scholarly journals Approaches to changes in business-model by applying digital technologies

2021 ◽  
pp. 161-169
Author(s):  
T. Baigarin
Keyword(s):  
Theoretical Analysis ◽  
Business Model ◽  
World Economy ◽  
Business Models ◽  
Digital Technologies ◽  
Scientific Work ◽  
Digital Transformation ◽  
The World ◽  
Trading Activities

The purpose of the study is to disclosure of the essential incentives for digital transformation of traditional business models in the modern conditions of the world economy development and to form a model of digital transformation of the company's trading activities.Methodology. The scientific work is based on the method of theoretical analysis of research by modern authors regarding the features in the field of digital transformation of business models of companies.Originality / value of the research. Values and prerequisites for digital transformation of business models of trade organizations have been determined. The advantages of this transformation in the system of long-term planning and management of the organization are highlighted.Findings. The basic business model of digital transformation has been identified and refined. The specification of the organization's business model key components in the context of digital transformation of operating activities has been determined.

scholarly journals Digital Disruption in Retailing and Beyond

2020 ◽  
Vol 4 (4) ◽  
pp. 187-204
Author(s):  
Heiner Evanschitzky ◽  
Boris Bartikowski ◽  
Tim Baines ◽  
Markus Blut ◽  
Christian Brock ◽  
...  
Keyword(s):  
Business Models ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Service Robots ◽  
Sensory Marketing ◽  
Digital Disruption ◽  
The One ◽  
The Impact ◽  
Near Future

The increased disruption of business models through digital technologies creates opportunities and challenges for retail businesses and their network partners. Digital transformation – the process of digitalization of previously analogue operations, procedures, organizational tasks, and managerial processes in order to drive value for customers, employees and other stakeholders – is the order of the day. With that in mind, this article provides a purposeful overview of research in the field of digital transformation with a focus on retailing and customer-facing functions of digital technologies such as managing customer journeys, assessing the impact of sensory marketing and the use of service robots on the one hand, and their strategic implications for business models such as servitization on the other. This article concludes by highlighting immediate as well as long-term challenges in the field, with a focus on disruptive technologies, innovations and trends that retail marketing-management will likely face in the near future.

The 9×9 of Future Business Models

2018 ◽  
Vol 4 (5) ◽  
pp. 39-48 ◽  
Author(s):  
Stefan Tewes ◽  
Carolin Tewes ◽  
Clemens Jäger
Keyword(s):  
Business Model ◽  
Social Transformation ◽  
Business Models ◽  
Building Blocks ◽  
Digital Transformation ◽  
Value Proposition ◽  
The Future ◽  
Further Development ◽  
Future Business

In times of digital transformation and permanent change, the analysis and further development of the business models are essential to be successful in the future. The 9×9 of future business models offer companies a framework for transforming their business model based on digitally shaped changes. The foundation of this approach is the value proposition, which is differentiated for new lifestyles in the future. It takes into account various trend influences, which affects all building blocks of a business model. These include the customers, the partners, and the network, but also the resources, the channels, the finances as well as the skills and activities of the company. In general, a business model must be viewed holistically in the future if it should be successful in the long term. More than ever, the influence of digital, technological and megatrends is critical to success. In summary, the following questions are answered: Fundamentals of future business models: Which building blocks are considered in the digital transformation? Influence of trends: What is driving digital and social transformation? The 9×9 of future transformation: How do technological and social influences affect business models?

scholarly journals Blessing or curse: Does digitalization foster business model innovation? Evidence from a quantitative empirical study

2020 ◽  
Vol 1 (2) ◽  
pp. 44-65
Author(s):  
Patrick Ulrich ◽  
Alexandra Fibitz
Keyword(s):  
Empirical Study ◽  
Business Model ◽  
Quantitative Study ◽  
Business Models ◽  
Digital Technologies ◽  
Business Model Innovation ◽  
Digital Transformation ◽  
Business World ◽  
Digital Strategy ◽  
The Relationship

This study analyses whether and how digital transformation affects business models. Digitalization influences businesses regardless of size, industry, and structure. Thus, companies are often forced to rethink their value architecture in order to remain competitive and not vanish from the business world. Therefore, deepening the understanding of the relationship between digitalization and business models is of utmost importance for both practice and academia. We examine the interdependencies of the utilization of digital technologies and the execution of a digital strategy on business model innovation, and the extent to which the digitalization level is influencing this relation. Furthermore, we depict the results from a quantitative study among a sample of 166 German companies. The results indicate that business model innovation is positively influenced by a higher pursuit of digital technologies and the adoption of certain digital strategies. The digitalization cluster further stresses the importance of digital actions for the companies’ sustainability.

