Entrepreneurial or Not?

2016 ◽  
pp. 110-133
Author(s):  
Chitra Buckley
Keyword(s):  
Conceptual Framework ◽  
Business Model ◽  
Early Phase ◽  
Best Practice ◽  
Business Models ◽  
Survival Strategies ◽  
Growth Strategies ◽  
Model Concept ◽  
Micro Enterprises ◽  
Point Of Reference

UK fashion micro-enterprises, often founded by creative individuals, need to be entrepreneurially oriented and develop a business model that sustains their growth during the critical early phase. Literature on this phase offers guidance in best practice and survival strategies for the operational challenges that emerge, however the business models that sustain enterprise development and provide the blueprint for growth strategies have not been examined. This chapter explores how micro-enterprises integrate entrepreneurial actions into their business models. By applying literature on best practice in fashion designer businesses and entrepreneurial orientation (EO) to the business model concept, a conceptual framework is developed and serves as a point of reference to analyse the current business models of five micro-enterprises. The study finds that business models in this segment of the fashion sector are asymmetrical and EO emerges in some components of the business model and not others.

Entrepreneurial or Not?

2020 ◽  
pp. 1797-1818
Author(s):  
Chitra Buckley
Keyword(s):  
Conceptual Framework ◽  
Business Model ◽  
Early Phase ◽  
Best Practice ◽  
Business Models ◽  
Survival Strategies ◽  
Growth Strategies ◽  
Model Concept ◽  
Micro Enterprises ◽  
Point Of Reference

UK fashion micro-enterprises, often founded by creative individuals, need to be entrepreneurially oriented and develop a business model that sustains their growth during the critical early phase. Literature on this phase offers guidance in best practice and survival strategies for the operational challenges that emerge, however the business models that sustain enterprise development and provide the blueprint for growth strategies have not been examined. This chapter explores how micro-enterprises integrate entrepreneurial actions into their business models. By applying literature on best practice in fashion designer businesses and entrepreneurial orientation (EO) to the business model concept, a conceptual framework is developed and serves as a point of reference to analyse the current business models of five micro-enterprises. The study finds that business models in this segment of the fashion sector are asymmetrical and EO emerges in some components of the business model and not others.

Business Model Concept Based on Knowledge in Microenterprise

2017 ◽  
Vol 13 ◽  
pp. 196-204
Author(s):  
Danuta Janczewska
Keyword(s):  
Business Model ◽  
Business Models ◽  
Model Concept ◽  
Horizon 2020 ◽  
Primary Resource ◽  
Modern Business ◽  
The Creation ◽  
Micro Enterprises ◽  
Large Enterprises

Modern business models describe the rules of activities on the market and include the elements of the creation of values for their clients. In the literature, there are examples of business models referring to large enterprises, which indicate key areas and conditions of their operation. Development of entrepreneurship in SMEs, especially in microenterprises is an aim of the Horizon 2020 Programme. Significant participation of SMEs in the economy and problems of entrepreneurship of microenterprises should be attractive for researchers. The goal of the article is the presentation of a business model developed for micro enterprises, based on knowledge as the primary resource. The report presents own researches conducted in the years 2015–2016 in microenterprises from the Mazowieckie, Łódzkie and Kujawsko-Pomorskie Voivodeships.

scholarly journals Exploring business models of nonprofit organizations

2020 ◽  
Vol 25 (2) ◽  
pp. 181-194
Author(s):  
Julia Perić ◽  
Anamarija Delić ◽  
Marina Stanić
Keyword(s):  
Nonprofit Organizations ◽  
Business Model ◽  
Best Practice ◽  
Business Models ◽  
Nonprofit Sector ◽  
Model Concept ◽  
For Profit ◽  
Business Model Canvas ◽  
Business Entities ◽  
Policies And Programs

Business models are usually used to describe how business entities sustain their competitive advantage, offer their customers better value and create good cooperation with their partners. While the literature is rich with best practice examples among for-profit business entities, nonprofit organizations (NPOs) are rarely observed and compared through the business model concept. Nonprofit organizations are mostly viewed as mission-driven organizations, which is why the business side is often rather neglected. The success of nonprofit organizations is usually measured by their impact in the community, which makes their activities dynamic and very much dependable on their business ecosystem. The goal of this paper is to identify specific characteristics of business models in the nonprofit sector, to evaluate how well nonprofit organizations communicate their value proposition to their customers, what distinguishes them from other nonprofits and what they are doing to develop a successful and sustainable organization. The empirical study covers 10 Croatian nonprofit organizations. The business model canvas is used to describe and compare their business models. The findings represent a good basis for understanding the performance of nonprofit organizations, and can serve as a framework for specific policies and programs aimed at development of nonprofit organizations.

