New Approaches for Managing Tourism Complexity

2011 ◽  
pp. 123-138 ◽  
Author(s):  
Valentina Ndou
Keyword(s):  
Competitive Advantage ◽  
Business Models ◽  
Supply And Demand ◽  
New Economy ◽  
Sustainable Competitive Advantage ◽  
Demand Side ◽  
Paradigm Shifts ◽  
Leverage Points ◽  
New Approaches ◽  
Management Approaches

This chapter’s main objective is to provide a new conceptualization of the tourism which has major implications for management approaches, business models and strategy techniques of the sector. The objective is to try to reconcile the complexity of the environment with the managerial techniques and strategies that aim to create sustainable competitive advantage. The author will begin with a review of tourism characteristics of supply and demand side. Then they will analyze the paradigm shifts that are taking place overall in the new economy and the main challenges they bring on in the tourism context. Subsequently, they will discuss the need to realize a shift in tourism conceptualization and management in itself. The author will move their focus of analysis away from traditional, mechanical views of tourism to dynamic approaches that take into account the behavior of the overall system and help identify key leverage points of change and transformation.

scholarly journals Equipment Maintenance Business Model Innovation for Sustainable Competitive Advantage in the Digitalization Context: Connotation, Types, and Measuring

2018 ◽  
Vol 10 (11) ◽  
pp. 3970 ◽  
Author(s):  
Juhong Chen ◽  
Ruijun Zhang ◽  
Di Wu
Keyword(s):  
Competitive Advantage ◽  
Business Model ◽  
Business Models ◽  
Economic Benefits ◽  
Business Model Innovation ◽  
Equipment Maintenance ◽  
Sustainable Competitive Advantage ◽  
Structured Interviews ◽  
Profit Center ◽  
Manufacturing Enterprises

The equipment maintenance services have become a new profit center and an important way to gain sustainable competitive advantage for manufacturing enterprises. The business model is an important tool for manufacturing enterprises to derive economic benefits from sustainable competitive advantage in the context of digitalization technologies, such as IoT, big data, and cloud computing. At present, the concept of equipment maintenance business model innovation is still vague, and it is rare to report on the innovation behaviors and types of equipment maintenance business models adopted by manufacturing enterprises. Based on literature analysis of equipment maintenance services and business model innovation, following business model gestalt theory, the concept of equipment maintenance business model innovation is analyzed at the business-level, the types are divided into novel and efficient following value sources—“innovation and efficiency”. The initial scale is developed through literature investigation, semi-structured interviews and expert reviews, and tested by exploratory and confirmatory factor analysis by using the data of two independent large-sample questionnaires. The results indicate that the behavior and types of equipment maintenance business model innovation can be described by two types and 19 items.

Smart Factory Meets Smart Grid: Cyber-Physical Compressed Air Systems Enable Demand Side Management in Industrial Environments

2015 ◽  
Vol 805 ◽  
pp. 25-31 ◽  
Author(s):  
Ralf Boehm ◽  
Johannes Bürner ◽  
Jörg Franke
Keyword(s):  
Business Models ◽  
Service Providers ◽  
Supply And Demand ◽  
Electric Energy ◽  
Demand Side Management ◽  
Compressed Air ◽  
Demand Side ◽  
Industrial Enterprises ◽  
Industrial Environments ◽  
Air Compressors

In electric energy systems based on renewable generation plants supply and demand often do not occur in the same period of time. Consequently demand side management is gaining importance whereby decentralized automation offers opportunities in industrial environments. Compressed air systems on industrial plants consist of air compressors, compressed air reservoirs and compressed air lines. With suitable dimensioning those industrial compressed-air systems can be used for demand side management purpose. As power consumption of industrial air compressors ranges between a few and several hundred kilowatts each, swarms of communicatively connected air compressors can contribute to the stabilization of power grids. To avoid costly production downtime it is to ensure, that a reliable, non-disruptive supply of compressed air can be maintained at all time. Industrial compressed air systems equipped with automation technology and artificial intelligence, which hereinafter are referred to as Cyber-Physical Compressed Air Systems (CPCAS), allow new business models for utilities, industrial enterprises, compressor manufacturers and service providers. In addition to basic operating parameters like current air pressure and status, those systems can process further information and create, for example, profiles on compressed air consumption over time. By enriching those profiles with data on pressure, volumes, system restrictions and current production requirements (plans), the CPCAS can identify the available potential for demand side management. Ipso facto predictive power on electricity consumption is increasing. By providing the information obtained to the power company or a service provider, savings in electricity costs may be achieved. Expenses within the industrial company may be lowered further as compliance with agreed load limits is being improved by automatic shutdown of air compressors upon reaching the load limit. Within this article the structure of the aforementioned Cyber-Physical Compressed Air Systems is presented in more detail, relations between the major actors are being shown and possible business models are being introduced.