scholarly journals CONTAINING FACTORS OF THE RUSSIAN DIGITAL TRANSFORMATION AT THE TRANSIT STAGE FROM THE FORMATION OF THE DIGITAL ECONOMY TO ITS DEVELOPMENT IN THE CONTEXT OF GLOBAL TRENDS

2019 ◽  
Vol 7 ◽  
Author(s):  
Elena Zolochevskaya ◽  
Tatyana Cherkasova ◽  
Valeriya Arsenieva ◽  
Larisa Lozovova
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
World Economy ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
High Tech ◽  
Innovative Development ◽  
National Program ◽  
The World

The article reveals the concepts of innovative development and digital economy and defines their categorical correlation. The main modern trends in the development of the world economy in the context of globalization are highlighted, which implies that the digital transformation of national economies is becoming a key factor for sustainable economic growth, allowing to ensure strong competitive positions in the global space. Expert assessments of cross-country ratings in terms of the global competitiveness and innovativeness of the national economy demonstrate that the leading role in the development of the world economy belongs to the developed and rapidly developing countries at the top of these ratings. However, the leading positions some countries in the ratings are not the result of simple evolution of economic development, but a purposeful strategy of innovative development implemented through a set of public policy measures. The analysis of the state innovation policy of the USA, EU countries, Sweden and Norway, which occupy leading positions in the Digital Economy and Society Index (I-DESI) rating, made it possible to identify the main directions of economic growth that are important to consider in the Russian state policy of digitalization. As part of the study of the current state of the Russian digital transformation, the achieved success is highlighted and the constraints are identified, the elimination of which will determine the success of the development of digital technologies and their implementation in government bodies, public organizations and business structures. The successful result of Russian digitalization is the adoption of a strategic document (National Program "Digital Economy of the Russian Federation"), which defines the goals and institutional conditions for its implementation for all subjects of the national economy. Critical analysis of national programs helped to highlight some of the contained flaws, including the lack of: - economic objectives that concern system development of national industry 4.0 and the withdrawal of Russian digital technologies on global markets;- the indicative indicators of the pace of development of e-Commerce, the share of high-tech jobs in the total employment structure, growth of high-tech exports, and others; incentive mechanism for businesses to transition on the numbers; - ways to increase investment in research and development. In addition, the need for its adjustment is due to the selected seven limiting factors of Russian digitalization, which demonstrate the low efficiency of the national program in the transition from the stage of formation to the stage of development of the digital economy in Russia.

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.

scholarly journals Digital technologies: problems and trends

2021 ◽  
Vol 101 ◽  
pp. 02006
Author(s):  
Rizvan Ramzanovich Turluev ◽  
Zalina Musaevna Mutsurova
Keyword(s):  
Business Model ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Digital Tools ◽  
School Closures ◽  
Daily Lives ◽  
Use Of Technology ◽  
The World ◽  
The Future ◽  
Large Groups

If “necessity is the mother of invention”, then the 2020 Pandemic (COVID-19) has forced many people around the world to rethink our daily lives from work to school and play. In response to travel bans, school closures, and advice not to gather in large groups and stay away from other people to limit the spread of the virus, many people have turned to digital tools to maintain some semblance of normality. Digitizing our workplaces and education is essential for us to be effective. Those companies that can make good use of technology to continue to evolve and rethink their business model for the future through rapid digital transformation will stay ahead of their competitors. So, the purpose of this article is to consider how digital technologies have transformed since 2020.

scholarly journals Trends and Prospects of the Development of the Global and National Air Transport Markets

2020 ◽  
pp. 99-109
Author(s):  
Sergiy Lytvynenko ◽  
Iryna Panasiuk
Keyword(s):  
Business Model ◽  
World Economy ◽  
Business Models ◽  
Low Cost ◽  
Air Transportation ◽  
Global Market ◽  
Air Transport ◽  
Aviation Industry ◽  
Market Expansion ◽  
The World

