scholarly journals FROM AN INSIDE-IN TOWARDS AN OUTSIDE-OUT URBAN DIGITAL TWIN: BUSINESS MODELS AND IMPLEMENTATION CHALLENGES

2021 ◽  
Vol VIII-4/W1-2021 ◽  
pp. 25-32
Author(s):  
R. D’Hauwers ◽  
N. Walravens ◽  
P. Ballon
Keyword(s):  
Business Model ◽  
Business Models ◽  
Urban Ecosystems ◽  
Implementation Challenges ◽  
Value Network ◽  
Digital Twin ◽  
Digital Twins ◽  
Communication Links ◽  
The Government ◽  
Complex Relationships

Abstract. Urban Digital Twins are a virtual representation of a city environment with bi-directional communication links. They require collaborations between different actors in the urban ecosystems in order to provide a complete picture of the situation in the city. In order to define the complex relationships between the different actors in the Urban Digital Twin ecosystem, the business model literature helps to answer questions on how value can be created, and how the value network can be controlled. In this paper, we identified four different types of business models for Urban Digital Twins based on whether they are used by the government or the ecosystem, and whether the government or the ecosystem controls the value network of the Urban Digital Twin. Interviews were held in five different existing Urban Digital Twins to identify which challenges the different existing digital twins have when implementing the Urban Digital Twins. The outcomes of the business model scenarios support the design of Urban Digital Twins 1) by identifying which decisions need to be made by cities when developing Urban Digital Twins and 2) by proposing cloud requirements for technology providers supporting cities, in the development of Urban Digital Twins.

Policies and Innovations of Financial Technology Business Models in the Digital Economy Era on the E-Business Ecosystem in Indonesia

2022 ◽  
pp. 22-42
Author(s):  
Ahmad Budi Setiawan ◽  
Amri Dunan ◽  
Bambang Mudjianto
Keyword(s):  
Business Model ◽  
Financial Services ◽  
Business Models ◽  
Rapid Development ◽  
Group Discussions ◽  
Business Ecosystem ◽  
Utilization Of Technology ◽  
The Government ◽  
Financial Transactions ◽  
Financial Technology

The rapid development of technology and information systems continues to give birth to various innovations, especially those related to financial technology to meet the various needs of the community, including access to financial services and processing of financial transactions. Financial technology (FinTech) is the implementation and utilization of technology to improve financial and banking services. The development of financial technology in Indonesia itself is growing rapidly, along with the development of existing technology. FinTech is developed by utilizing the latest software, internet, and computing technologies. Based on this, this study examines the development of innovation and policies for the fintech business model in the e-business ecosystem in Indonesia. This research is a qualitative research with data collection methods through focus group discussions, in-depth interviews, and literature studies. This chapter recommends that the government develop and make policies for fintech business model innovation in the e-business ecosystem in Indonesia.

scholarly journals Sustainable Business Model Based on Digital Twin Platform Network: The Inspiration from Haier’s Case Study in China

2020 ◽  
Vol 12 (3) ◽  
pp. 936 ◽  
Author(s):  
Xiao Li ◽  
Jiarou Cao ◽  
Zhenggang Liu ◽  
Xinggang Luo
Keyword(s):  
Business Model ◽  
Product Life Cycle ◽  
Business Models ◽  
Environmental Benefits ◽  
Sustainable Business ◽  
Digital Twin ◽  
Home Appliance ◽  
Sustainable Business Models ◽  
Generic Strategies

Sustainability and digitalization have become the main direction of transformation of enterprises. Building a digital twin platform network can provide enterprises with a comprehensive view of products, manufacture, supply chain, customer experience, and profitability, which is conducive to the construction of a sustainable business model. The purpose of this paper is to study how enterprises use digital twin platform networks to generate economic, social and environmental benefits in various dimensions and their coupling relationships. Based on the literature review, this paper constructs a five-dimensional framework of a sustainable business model, and analyses the coupling relationship between dimensions. Using Haier as a way to verify the five-dimensional framework, it explores the dynamic mechanism of the Haier digital twin platform network, constructs an integrated framework based on coupling perspective and compares it with other two home appliance enterprises. The study shows that, through the digital twin platform network, enterprises can remove the disadvantage of focusing on a single product life cycle, and form a comprehensive network, so as to promote overall sustainable upgrades. This paper draws generic strategies and digital transformation suggestions for enterprises to innovate the sustainable business model. The conclusion enriches the research on sustainable business models both theoretically and practically and provides a feasible reference for the transformation of enterprises in digital economy environment.

