scholarly journals An Eco-Systematic View of Cross-Sector Fintech: The Case of Alibaba and Tencent

2020 ◽  
Vol 12 (21) ◽  
pp. 8907
Author(s):  
Yingying Zhang-Zhang ◽  
Sylvia Rohlfer ◽  
Jay Rajasekera
Keyword(s):  
Business Model ◽  
Financial Services ◽  
Business Models ◽  
Ecosystem Dynamics ◽  
Comparative Case Study ◽  
Case Study Method ◽  
Novel Ecosystem ◽  
Functional Perspective

This paper explores the most recent Fintech (financial technology) phenomenon from an ecosystem perspective. Differentiated from the earlier Fintech evolution led by traditional financial institutions, “cross-sector” Fintech that operates at the intersection of financial services and information technology disrupts existing business models of banks while creating novel ecosystem dynamics. This study explores the Fintech ecosystem composition to understand better business model innovation based on underlying ecosystem dynamics while focusing on the specific role of cross-sector actors. These actors have escaped scrutiny despite being mature and experienced and having strong resource bases. Adopting a comparative case study method by considering the China-based Alibaba Group and Tencent, the study’s findings indicate that novel business model developments based on strong technological expertise and scale-based resources by cross-sector Fintech render a functional perspective on fast-developing Fintech industry less practical. Apart from cross-sector Fintech, investors constitute a new dimension in the conceptualization of the Fintech ecosystem. Overall, the interconnectedness of the cross-sector Fintech beyond the Fintech sectors drives the fuzzy boundaries between ecosystems, established business models, terminology definitions, ecosystem actors’ roles and relationships, which appear to become more heterogeneous and changeable over time. The study contributes to the scant literature on Fintech ecosystems and their sustainable development.

Crowdsourcing business models that last

2017 ◽  
Vol 38 (2) ◽  
pp. 25-32 ◽  
Author(s):  
Thomas Kohler ◽  
Marco Nickel
Keyword(s):  
Business Model ◽  
Business Models ◽  
Comparative Case Study ◽  
Corporate Value ◽  
Sustainable Business ◽  
Value Capture ◽  
Content Type ◽  
Original Contribution ◽  
Practical Implications

Purpose The purpose of this paper is to discuss how to sustain crowdsourcing business models. Emerging companies are innovating their business model to rely on a crowd of participants and involve contributing users in value capture. While some organizations demonstrate initial success, sustaining a crowdsourcing business model is challenging. Design/methodology/approach The study is based on a comparative case study of the prominent crowdsourcing communities Threadless and Quirky. Participatory observation resulted in over 380 analyzed comments. Findings Seven lessons from Threadless’s success and Quirky’s failure are discussed to derive implications for sustaining crowdsourcing business models. Research limitations/implications Because both cases are integrator platforms build around contests, other crowdsourcing platform types should be studied to enrich the findings. Practical implications Managers receive guidance on how to design a sustainable business model that involves the crowd in creating value and lets the crowd participate in value capture. Originality/value Current research primarily addresses the question of how companies can take advantage of crowdsourcing and mainly considers corporate value capture. The original contribution of this article is a set of strategies to sustain crowdsourcing platforms by taking a platform’s entire business model into account.

scholarly journals Can The Business Model Of Handelsbanken Be An Archetype For Small And Medium Sized Banks? A Comparative Case Study

2014 ◽  
Vol 30 (3) ◽  
pp. 869 ◽  
Author(s):  
Morten Kousgaard Larsen ◽  
Jacob Lange Nissen ◽  
Rainer Lueg ◽  
Christian Schmaltz ◽  
Joachim Rojkjaer Thorhauge
Keyword(s):  
Business Model ◽  
Business Models ◽  
Banking Sector ◽  
Comparative Case Study ◽  
Successful Business

