STRATEGIC RENEWAL OF BUSINESS MODELS IN THE LANGUAGE SCHOOLS SEGMENT

2019 ◽  
Vol 20 (3) ◽  
pp. 165-182
Author(s):  
Zbigniew Malara ◽  
Paweł Ziembicki
Keyword(s):  
Business Model ◽  
Business Models ◽  
Research Directions ◽  
Strategic Renewal ◽  
The Third ◽  
Third Stage ◽  
Language Schools ◽  
Study Type ◽  
The Impact

The paper presents the results of the third stage of the research on business models of enterprises in the language schools segment. It has an inferential-postulatory character. Results from the two previous stages were used: the first stage of the research on the assessment of the impact of the surrounding elements on selected components of a business model according to the canvas template, and the second stage of the research on the so-called activity packages. In the third stage, the packages, which have a great potential to reduce the gap were selected. Reducing the gap is referred to the renewal of the business model and its importance is connected to the relation between the business model and the strategy of an enterprise. Against this background, the postulates referred to using the concept of lean canvas and the theory of tasks to be performed for the clients. The attention was also paid to connecting the issue of the gap to the known and structured in management question of the strategic renewal of an enterprise. Two further research directions on business models of language schools segment of the case study type and referring to the assessment of the proposition by the same enterprises participating in the research (96 from Lower Silesian Voivodship) have been outlined.

Business models for the now economy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Art T. Weinstein
Keyword(s):  
Online Learning ◽  
Business Model ◽  
Customer Value ◽  
Business Models ◽  
Content Type ◽  
Digital Business Models ◽  
Business Practitioners ◽  
The Impact ◽  
Remote Learning

Purpose Business models are a key to success. This paper aims to identify the characteristics of the Now Economy, discuss the components of an effective business model, examine numerous e-commerce business models and provide an application of online learning. Design/methodology/approach The literature on business models is reviewed. E-commerce models are explored as a means for building competitive advantage in the Now Economy. An in-depth case study of remote learning in universities illustrates the development of a sound digital business model. Findings Business models explain where and how an organization competes and the financial feasibility of its strategy. Digital business models create market differentiation or disruption. This paper explains 20 e-commerce business models and offers an in-depth view of the opportunities and challenges in the online learning sector. Research limitations/implications Building on the literature, this work is conceptual and presents a case study. It is not an empirical study. A three-point agenda for scholars includes research on speed and service in business models, assessing the impact of customer value and examining the market power of Big Tech. Practical implications The digital component of the economy is growing annually. Business practitioners must respond by developing winning business models. The remote learning application is particularly relevant given today’s changing educational market. Originality/value While there has been considerable research on business models, there has been limited work on digital business models, which is the focus of this article.

scholarly journals The Influence of Critical Factors on Business Model at a Smart Factory: A Case Study

2019 ◽  
Vol 10 (1) ◽  
pp. 42-52 ◽  
Author(s):  
Andrej Jerman ◽  
Ivan Erenda ◽  
Andrej Bertoncelj
Keyword(s):  
Business Model ◽  
Business Models ◽  
Knowledge Society ◽  
Major Change ◽  
Study Data ◽  
Smart Factory ◽  
Critical Factors ◽  
Structured Interviews ◽  
The Impact

Abstract Background: The crucial elements of a smart factory, employees, machines, and products, have an important effect on current business models. Objectives: The main aim of our study is to present a case study of the impact of Industry 4.0 on the business model in a smart factory. The paper discusses the changes of business models of the organisation and determines critical factors that influence the business models in a knowledge society. Methods/Approach: Our sample included managers, from the company TPV, who are in charge of implementing a digital business model, and who are the most knowledgeable informants on the topic of our study. Data was obtained from, most widely used method for data collection in qualitative research, semi-structured interviews with managers. Content analysis was conducted for the purpose of our study. Results: Results of our study show that the major change will be that machines will have a “mind” of their own, whose main goal will be to work in production, and the role of employees will be primarily in expressing their creativity, carrying out urgent interventions and performing custody of processes. The key critical factors influencing business models in a smart factory are top management and leadership orientations, motivation of employees, collective wisdom, creativity and innovations. Conclusions: The study represents useful guidelines for strategic management of innovative companies in the earliest stages of the process of decision-making process.

scholarly journals Stakeholders’ Role in Creativity: A Multidimensional Business Model for Arts Festivals

2018 ◽  
Vol 2 (4) ◽  
pp. 21-28
Author(s):  
Keyword(s):  
Business Model ◽  
Resource Sharing ◽  
Business Models ◽  
Creative Industries ◽  
Team Work ◽  
Business Practices ◽  
Model Framework ◽  
Arts Festivals ◽  
The Impact