Viable Business Models for M-Commerce

2011 ◽  
pp. 837-852
Author(s):  
Jiaxiang Gan ◽  
Jairo A. Gutiérrez
Keyword(s):  
Business Model ◽  
Value Chain ◽  
Competitive Strategy ◽  
Business Models ◽  
Market Segment ◽  
Value Proposition ◽  
Value Network ◽  
The Public ◽  
Profit Potential ◽  
Viable Business

As mobile applications increase in popularity, the issue of how to build viable business models for the m-commerce industry is becoming a clear priority for both organizations and researchers. In order to address this issue, this chapter reports on five mini cases used as a guideline, and applies the theoretical business model from Chesbrough and Rosenbloom (2002) to each of them to find out the most important components of viable business models for their m-commerce applications. The study then uses cross cases analysis as a research tool to compare and contrast each of the mini cases and to find out how the different organizations fit within the researched theoretical business model. Finally, this chapter confirms that there are 7 important components of viable business models for m-commerce which are: value proposition, market segment, value chain, profit potential, value network, competitive strategy and firm capabilities. This study also highlights the fact that the public visibility of these 7 components is uneven. Some components such as value proposition, value chain, value network and firm’s capabilities are more likely to be presented in public by organizations. However, aspects such as cost structure and profit potential, market segment and competitive strategy are more likely to be hidden from the public due to their commercial sensitivity.

Opening Closed Business Ecosystem Boundaries With Digital Platforms

2022 ◽  
pp. 67-96
Author(s):  
Marika Iivari ◽  
Petri Ahokangas ◽  
Marja Matinmikko-Blue ◽  
Seppo Yrjölä
Keyword(s):  
Business Model ◽  
Business Models ◽  
Model Development ◽  
Business Environment ◽  
Digital Platforms ◽  
Digital Twin ◽  
Ecosystem Boundaries ◽  
Business Ecosystem ◽  
Business Model Development ◽  
Model Approach

Applying a business model approach, this chapter identifies various challenges in digital platform and platform-based business model development in the case of a physical port ecosystem. Using an empirical case, the chapter identifies the prerequisites and consequences of opportunities, value, and advantages for an existing ecosystem that aims to create a “digital twin.” It contributes to academic discussions on the intersection of ecosystems, platforms, and business models by exploring the antecedents and controversies of configuring ecosystem boundaries in a digital context. Moreover, the chapter contributes to research by analyzing how a previously closed ecosystem seeks to open its boundaries and interfaces, both internally among the internal ecosystem members and externally to the outside business environment.

A Critical Overview of Digital Twins

2020 ◽  
Vol 3 (1) ◽  
pp. 51-61
Author(s):  
Princess Adjei ◽  
Reza Montasari
Keyword(s):  
Supply Chains ◽  
Competitive Advantage ◽  
Business Models ◽  
Emerging Technologies ◽  
Critical Perspective ◽  
Digital Twin ◽  
Digital Twins ◽  
Critical Overview

In recent years, organisations have invested heavily in the digitisation of their processes to maximise productivity. A digital twin is one of the most recent emerging technologies that is to disrupt business models and to leverage competitive advantage; applications can be found in many industries including, but not limited to healthcare, manufacturing and supply chains, and engineering. This article provides a critical perspective to the benefits of digital twins, their applications as well as the challenges encountered following their use. Cybersecurity risks as one of these key challenges will be further discussed within the article.