The Danish Banking sector faces increasing requirements regarding regulation and profitability, which especially threatens small and medium sized banks. This study analyzes whether the successful business model of Handelsbanken (The Handelsbanken Way) can serve as a blueprint for small and medium sized banks. We conduct a comparative case study by interviewing Handelsbanken and the disguised Danish Local Bank (DLB). The DLB is a representative example of small and medium sized Danish banks. This study is structured according to the frameworks from business model implementations and from implied organizational structures.Using the notion of Osterwalder and Pigneur (2010), this study reveals only minor differences in the business models of Handelsbanken and DLB. Despite the supposedly obvious advantages of The Handelsbanken Way, this study suggests that the financially troubled small and medium sized banks in Denmark will not necessarily benefit from the tactical choice of decentralization unless they incorporate specific adjustments. This study contributes to the existing theory if Handelsbankens approach to banking can improve the situation of financially troubled small and medium sized banks.

scholarly journals A case study on business model innovations using Blockchain: focusing on financial institutions

2017 ◽  
Vol 11 (3) ◽  
pp. 335-344 ◽  
Author(s):  
JaeShup Oh ◽  
Ilho Shong
Keyword(s):  
Business Model ◽  
Financial Institutions ◽  
Financial Services ◽  
Business Models ◽  
Measurement Data ◽  
Actual Measurement ◽  
Content Type ◽  
Blockchain Technology ◽  
Insufficient Amount

Purpose Blockchain is a distributed ledger, in which the blocks containing transaction details are connected chronologically to form a series of chains, thus raising the possibility of improving the process and innovating business model for the financial institutions. The purpose of this paper is to study the actual cases of Blockchain applied in Korea in 2017, so that a vision of business model innovation of financial institutions can be drawn. Design/methodology/approach The financial institutions in Korea are in the technology verification stage to introduce Blockchain technology. Since there is an insufficient amount of actual measurement data, case study method was adopted. The authors interviewed ICT officers of major banks in Korea. The purpose of the interview was to understand the relationship between Blockchain and business models of financial institutions, and the effects and challenges that Blockchain has on the business model of financial institutions. Findings From the perspective of financial institutions, the emergence of Blockchain does not just have technical significance – emergence of highly efficient database system – but has the possibility that if the business model of existing financial intermediaries disappears or get reduced, the financial services relying on them can disappear altogether, or some of them can be replaced, and financial transaction patterns of consumers can be changed. As a case studies researched for this paper, it was discovered that the distributed characteristic of Blockchain cannot be applied when actually developing financial services.

scholarly journals Design Thinking to Reinvent Values in a Business Model: a 4-Step Approach Using Ideation Virtual Tools

2022 ◽  
Author(s):  
Elina Mikelsone ◽  
Inga Uvarova ◽  
Jean-Pierre Segers
Keyword(s):  
Business Model ◽  
Business Models ◽  
Design Thinking ◽  
Idea Generation ◽  
Management Approach ◽  
Case Study Method ◽  
Virtual Tools ◽  
Value Propositions ◽  
Idea Management

Abstract The purpose of this paper is to create and test design thinking approach sequence, to redefine the value proposition. This paper suggests a 4-step systematic design thinking approach sequence to reinvent values in a business model, which was researched by a case study method. Based on the idea management approach the authors describe idea generation and evaluation processes by applying the design thinking approach and their possible moderation elements. Originality/value: a created approach could be applied by the organisations that would like to create new values or reinvent the existing ones in their business models value propositions.

scholarly journals Spreading Sustainability Innovation through the Co-Evolution of Sustainable Business Models and Partnerships

2020 ◽  
Vol 12 (3) ◽  
pp. 1190 ◽  
Author(s):  
Silvia Cantele ◽  
Sara Moggi ◽  
Bettina Campedelli
Keyword(s):  
Business Model ◽  
Business Models ◽  
Economic Benefits ◽  
Sustainable Business ◽  
Enabling Factors ◽  
Business Operations ◽  
The Social ◽  
Sustainable Business Models