This paper aims to empirically identify the key factors that drive effective innovative business models in the creative industries. There have been various approaches of analyzing the impact and importance of the creative industries but few appears to address the importance of major stakeholders driving innovation potential in this arena. A case study of the Moon Lantern Festival event held in Adelaide South Australia, where it is part of the OzAsia Festival has been adopted in this paper to underline the analyses of this study. Using a systems approach and stakeholder theory this research aims to develop a model that evaluates innovative business practices in major public Performing Arts Festivals. From the case study and its stakeholder analysis a new business model framework is proposed with a focus on organisational culture, idea generation, relationships and collaborations, team work and resource sharing.

scholarly journals Economic justification for the implementation of a circular economy

2020 ◽  
Vol 4 (4) ◽  
pp. 16-27
Author(s):  
Dzintra Atstāja ◽  
Elīna Spāde
Keyword(s):  
Business Model ◽  
Circular Economy ◽  
Theoretical Basis ◽  
Business Models ◽  
Investment Projects ◽  
Company Value ◽  
Business Operations ◽  
Economic Justification ◽  
The Impact

Introduction. This case study examines the economic justification for the implementation of a circular economy. The case study is structured in 2 parts. The first part describes the principles of circular economy and business models, covering the theoretical basis of this study. The theoretical basis includes a description of the principles of circular economy and the possible implementation of these principles in business operations. The second part evaluates the impact of the introduction of circular economy principles and business model on the company's financial performance and company value. The methods used are economic evaluation and investment decision methods and financial analysis, modeling and forecasting. The limitations are the research based on one company and the fact that the financial statement for 2019 was not submitted at the time of writing; however the results obtained are applicable to other companies and industries. The principles of circular economics and business models described in this case study can serve as a example for companies considering implementing the principles of circular economy in business operations. Aim and tasks. The purpose of the study is to determine what the principles of circular economy are, how to implement them in business and how their implementation affects business results and company value. Following tasks have been defined in order to achieve the aim: describe the principles of circular economy, business and financing models; to analyze the business models of the circular economy in Latvia and in the world and to evaluate the impact of the implementation of the principles of circular economy and business model on the company's financial indicators and the company's value. Results. Evaluating the investments made by the company AS “Cēsu Alus” and the planned investment projects related to the modernization of production equipment and improvement of efficiency, it can be concluded that the implementation of circular economy investment projects will be profitable. The company has opportunities to continue the investment project program; moreover, based on the experience of similar companies studied, AS “Cēsu Alus” can create additional revenue streams for the company when adopting circular economy principles. Conclusions. Investing the company's funds in investment projects designed to improve the company's efficiency, ensuring resource savings and efficient use, which in turn leads to financial savings, the company's value increases significantly, thus concluding that circular economy investment projects that save resources and improve the efficiency of the company will make the greatest contribution to increasing the value of the company.

Circular start-up development: the case of positive impact entrepreneurship in Poland

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Boleslaw Rok ◽  
Monika Kulik
Keyword(s):  
Business Model ◽  
Business Models ◽  
Positive Impact ◽  
Data Gathering ◽  
Content Type ◽  
Start Up ◽  
Multiple Case ◽  
Start Ups ◽  
The Impact

Purpose The purpose of this paper is to explore how circular start-ups design and implement innovation into their business models to increase their positive impact. Design/methodology/approach This qualitative study is based on an exploratory multiple-case study involving six circular start-ups with positive impact in Poland. Data gathering took place via in-depth interviews with start-up founders. Findings The analysis demonstrates that three factors, which are strongly interconnected, can significantly influence the development of a circular start-up. The first is the purpose-led motivation for circularity as a solution, mostly concentrated on the environmental education of different market actors. The second factor is built on the aim to increase the positive impact by addressing the most pressing social and environmental problems. It determines the impact on society as well as on the environment and the extent to which its model can be scaled up. The third factor is driven by the understanding of the purpose of the innovation, concentrated on the business model innovation regarding circularity. Practical implications This paper demonstrates the benefits for diverse stakeholders and the importance of using circular business models in start-up development. Circularity can be perceived as a main part of the new approach to improve sustainability. Originality/value Circular start-ups represent a new phenomenon in the entrepreneurial market. While the structure and logic of the circular business model in start-ups are significantly unexplored in the management literature, this model is viewed as a crucial step in the direction of increasing the positive impact of start-ups. From a theoretical and practical perspective, it is important to understand the differences and similarities in this area within different markets.

scholarly journals A Study of the Business Model of Tencent Group

2021 ◽  
Vol 12 (5) ◽  
pp. 428-434
Author(s):  
Xian-Fa Shang, Myeong-Cheol Choi, Seung-Jin Kim
Keyword(s):  
Business Model ◽  
Business Models ◽  
Model System ◽  
Third Party ◽  
Theoretical Research ◽  
The Third ◽  
The Face ◽  
Online Trading ◽  
Fierce Competition