Strategic renewal in times of environmental scarcity

2017 ◽  
Vol 30 (1) ◽  
pp. 106-120 ◽  
Author(s):  
Saleh Al Humaidan ◽  
Valerie Sabatier
Keyword(s):  
Business Model ◽  
Business Models ◽  
Case Analysis ◽  
Press Freedom ◽  
Model Evolution ◽  
Content Type ◽  
Strategic Renewal ◽  
Mediating Role ◽  
Environmental Scarcity ◽  
The Government

Purpose The purpose of this paper is to analyze how strategic renewal occurs in large incumbent newspaper companies facing a specific context of environment scarcity (i.e. environmental dissolution (the market gradually changing in size and scope)). Within the media industry, the Kingdom of Saudi Arabia (KSA) offers a particularly interesting research setting because the number of competitors in the regional market is regulated by the government; consequently, the incumbent firms face the same local environment. This situation offers the possibility to shed light on how the orientation of the top management team (TMT) of the firm influences the strategic renewal and the traditional business model of the firm. Design/methodology/approach The strategic renewal of the three largest incumbents of the print newspapers in KSA over 12 years (from 2000 to 2012) was analyzed with a qualitative approach (archival data and 30 interviews with the TMTs of each company and with external observers). A two-step analysis of within-case analysis and cross-case analysis was used. Findings Building on Schmitt et al.’s (2016) framework, it was empirically found that depending on the orientation of the TMT, the managerial perception of the firm’s environment within the same scarcity situation leads to different strategic renewal responses. The findings demonstrate that internally oriented TMTs engage in incremental business model changes, while externally oriented TMTs engage in disruptive business model changes. However, management’s attitude toward technology has been neglected in the literature so far, and it was concluded that technology plays a mediating role in strategy renewal. Research limitations/implications Recent research on strategic renewal in times of environmental scarcity has built on both population ecology and strategic choice literatures and has argued that varying CEO perceptions can lead to very different strategic responses. Other research on business models has started to explore the role of technology in business model evolution. In the context of environmental dissolution, it can be argued that the attitude of the TMT toward technology has a mediating role in business model evolution. Practical implications In times of environmental dissolution – the traditional market of the firm changes not only in size but also in scope – strategic renewal is conditioned by the orientation of the TMT and its attitude toward technology. When the traditional business model of the firm is put under pressure by such changes, teams with an external orientation or an appetite for technology will be more likely able to engage in business model disruption. Originality/value The authors have had the opportunity to conduct case studies on three large newspapers companies in a country where the regulation is very strong and press freedom is not comparable to other European or North-American countries.

scholarly journals An Ecosystem View of Peer-to-Peer Electricity Trading: Scenario Building by Business Model Matrix to Identify New Roles

Energies ◽  
2021 ◽  
Vol 14 (15) ◽  
pp. 4438
Author(s):  
Mehdi Montakhabi ◽  
Fairouz Zobiri ◽  
Shenja van der Graaf ◽  
Geert Deconinck ◽  
Domenico Orlando ◽  
...  
Keyword(s):  
Business Model ◽  
Electricity Market ◽  
Business Models ◽  
Peer To Peer ◽  
Security And Privacy ◽  
Future Scenarios ◽  
Scenario Building ◽  
Value Network ◽  
Electricity Trading ◽  
Model Matrix

This article introduces new roles in future peer-to-peer electricity trading markets. Following a qualitative approach, firstly, the value network of the current electricity market is presented. To do so, service streams, critical roles, activities, and their setting in the electricity market are identified. Secondly, in order to identify the main sources of uncertainty, the business model matrix framework is utilized to analyze peer-to-peer electricity trading. Thirdly, four future scenarios are built based on user involvement and customer ownership. The outcome of the scenario building is the emergence of new roles, brokers, and representatives in the future peer-to-peer electricity markets. Fourth, based on the four future scenarios, changes in the value network, new roles, and emerging/evolving activities are identified. Finally, the two new roles are discussed from grid structure, security and privacy, legal, and data protection perspectives. The data is gathered by conducting semi-structured interviews with stakeholders in the current electricity market as well as potential disruptors. This article elaborates on the configuration of the value network in the electricity market and highlights the changes that peer-to-peer trading imposes to the status quo. Through the outcomes of the value network analysis, it assists policy makers to consider the requirements and current market players to reconsider their business models.

scholarly journals Establishing a Graduate Agropreneur Business Model for Food Security: A Case Study of the Melon Manis Terengganu (MMT) Fertigation Project