Sustainability innovation is often not achievable by a single organisation; even if changes in business operations can lead to great advances towards a more sustainable business model (SBM), the effectiveness of these implementations largely depends on the combined actions of the organisation’s network of partners. The aim of this research is to analyse the way that SBMs and partnerships co-evolve to enhance the sustainability of the involved organisations and spread sustainability culture beyond the network. In doing so, this article presents a case study of the company Alisea as a business operating within a circular business model, along with its network of partnerships. The co-evolution of the business model and partnerships is led by enabling factors that characterise the underlying relationships. The role of cross-sector collaborations is demonstrated in terms of boosting the social and environmental dimensions of the circular business model, enhancing social and economic benefits within and outside the partnerships, and spreading sustainability culture in different sectors.

scholarly journals Family entrepreneurial teams: The role of learning in business model evolution

2020 ◽  
pp. 135050762093409
Author(s):  
Oswald Jones ◽  
Benito Giordano
Keyword(s):  
Business Model ◽  
Business Models ◽  
Cognitive Learning ◽  
Model Evolution ◽  
Staff Members ◽  
Start Up ◽  
Team Based Learning ◽  
Family Based

There is limited research linking entrepreneurial learning and business models in start-up businesses. Business models are important cognitive devices that link entrepreneurial thinking and engagement with customers and suppliers during business start-up. This research examines business model evolution during the first 6 years of a family-based start-up, which was formed in 2008 by 2 young brothers. The business grew quickly and achieved a turnover of £4.5 million with 15 staff members by 2014. The case study contributes a better understanding of ways in which team-based learning in a family business links experiential and cognitive learning during business model evolution.

scholarly journals The role of stakeholders in relation to the business model in the taxi industry

2017 ◽  
Vol 5 (1) ◽  
pp. 3-17
Author(s):  
Jakob Bitsch ◽  
Sara Brochstedt ◽  
Alexander Hjerrild Holm ◽  
Andreas Knudsen
Keyword(s):  
Business Model ◽  
Stakeholder Theory ◽  
Business Models ◽  
Business Model Innovation ◽  
Multiple Sources ◽  
Taxi Industry

This paper illustrates how business models and business model innovation are related to the theory of stakeholders. Thepaper explores how lack of business model innovation in the taxi industry, can be explained by the relation to the powerand interests of its stakeholders. The authors have employed an explanatory case study, using multiple sources ofevidence, primarily archival records and observations. The research reveals that the business model of the taxi industryhave not experienced major changes, even though the environment surrounding the taxi industry have seen severalchanges. An analysis of the stakeholders of the taxi industry explains that the lack of business model innovation is aconsequence of the misfit between the power of the taxi industry and government, and the customers. The papercontributes to the existing literature of business models, business model innovation and stakeholder theory, and theirrelation in between.

scholarly journals Accepting the Digital Challenge: Business Models and Audience Participation in Online Native Media

2020 ◽  
Vol 1 (1) ◽  
pp. 78-91
Author(s):  
Sara Pérez-Seijo ◽  
Ángel Vizoso ◽  
Xosé López-García
Keyword(s):  
Business Models ◽  
Comparative Case Study ◽  
Online Media ◽  
Audience Participation ◽  
Digital Native ◽  
Quarter Century ◽  
Success Stories ◽  
Role Of The Reader

Since the mid-1990s, many journalistic initiatives have entered the online environment, either as a continuation of brands already consolidated in conventional formats or as native projects of the new medium. In Spain, the online media scene has just completed its first quarter century of life. This said, the aim of this proposal is to present the evolution of the digital native media in Spain in order to compare their current situation with European success stories. For that purpose, we have conducted a comparative case study between three highlighted Spanish digital native news outlets and three from other European countries. The results show a progressive shift towards a member-funded model, while news outlets try to reduce their dependence on advertising. However, the three European natives seem to be more advanced compared to the Spanish cases as these remain still dependent on advertising revenues to stand upright. Furthermore, two models of participation stand out: the user community and, in particular, the model of collaboration networks. Nevertheless, the study reveals how the analyzed European news outlets are changing the role of the reader through innovative forms of participatory interactivity.

Business Model Literature Overview

2014 ◽  
pp. 79-130 ◽  
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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