Aspects Of Business Model Research Articles

Integrating technical and business aspects in Software as a Service: Systematic literature review, trends, and research directions

One of the most salient problems currently confronting Software as a Service (SaaS) realization and scientific research is understanding how to efficiently connect software platforms using SaaS distribution models integrating the business functions. The extant empirical SaaS literature holds research gaps regarding the commercial and technical aspects of SaaS business models. To address these gaps, this article systematically reviews current empirical studies to understand how SaaS integration projects could be more efficiently managed in organizations by integrating technical and business aspects. Among other findings, we discover significant knowledge gaps in the field, mainly regarding the empirical validation of a coherent business strategy regarding the SaaS model and an integrated view of customer-perceived performance concerning SaaS architecture. Based on the analysis and synthesis of the findings, this study provides a framework for SaaS realization, including the principal dimensions to be considered in SaaS provision. Futhermore, a novel conceptual model proposed complements the framework by organizing 14 principal variables affecting SaaS integration on three decision-making levels, i.e., strategic, tactical, and operational. This study theoretically contributes to solidifying the SaaS integration literature by covering the three levels of decision-making and offering actionable insights into business practice and SaaS implementation. Regarding the practical contributions, this research guides managers in managing SaaS projects by emphasizing a holistic approach that incorporates all decision-making levels and perspectives, as well as interconnected technological and business aspects. Lastly, promising future research opportunities have been identified to move SaaS research forward.

Business Model and Compensation Strategy of Sporting Goods Industry: A Case Study of Nike

The practical significance of this paper lies in the comprehensive analysis of the company market and Nike's salary structure and salary policy. By focusing on Nike as the main research object, this study examines fundamental aspects of business models within the sporting goods industry. It explores how companies develop policies to maximize employee welfare, the role of incentive policies, and more. Changes in revenue and market trends are also taken into account. Through objective analysis, data interpretation and theoretical speculation, this paper makes an in-depth study on the business model and compensation strategy of sporting goods companies. In addition, this paper also studies the related policies and the reasons for their modification. These findings contribute to a deeper understanding of socio-economic factors, the impact of business policy within the sporting goods market, as well as Nike's compensation strategy and changes in the board member compensation system under social influence in recent years.

Human Capital Disclosure, Business Model and Firm Value: Empirical Evidence from Kenya and South Africa

High volatility and decline in firm value has been spotted for listed companies in Kenya as revealed by large deviations between market-to-book value ratios. This has prompted organisations to adopt integrated reporting to enhance accounting information disclosures that has long been linked with firm value. However, studies examining this form of reporting and its contribution to the value of the company and its variant stakeholders remain scanty in the context of Africa. The purpose of this research is to investigate and demonstrate the relationship amongst human capital disclosure, business model and value of listed companies in Kenya and South Africa. The study was braced on the Stakeholder and legitimacy theories. The research design was both exploratory and confirmatory. Secondary data was collected from 137 purposefully selected companies for the period 2018-2020. An unweighted disclosure index was used to measure human capital disclosure, whilst, firm value was measured using Tobin’s Q ratio. Frequency tables were used for data presentation and descriptive statistics was conducted to summarize and describe the data. Pearson correlation analysis was used in measuring the strength and direction of relationships between variables, while, stepwise regression analysis method was applied in testing for mediation effects. The results depict that human capital disclosure has a statistically significant effect on firm value. However, the effect was negative for Kenya and South Africa revealed a positive effect. Human capital disclosure and business model evinced a positive and significant relationship. Human capital transmitted part of its effect on firm value through the entity business model, with Kenyan listed firms revealing inconsistent mediation, whereas, South African companies reported full/complete mediation. The study recommends mandatory disclosures of human capital and business model aspects of integrated reporting by Kenyan listed companies due to its effect on firm value.

Development of a social-oriented inclusive business model for strategic enterprise renewal

Research object is a business model of enterprises’ strategic renewal in the areas of economy, environmental friendliness, and sociality. Key problem: the need to develop a business model for strategic renewal of enterprises, maximally adapted to the current challenges of the market and society. Based on the prerequisites for the evolution of traditional corporate strategies to a stakeholder approach, a business model for strategic enterprise renewal has been formed. The relative nature of companies’ business activity, transformation of analysis methods and approaches to decision-making, as well as key elements, vectors, and results of interaction within the developed business model are determined and justified. The possibilities of practical application of a social-oriented inclusive business model in the implementation of business analysis are shown. Interpretation of the research results: the social-oriented business model of enterprises’ strategic renewal is developed on the basis of systematization of the relative approach, theories of stakeholders and corporate philanthropy, the concept of "charitable corporation" and orientation to socially inclusive value instead of traditional shareholder value. Along with the traditional economic aspect of the business model, the environmental and social aspects are outlined. To adapt business models of enterprises to modern challenges, it is proposed to increase the use of qualitative analysis parameters in the implementation of strategic decisions, as well as to design the development of relations with key stakeholders. Practical significance: Certain parameters of the business model can be used by enterprises to conduct a critical analysis of their own business strategies and develop effective measures to adapt them to modern challenges