Government Innovation Through Knowledge Management

2008 ◽  
pp. 493-507
Author(s):  
Luis Felipe Luna-Reyes
Keyword(s):  
Information Technology ◽  
Knowledge Management ◽  
Competitive Advantage ◽  
Business Models ◽  
Sustainable Competitive Advantage ◽  
Critical Factors ◽  
Private Organizations ◽  
New Business ◽  
New Business Models ◽  
Government Innovation

Contemporary organizations face the challenge of growing and advancing in a complex and changing environment (Johannessen, Olaisen, & Olsen, 2001; Malhotra, 2000). In order to accomplish this objective, private organizations continuously innovate to attract customers (Johannessen et al.). Competition has been accelerated by information technology, which allows the appearance of new business models, introducing new competitors in the business arena (Rayport, 2001). Under these circumstances, it appears that innovation is one of the most valuable activities for any organization (Nonaka, 1996). Furthermore, the management of intangible assets such as knowledge is one of the critical factors to promote innovation and sustainable competitive advantage (Davenport, 2001; De Long & Fahey, 2000; Malhotra; Nonaka).

Examination of Effects of Competitive Strategies on the E-Commerce Companies in Terms of Achieving Sustainable Competitive Advantage

2021 ◽  
pp. 1419-1451
Author(s):  
Zafer Adiguzel
Keyword(s):  
Social Networks ◽  
Competitive Advantage ◽  
Business Models ◽  
Smart Phones ◽  
Web Pages ◽  
Sustainable Competitive Advantage ◽  
Competitive Strategies ◽  
Environmental Threats ◽  
The Impact ◽  
The Web

E-commerce brings companies and customers together in an exchange market environment, beyond any physical, cultural, and legal boundaries, and on an unimaginable scale, which was considered to be technically impossible before. The companies' online facilities have been improved and become accessible to everyone through smart phones, tablets, etc. as the web pages and social networks started to direct individuals towards e-commerce. E-commerce not only raises economic concerns related to competition and pricing, but also reveals new social and environmental threats that can be quite widespread and viral. Several studies have been conducted to examine the transformation of traditional business models into e-businesses, the impact of e-commerce businesses on traditional business activities, or opportunities brought by technological innovations. For this reason, the effects of the competitive strategies will be explained in terms of ensuring sustainable competitive advantage within e-commerce companies.

scholarly journals KOMPLEKSITAS MODEL BISNIS ADAPTIF BERBASIS TEKNOLOGI DIGITAL DAN JARINGAN BISNIS INTERNASIONAL

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Muhammad Husni Mubarok
Keyword(s):  
Competitive Advantage ◽  
Business Model ◽  
International Business ◽  
Digital Technology ◽  
Organizational Design ◽  
Business Models ◽  
Organization Design ◽  
Business Networks ◽  
Sustainable Competitive Advantage ◽  
Business Network

This paper develops a complexity of adaptive business modelson digital technology and international business network towards a sustainable competitive advantage. Furthermore, this paper aims to integrated the concept of adaptive organizational design with complex business models based on digital technology and and international business network. Adaptive organization design should change consistently with changing technological, ecological, economic, social, digital technology and international business networks.Theoretical basis of the concept of business model and relate it to elements of business model, digital technology and international business network. The complexity of adaptive business models based on digital technology emphasizes the importance of building change, international business networks, developing complex and adaptive organizations for innovation in achieving sustainable competitive advantage. Keywords:complexity,adaptive,technology<br /><br />

Marico – competing with an innovative business model

2018 ◽  
Vol 8 (2) ◽  
pp. 1-20
Author(s):  
Sumit Mitra ◽  
Ranjith V.K.
Keyword(s):  
Competitive Advantage ◽  
Business Model ◽  
Product Innovation ◽  
Business Models ◽  
Subject Area ◽  
Sustainable Competitive Advantage ◽  
Strategy Formulation ◽  
Content Type ◽  
Innovative Company ◽  
Executive Mba

Subject area Strategic Management. Study level/applicability MBA, Executive MBA. Case overview This case deals with Harsh Mariwalla’s struggle to develop an innovative company from scratch. The journey of innovation is not an easy one. Marico was forced to compete with multinationals in many markets where it operated. Constant pressure from rivals has made the company develop a new innovative business model, which is expected to generate profitability and sustainable competitive advantage. Expected learning outcomes Students will be able to appreciate the business models, understand the competitive moves by rivals, understand strategy formulation and implementation, understand product innovation and competitive advantage and understand the ability to tackle competition with innovation. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 11: Strategy.