With the development of information technology, Many Internet enterprises have emerged rapidly, and to thrive in the face of fierce competition, it is vital for them to have efficient business models. These business models are a popular focus of research interest. At present, there is still no unified interpretation of the business model system of Internet enterprises. The existing theoretical research examines mainly individual enterprises; there are only a very few studies on the business models of platform enterprises. This study therefore aims to summarize the literature on the basis of existing theories combined with the enterprise reality, through a literature review and case study of the Tencent group of companies in China. This study explores the online trading platform for enterprises and its business model.It is instructive to correctly analyze the Internet business model of enterprises in the third party service platform enterprises.

scholarly journals Expert Approach Methodology as Basis for Sailing Boat Outfitting Improvement – Case Study

2018 ◽  
Vol 2 (Special edition 2) ◽  
pp. 155-166
Author(s):  
Tin Matulja ◽  
Marko Hadjina
Keyword(s):  
Methodological Approach ◽  
Optimal Solution ◽  
Cfd Analysis ◽  
Fourth Stage ◽  
Second Stage ◽  
The Third ◽  
Third Stage ◽  
The Impact ◽  
Sailing Boat

The market conditions demanded the adaptation of exclusively touristic sailing yachts to specific race requirements. The hydrodynamic aspects of this problem have been successfully solved using modern tools for CFD analysis. But, the practical aspects of outfitting such vessels to meet the highest tourist requirements while respecting specific racing requirements for deck equipment required a different methodological approach. In fulfilling these requirements, the author indirectly participates in multi-year cooperation with the prominent European manufacturer of sailboats. For the purpose of cooperation, a special methodology was developed for the improvement of the equipment of the defined sailing boat in four stages. In the first stage, an analysis of the impact of sailing equipment and deck configuration of the existing B40S model on sailing performance is suggested using RaceQs computing application and expert approaches for different sea and wind conditions. In the second stage, the analysis of the collected data is carried out by expert approach towards guidelines for improvement. The third stage impacts on redesigning the existing model by implementing the obtained results. In the fourth stage, the effects on the upgraded new B41S model are analyzed repeating the first stage. The methodology is iterative and converges to the optimal solution for the defined criteria.

scholarly journals Pengembangan Model Fungsi Sosial Bisnis Islam Berdasarkan Maqashid Syariah Pada Bank Syariah X

Telaah Bisnis ◽  
2016 ◽  
Vol 16 (1) ◽  
Author(s):  
Muhammad Nafik ◽  
R. Moh Qudsi Fauzy
Keyword(s):  
Business Model ◽  
Business Models ◽  
Model Development ◽  
Social Function ◽  
Social Functions ◽  
Islamic Bank ◽  
The Social ◽  
The Impact

Abstract The purpose of this study was to determine the concept of the social function of business model development Islam, especially Islamic Bank X based maqashid sharia, practice development of the social functions of Islamic business models based on the sharia maqashid Islamic Bank X, and the impact of the development of the social functions of Islamic business models based on the quality of sharia maqashid life of the community. This study uses descriptive qualitative research methodology case study method (case study). Criteria informant was branch manager, supervisor, and citizens who have been the target/target activities of social function. The sampling technique is done with purposive sampling and snowball sampling. These results indicate that the concept of the social function of business model development Islam, especially Islamic Bank X based maqashid sharia has had an important role in creating justice and prosperity based on the principles of Shari’ah maqashid especially the external community. Practice development of the social function of the business model of Islam based on sharia maqashid has had a big role in terms of fighting and reduce disorientation in religion (hifdhud-din), the maintenance of stupidity (hifdhul-’aqal), terjauhkannya of poverty (hifdhul maal), has a good offspring (hifdhun-nasl), and maintaining a healthy soul (hifhdun-nafs), and the impact of the development of the social function of the business model of Islamic sharia maqashid based not only on improving the quality of life of citizens around the location of Bank Syariah X which has a weak economy, but also an impact positively to the image of the Islamic Bank X in the minds of customers and other parts of society.

scholarly journals Semantic and knowledge based support to business model evaluation to stimulate green behaviour of electric vehicles’ drivers and energy prosumers

2021 ◽  
Author(s):  
Beniamino Di Martino ◽  
Dario Branco ◽  
Luigi Colucci Cante ◽  
Salvatore Venticinque ◽  
Reinhard Scholten ◽  
...  
Keyword(s):  
Business Model ◽  
Model Evaluation ◽  
Business Models ◽  
Real Case ◽  
Sustainable Mobility ◽  
Semantic Framework ◽  
Knowledge Based ◽  
Survey Results ◽  
Energy Prosumers

AbstractThis paper proposes a semantic framework for Business Model evaluation and its application to a real case study in the context of smart energy and sustainable mobility. It presents an ontology based representation of an original business model and examples of inferential rules for knowledge extraction and automatic population of the ontology. The real case study belongs to the GreenCharge European Project, that in these last years is proposing some original business models to promote sustainable e-mobility plans. An original OWL Ontology contains all relevant Business Model concepts referring to GreenCharge’s domain, including a semantic description of TestCards, survey results and inferential rules.

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