The Ontology of the OSS Business Model

2013 ◽  
pp. 40-58
Author(s):  
Spyridoula Lakka ◽  
Teta Stamati ◽  
Christos Michalakelis ◽  
Dracoulis Martakos
Keyword(s):  
Conceptual Framework ◽  
Business Model ◽  
Value Chain ◽  
Exploratory Study ◽  
Business Models ◽  
Methodological Approach ◽  
Theory Building ◽  
Revenue Model ◽  
Software Business

This study focuses on theory building providing a holistic conceptual framework that consists of an ontology based OSS business model and an OSS business model taxonomy. The study extends existing theory in OSS business models and corresponding taxonomies, based on the structured-case methodological approach. An exploratory study is conducted in two research cycles, for the identification, validation, and evaluation of the critical constructs of an OSS business model. Results reveal that OSS business models differ from traditional software business models, having specific features that affect the software value chain, the infrastructure, and the revenue model of an OSS oriented firm.

What Makes a Global Business Model?

2018 ◽  
pp. 19-39 ◽  
Author(s):  
Oleksiy Osiyevskyy ◽  
Milena Troshkova ◽  
Yongjian Bao
Keyword(s):  
Theoretical Analysis ◽  
Conceptual Framework ◽  
Business Model ◽  
Business Models ◽  
International Expansion ◽  
Global Business ◽  
Specific Advantage ◽  
Global Companies ◽  
Research Questions

A firm's business model is an essential mechanism determining how an organization creates value for its stakeholders and captures part of the created value as profit for its owners. Global enterprises secure their market positions through properly functioning business models that are globally scalable. Once a globally scalable business model is successfully designed and validated in one location, it becomes a non-location-bound firm-specific advantage, promoting the firm's international expansion. This chapter addresses the following research questions: (1) What is the role of a business model in the success of global enterprises? (2) Which common attributes do business models of successful global companies possess? and (3) How to make a business model more suitable for global expansion? The theoretical analysis of these questions yields a conceptual framework for examining the global companies through the business model lens. The developed conceptual framework is illustrated and corroborated with the mini-cases of global companies.

scholarly journals Consumer Stock Ownership Plans (CSOPs)—The Prototype Business Model for Renewable Energy Communities

Energies ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 118 ◽  
Author(s):  
Jens Lowitzsch
Keyword(s):  
Renewable Energy ◽  
Business Model ◽  
Low Income ◽  
Best Practice ◽  
Business Models ◽  
Holistic Approach ◽  
Bank Loan ◽  
Stock Ownership ◽  
New Governance ◽  
Stock Ownership Plans

The 2018 recast of the Renewable Energy Directive (RED II) defines “renewable energy communities” (RECs), introducing a new governance model and the possibility of energy sharing for them. It has to be transposed into national law by all European Union Member States until June 2021. This article introduces consumer stock ownership plans (CSOPs) as the prototype business model for RECs. Based on the analysis of a dataset of 67 best-practice cases of consumer (co-) ownership from 18 countries it demonstrates the importance of flexibility of business models to include heterogeneous co-investors for meeting the requirements of the RED II and that of RE clusters. It is shown that CSOPs—designed to facilitate scalable investments in utilities—facilitate co-investments by municipalities, SMEs, plant engineers or energy suppliers. A low-threshold financing method, they enable individuals, in particular low-income households, to invest in renewable projects. Employing one bank loan instead of many micro loans, CSOPs reduce transaction costs and enable consumers to acquire productive capital, providing them with an additional source of income. Stressing the importance of a holistic approach including the governance and the technical side for the acceptance of RECs on the energy markets recommendations for the transposition are formulated.

