financial crisis has revealed the urgency of changes in the business models of banks around the world. Due to rising regulatory costs and the effects of the low-interest rate phase, the revenue of banking sector is under pressure. Banks have to generate new sources of revenue. A conceivable externalization of bank internal rating data is appropriate. This available knowledge has a potential to generate new business potentials. Objectives: The goal of this paper is to compare the procurement of internal ratings by credit institutions and the supplier evaluation, particularly regarding the assessment of their financial capacity, as well as the identification of potential interfaces. Methods/Approach: The methods used in the research included an example-oriented presentation and an analysis of indicator systems aimed at assessing the financial soundness within the internal rating by credit institutions and the supplier evaluation. Results: Results show the intersections between the two evaluation systems. Conclusions: Despite the determination of evaluation results by their objective function, apparently significant trends of financial (dis)soundness can be recognized as a part of the two evaluating systems. This result provides starting points to initiate the discussion about a possible (partial) externalisation of internal ratings by credit institutions to be used for the supplier evaluation.

Guest Editorial: Building Trust in Additive Manufacturing, Layer by Layer

2021 ◽  
Vol 73 (08) ◽  
pp. 10-12
Author(s):  
Brice Le Gallo ◽  
Sastry Yagnanna Kandukuri
Keyword(s):  
Additive Manufacturing ◽  
Business Models ◽  
Oil And Gas ◽  
Service Providers ◽  
Layer By Layer ◽  
Carbon Footprints ◽  
Building Trust ◽  
Design Engineers ◽  
New Business ◽  
Traditional Manufacturing

Nearly three-quarters (71%) of senior oil and gas professionals have sharpened their focus on digitalization over the past year, according to a 2021 survey by DNV (DNV Outlook). The pandemic has not only increased attention on how digital solutions can make organizations more adaptable and cost efficient, it has also forced companies to discard the normal rules and become more open to change. While data collaboration, cloud-based applications, and remote surveillance top the investment priorities for the year ahead, a growing number of respondents (7%) see additive manufacturing (AM)—the industry equivalent of 3D printing—on their spending list. As an emerging technology, AM uses 3D model data to fabricate parts, enabling, among other benefits, significant cost and time savings in contrast to many traditional manufacturing methods, where the final parts are machined out of a pre-made form. Its purpose is to alleviate and avoid long, expensive production shutdowns and reduce supply chain carbon footprints. Building trust in “printed” parts is key to unlocking this potential. Rapid, Reliable Reproduction The global AM market is expected to reach $350 billion by 2035 (DailyAlts 2021). The technology also has the potential to be enhanced by—or in the other direction, augment—other digital solutions, given it is based on a 3D file. Though accelerating at a slower rate compared to the aerospace and automotive industries, there is increased pressure to shorten the development cycle of components for the oil, gas, and renewables sectors and perform rapid proto-typing and testing of new, more sustain-able concepts. New business models will be developed and a new way of thinking adopted by design engineers to fully utilize its potential (DNV Technology Outlook 2030). To support the digital transformation of the energy industry, DNV, which has been actively investigating the potential of AM since 2014, has unveiled a new service specification document to ensure AM products, assets, and systems are safe, economical, and efficient. DNVGL-SE-0568 “Qualification of Additive Manufacturing Service Providers, Manufacturers, and Parts,” is part of a portfolio of six different AM-related standards and recommended practices (Fig. 1).

Enablers and Inhibitors of Merchant Adoption of Mobile Payments

2020 ◽  
pp. 227-250
Author(s):  
Eunice Yeboah Afeti ◽  
Joshua Ofori Amanfo
Keyword(s):  
Business Models ◽  
Service Providers ◽  
Security And Privacy ◽  
Mobile Payment ◽  
Privacy Concerns ◽  
Mobile Payments ◽  
Brick And Mortar ◽  
New Business ◽  
New Business Models

Merchant adoption of mobile payments is facilitating new business models and changing the way merchants run their brick and mortar businesses. Despite the advantages of mobile payment adoption to the merchant, they still hesitate to adopt mobile payments. Thus, the study seeks to explore qualitatively through a case study the enablers and inhibitors to merchant adoption of mobile payments. The study identified that merchants are adopting mobile payments to facilitate new business models, to promote the disintermediation of traditional intermediaries, to offer different possibilities of growing their businesses, and to reduce transaction costs. Even though merchants believe that mobile payments adoption and use improve operational efficiency to their businesses, there are instances of fraud, particularly in the peer-to-peer transfer sector, data breaches, data security, and privacy concerns. Therefore, it is imperative for service providers of mobile payments to enhance technological issues regarding privacy protection that could enhance trust towards mobile payment adoption.

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.

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