The article identified the preconditions for the development of the world economy which included the processes of globalization and internationalization. The role of air transport in the world economy is emphasized because its weight grows every year, because it provides the development of tourism, international programs and cooperation between individual regions of the world. There has been an increase in the number of multinational corporations, increasing the mobility of business passengers what is very important for the airlines. The critical analysis of scientific publications made it possible to state that in Ukraine and abroad the development of the air transportation market was studied by many scientists and their contribution to solving a number of scientific problems related to identifying prospects and opportunities for international and national air transportation markets as well as with the optimization of air carriers is important. However, it was found that insufficient research on recent trends and prospects for the development of global and national air transport markets is in the face of new challenges including the outbreak of coronavirus infection COVID-19. It was found that air passenger traffic in the global market has grown steadily in recent years by 7-8% every year and a quarter of sales depend on the regularity of air transportation of which 70% of this type of business determine the vectors of market expansion. The analysis of aviation accidents revealed that they have a very significant impact on the performance of the carrier whose aircraft suffered them. This applies to both reputational and purely financial losses. The problems with the Boeing 737 Max type also became a serious challenge for the aviation industry due to a number of incorrect design decisions of the world’s leading aviation concern and attempts to save on the training of pilots of this type of aircraft. It is noted that modern passengers are trying to minimize the time spent on travel, the trend of fragmentation of the holiday period is growing rapidly. As a result of the analysis of the domestic air transportation market, it was revealed that during 2019 there was an expansion of the market in general, as well as the activities of foreign airlines, travel from Ukraine to Europe and other parts of the world increased rapidly. A radical change in market trends was observed in mid-March 2020, when due to the spread of the COVID-19 coronavirus in the world, quarantine was introduced and regular flights were stopped. The national air carrier Ukraine International Airlines has declared a two-stage period of resumption of work after the end of quarantine. The authors found signs of hybridization of the airline’s business models at the first stage of the restart and the transition to the airline’s business model which has features of both point-to-point models and obvious features of the model of low-cost carriers. Whereas in the second stage the transition to a partial network model with low-cost models is most likely followed by the emergence of a new already stable hybrid business model based on network principles but with stable features of a low-cost airline.

Coal's Persistence in the Capitalist World-Economy

2020 ◽  
Vol 6 (2) ◽  
pp. 194-221 ◽  
Author(s):  
Paul K. Gellert ◽  
Paul S. Ciccantell
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Energy Transition ◽  
Ecological Modernization ◽  
World Systems ◽  
Coal Consumption ◽  
The World ◽  
Capitalist World Economy ◽  
Capitalist World

Predominant analyses of energy offer insufficient theoretical and political-economic insight into the persistence of coal and other fossil fuels. The dominant narrative of coal powering the Industrial Revolution, and Great Britain's world dominance in the nineteenth century giving way to a U.S.- and oil-dominated twentieth century, is marred by teleological assumptions. The key assumption that a complete energy “transition” will occur leads some to conceive of a renewable-energy-dominated twenty-first century led by China. After critiquing the teleological assumptions of modernization, ecological modernization, energetics, and even world-systems analysis of energy “transition,” this paper offers a world-systems perspective on the “raw” materialism of coal. Examining the material characteristics of coal and the unequal structure of the world-economy, the paper uses long-term data from governmental and private sources to reveal the lack of transition as new sources of energy are added. The increases in coal consumption in China and India as they have ascended in the capitalist world-economy have more than offset the leveling-off and decline in some core nations. A true global peak and decline (let alone full substitution) in energy generally and coal specifically has never happened. The future need not repeat the past, but technical, policy, and movement approaches will not get far without addressing the structural imperatives of capitalist growth and the uneven power structures and processes of long-term change of the world-system.

CYBERSECURITY OF FINANCIAL CONSULTING SERVICES IN THE CONTEXT OF DIGITALIZATION OF THE WORLD ECONOMY

2020 ◽  
Author(s):  
Руслана Ринатовна Абдурахманова ◽  
Людмила Ивановна Кругляк
Keyword(s):  
Economic System ◽  
Financial Services ◽  
World Economy ◽  
Digital Technologies ◽  
Consulting Services ◽  
The World

Новые цифровые технологии не только изменяют ландшафт финансовых услуг, но и несут новые угрозы кибербезопасности. Поэтому современные условия функционирования экономической системы предопределили значительные трансформации в подходах к организации консалтинговой деятельности. New digital technologies are not only changing the landscape of financial services, but also pose new threats to cybersecurity. Therefore, thecurrent conditions for the functioning of the economic system have predetermined significant transformations in approaches to the organization of consulting activities.

scholarly journals Literature review on business prototypes for digital platform

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Shrutika Mishra ◽  
A. R. Tripathi
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Business Models ◽  
Digital Technologies ◽  
Digital Platform ◽  
New Business ◽  
Start Ups ◽  
The Way

Abstract In today’s world, many digitally enabled start-ups are budding all over the globe because of the fast enhancement in digital technologies. For the establishment of new business, it is necessary to adopt a proper business model which needs to define the way in which the company will provide values and the ways in which the customers can pay for their services. This paper aims to study the various business models being used in today’s marketplace and to provide a better understanding for these business models by having an insight on the attributes.

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