2021 ◽  
Vol 2 (1) ◽  
pp. 30-37
Author(s):  
Fakhrul Anwar Zainol ◽  
Norhayati Ngah ◽  
Wan Norhayate Wan Daud ◽  
Chua Kim Aik
Keyword(s):  
Food Security ◽  
Business Model ◽  
Business Models ◽  
Business Environment ◽  
Business Model Innovation ◽  
Security Issues ◽  
Structural Problems ◽  
Technological Advances ◽  
New Business ◽  
The Government

Revitalizing Malaysia’s agriculture, to cater to food security issues, has become a priority, given the current economic conditions faced by the government, due to the worldwide COVID19 pandemic.  There are, however, a set of complex issues, which involve human capital development, trade agreements, domestic structural problems, and the appropriateness of techniques that must be tackled. Graduate agropreneurs, though, seem to be the future of the nation; while they, continue to struggle with profitability in these difficult economic times. The agricultural industry, however, supports the view that through business model innovation, farms can increase their competitive advantage. This paper identifies and describes some of the elements needed for these graduate agropreneurs when they consider business model innovation. A qualitative approach was used in this study to interview successful graduate agropreneurs involved in Melon Manis Terengganu (MMT) fertigation farming. The paper concludes that the relevance of a business model, in agriculture, relies on the fact that global competition and technological advances urge agropreneurs to look for new business structures and new ways to interact within the business environment. On the other hand, the agropreneur projects should take into consideration the viability of the agriculture projects to encourage a new generation of farmers; the young, energetic, and knowledgeable agropreneurs, to venture into high technology farming which also has substantial income potential. All factors, however, merit attention when graduate agropreneurs develop new business models for their farms.

The Effect of Innovative Contracts on the Business Behaviors in the Context of IoT

2021 ◽  
pp. 222-239
Author(s):  
Saeed Baselm
Keyword(s):  
Internet Of Things ◽  
Business Model ◽  
Value Chain ◽  
Business Models ◽  
Digital Transformation ◽  
Industrial Companies ◽  
Internet Of Things Environment ◽  
Complex Relationships ◽  
The Way

Digital transformation using emerging technologies such as internet of things (IoT) is transforming the way business is conducted within industrial value chains. Consequently, business model innovation and the transition to networked business model are required. Yet, many gaps are being researched to analyze how industrial companies can leverage digital transformation to transform their business models to achieve sustainability benefits. Typically, issues related to value creation and the delivery of business models require more clarification. It is also important to recognize how these components integrate to the sustainability of industrial initiatives. The main objective of this chapter is to pave the way for business behaviors associated with internet of things environment and the related innovative contracts. The discussions and conclusions discussed here will help organizations to establish a long-term, complex relationships with their suppliers, customers, and other value chain actors.

EVALUATING PROJECT ROBUSTNESS THROUGH THE LENS OF THE BUSINESS MODEL

2009 ◽  
Vol 06 (02) ◽  
pp. 155-167 ◽  
Author(s):  
JUSTIN M. REGINATO
Keyword(s):  
Business Model ◽  
Value Chain ◽  
Large Scale ◽  
Business Models ◽  
Economic Value ◽  
Economic Benefits ◽  
Market Uncertainty ◽  
Value Network ◽  
The Face ◽  
The Creation

The success of large-scale innovative projects is increasingly a function of the marriage of multiple complex technologies and the ability to articulate and capture economic benefits. For corporations, the decision to pursue particular projects often hinges on the creation of, or the ability to appropriate, requisite technologies in a manner that will allow for an adequate return on investment for project shareholders. The business model is a tool that can be used to help determine whether or not a project has the necessary components for successful completion. A business model articulates a business venture's value proposition, market segment, cost and profit structure, value chain, value network, and competitive strategy. While business models are commonly used at the corporate level, they can also be applied to projects in order to convey how the potential of multiple converging technological inputs lead to the creation of sustainable economic value outputs, often in the face of technical and market uncertainty. Empirical observations from the biopharmaceutical and aerospace industries reveal that projects with incomplete business models face considerable complications, while projects with complete business models face less difficulty with respect to execution. As such, companies can use business models as a tool for making project go/no go decisions whereby only projects with complete business models are allowed to progress through the development process.

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