Examination of Effects of Competitive Strategies on the E-Commerce Companies in Terms of Achieving Sustainable Competitive Advantage

2020 ◽  
pp. 287-319
Author(s):  
Zafer Adiguzel
Keyword(s):  
Social Networks ◽  
Competitive Advantage ◽  
Business Models ◽  
Smart Phones ◽  
Web Pages ◽  
Sustainable Competitive Advantage ◽  
Competitive Strategies ◽  
Environmental Threats ◽  
The Impact ◽  
The Web

E-commerce brings companies and customers together in an exchange market environment, beyond any physical, cultural, and legal boundaries, and on an unimaginable scale, which was considered to be technically impossible before. The companies' online facilities have been improved and become accessible to everyone through smart phones, tablets, etc. as the web pages and social networks started to direct individuals towards e-commerce. E-commerce not only raises economic concerns related to competition and pricing, but also reveals new social and environmental threats that can be quite widespread and viral. Several studies have been conducted to examine the transformation of traditional business models into e-businesses, the impact of e-commerce businesses on traditional business activities, or opportunities brought by technological innovations. For this reason, the effects of the competitive strategies will be explained in terms of ensuring sustainable competitive advantage within e-commerce companies.

scholarly journals Business Model Innovation for Sustainable Performance in Retail and Hospitality Industries

2018 ◽  
Vol 10 (11) ◽  
pp. 3952 ◽  
Author(s):  
Sarah Cheah ◽  
Yuen-Ping Ho ◽  
Shiyu Li
Keyword(s):  
Competitive Advantage ◽  
Business Model ◽  
Service Sector ◽  
Business Models ◽  
Business Model Innovation ◽  
Service Industries ◽  
Superior Performance ◽  
Sustainable Competitive Advantage ◽  
Food Services ◽  
Sustainable Performance

In the service sector, technological innovation is typically dominated by suppliers, and hence involves external knowledge that can be easily acquired and imitated by competitors. However, innovation that can sustain superior performance in retail and hospitality firms tends to be internal and non-technical, involving business models. Building on the perspectives of the resource-based view and dynamic capability, this study aims to understand how industry turbulence in retail and hospitality affects the sustainable competitive advantage of the firms operating in these service industries. Based on a quantitative study of 214 retail and food services companies, our study has empirically demonstrated that firms operating in an industry with high turbulence have a higher probability of achieving a sustainable competitive advantage. Second, our findings establish that a firm’s business model innovation (BMI) activities partially mediate this positive relationship. This suggests that BMI plays a role in enhancing the firm’s ability to address the challenges of the present, as well as prepare itself to adapt to the industry evolution and revolution of the future. BMI not only influences the acquisition and application of external innovations, it also affects the generation of internal innovations.

scholarly journals Influence of Call Centers on Emerging Business Models and Practices

2018 ◽  
Vol 6 (5) ◽  
Author(s):  
Ahmed O. Adeyemi ◽  
Mohamad A. Saouli ◽  
Bhaskar Sinha
Keyword(s):  
Qualitative Research ◽  
Competitive Advantage ◽  
Business Models ◽  
Call Centers ◽  
Empirical Studies ◽  
Cost Savings ◽  
Phenomenological Approach ◽  
Sustainable Competitive Advantage ◽  
Contact Points ◽  
Time Savings

Call Centers have been an integral part of businesses operations, thereby providing organization contact points for the customers while facilitating changes and improvements of products and services offered by the organization. Call Centers give organizations the ability to extend their reach within their respective market space, which allows them to maintain lasting relationships with their environments, customers, and competitors providing time savings, cost savings, business continuity, strategic opportunities, sustainability, competitive advantage, and customer insight, on the products and services offered. As such, organizations are able to build Call Centers as integral business solutions, hence enhancing profitability and maneuverability within their market space. This study is conducted utilizing a phenomenological approach to qualitative research method that addresses (a) Innovation is one of the business models that create sustainable competitive advantage where organizations are gearing towards, to carve out or maintain market share (b) phenomenological approach used for this qualitative research (c) utilization of NVivo to create a thematic analysis of the results collected from interviews, case studies, observations, and other empirical studies (d) discuss the trends and impacts of call centers on business models and practices.

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