scholarly journals Customer value creation via business model implementation

2015 ◽  
Vol 10 (10) ◽  
pp. 2580-2584
Author(s):  
Karaoulanis Andreas
Keyword(s):  
Business Model ◽  
Value Creation ◽  
Customer Value ◽  
Business Models ◽  
Value Proposition ◽  
Model Concept ◽  
Customer Value Proposition

Business models are the blueprints upon which the whole structure and operation of the company is based. The aim of this paper is to underline the importance of business models in value creation for the company and to dig a bit deeper by revealing the synthesis of an abstract business model concept. The importance of customer value proposition via the customer value creation is very well underlined in order to pinpoint the author’s prevalent idea that focusing on customers’ needs should be the alpha and the omega for the eurythmic operation of every contemporary company.

scholarly journals Business Model Grounds and Links

2018 ◽  
Vol 42 (2) ◽  
pp. 241-269
Author(s):  
Jadranka Musulin ◽  
Vjeran Strahonja
Keyword(s):  
Information Systems ◽  
Business Model ◽  
Enterprise Architecture ◽  
Business Models ◽  
Theory And Practice ◽  
Conceptual Frameworks ◽  
Model Concept ◽  
Complex Concept ◽  
Model Research ◽  
Related Complex

The business model concept emerged in theory and practice without a consensus on the understanding of the concept, but it has become a well accepted and useful construct in fields such as strategy, organization, information systems and technology. This paper aims to provide an overview of the research on the use of business models focusing on outstanding works in this field, extracting main converging findings unburdened of extant lists of specific citations. Following the overview, a comparison of the seven respective conceptual frameworks of the business model research is presented. Finally, after determining grounds, the business model concept is linked to related complex concept – enterprise architecture.

scholarly journals Innovative Business Models for Smart Cities – A Systematic Research

2019 ◽  
Vol 8 (12S) ◽  
pp. 339-343
Keyword(s):  
Business Model ◽  
Smart City ◽  
Best Practice ◽  
Business Models ◽  
Smart Cities ◽  
Systematic Research ◽  
City Development ◽  
Model Cities ◽  
Smart Technologies

Cities are the engines of growth for a nation. Smart technologies can help address the urban challenges and improve quality of life, economic opportunity, and liveability for citizens. Cities benefit from a transparent overview of best practice solutions to become smarter and from identifying best-suited solution providers. Companies that make cities smarter benefit from becoming more visible to cities around the globe with their newly developed or proven solutions. Innovative business models help accelerate the adoption of smart technologies. Various funding mechanisms have been used by cities to develop smart city projects. However, it has been revealed that the literature does not provide enough thoughts on these concepts. This paper provides an insight to the concept of innovative business models and the adoption of these in smart cities. Further the paper advances the understanding on the evolving business models and city procurement policies that could be used to accelerate smart city development. The paper seeks to address the question: What are the challenges faced by organisations and smart cities to develop a successful innovative business model? Cities have designed well defined strategies and are in the process of developing strategies for smart city. The paper address the challenges and functions of an innovative business model for development of smart cities.

What Makes a Global Business Model?

2020 ◽  
pp. 203-223
Author(s):  
Oleksiy Osiyevskyy ◽  
Milena Troshkova ◽  
Yongjian Bao
Keyword(s):  
Theoretical Analysis ◽  
Conceptual Framework ◽  
Business Model ◽  
Business Models ◽  
International Expansion ◽  
Global Business ◽  
Specific Advantage ◽  
Global Companies ◽  
Research Questions

A firm's business model is an essential mechanism determining how an organization creates value for its stakeholders and captures part of the created value as profit for its owners. Global enterprises secure their market positions through properly functioning business models that are globally scalable. Once a globally scalable business model is successfully designed and validated in one location, it becomes a non-location-bound firm-specific advantage, promoting the firm's international expansion. This chapter addresses the following research questions: (1) What is the role of a business model in the success of global enterprises? (2) Which common attributes do business models of successful global companies possess? and (3) How to make a business model more suitable for global expansion? The theoretical analysis of these questions yields a conceptual framework for examining the global companies through the business model lens. The developed conceptual framework is illustrated and corroborated with the mini-cases of global companies.

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