Sustainable business models and grassroots frugal innovations in developing countries

This research explores the origins and evolution of frugal innovations (FIs) within the grassroots communities of developing countries. It scrutinises how these innovations employ inventive business models that hold promise for sustainable development. The analysis centers on distinct aspects of business models, primarily elucidating the concepts of value proposition, value creation, and value capture. FIs, as this study reveals, possess the transformative ability to convert marginalised and underserved populations at the grassroots level into innovative consumer segments. Through an in-depth exploration of three compelling FI (Technology Hub, Albarka Yoghurt and JK Innovation) case studies, this research significantly contributes to the existing literature concerning FI business models. These cases vividly illustrate how individuals constrained by limited access to education, capital, and resources can ingeniously bring affordable products to market, employing unconventional strategies to fulfil the unmet needs of underserved demographics in developing nations."

Market ranking of successful digital business models

The transition from industrial to service economy resulted in a wider adoption of asset-light strategies and technology-enabled business models. In the last ten years, digital companies have ascended to the top of the most valuable firms lists. Various aspects of digital business models have been exhaustively discussed in management literature, but their economic dimension remains under-researched.We analyze how strategy and business model add value and propose using historical volatility of valuation multiples for ranking companies by the degree of investors’ understanding of a firm’s strategy and business model in addition to ratings of companies by market capitalization. This ranking, in our view, is particularly helpful in analyzing business models of digital companies where most of the value is in intangible assets and economic goodwill. We also propose a way of expanding this research topic in the future.

A Triple-Layered Business Model Framework for Social Media

Social media are increasingly based on commercial business models. Scientific literature and articles in the mass media have been available for some time discussing individual aspects of economic business models and their environmental and social impacts. Often these statements are contradictory, biased towards a certain aspect, and without context by comparison with substitute goods that cover similar needs. This paper aims to develop a framework to understand the business models of social media, including their social and environmental impact, and to identify starting points for innovations. In addition to the economic layer of the business model, the environmental and social layers are also discussed. The latter two are still underrepresented in the domain of business model analysis. First, the elements of the economic layer of social media business models are defined. Then it is shown how the single economic view can be expanded to include the environmental and social impact. Finally, we argue why the different socioeconomic backgrounds of involved stakeholders should be considered to avoid a biased, ethnocentric view of business models.

Theoretical aspects of business models and the challenges of their Innovative transformation under the current conditions

The present article presents the analysis of a number of relevant sources for a better understanding of the business model concept, its evolution, prior to describing the major trends that affect the theory and practice of the concept. We approach the business model as a simplified description of how a company does business and earns money without having to go into the complex details of all strategies, processes, units, rules, hierarchies, work flows and corresponding systems. For a better conceptual perception of the business model, we considered it important to highlight its components. In this line of thinking, we analyse various opinions on the business model components. Worth mentioning is the fact that business models are constantly evolving as companies react to changes.

Research on Financial Strategy and Prospect of Internet Company: Taking Tencent as Evidence

In the new economic era, business model innovations emerge endlessly, especially with the entry of the Internet, a variety of business models and companies associated with the Internet appear. By analyzing the overall situation of the industry, market, revenue and profit that Tencent has developed into finance, this paper discusses the comparability and effectiveness of Internet economy, and expounds the difficulties and deficiencies of Internet companies in the financial development strategy, and gives examples of Tencent's financial development strategy divided into several main fields or levels. Based on this analysis of the Internet economy for the company's development prospects and strategic basis. The data of Tencent were sorted out from five aspects of Tencent's development history, general situation, business categories, business models and valuation difficulties, and the background of the empirical study was introduced. As the Internet company with the highest market value in China, Tencent has abundant historical data from both financial and non-financial indexes. Empirical analysis is applicable to establish a good value evaluation system, which indicates that the valuation of Internet companies should pay more attention to non-financial indexes such as the size and business type of Internet companies.

Research on urban energy Internet planning based on fuzzy comprehensive method

Abstract With the continuous development of China’s economy, the process of urbanisation and industrialisation has been accelerating, and coupled with the emergence of new energy, China’s urban energy consumption has undergone huge transformation. The urban energy Internet (UEI) is an important part of the country’s ‘carbon peak and carbon neutrality’, and it is also one of the key tasks in the planning, construction and operation of the power grid transformation. The traditional grid-side planning model relies on a single deterministic planning method, and there is less consideration for new influencing factors, which has been difficult to meet the energy demand in the context of the energy Internet. In this paper, research on UEI planning based on the fuzzy synthesis method is proposed. First, the basic architectural model of UEI is constructed. At the same time, the impact of distributed generation, energy storage, demand response, communication and other key technologies on the planning of active distribution networks in the distribution network planning under the UEI is analysed. Then, a fuzzy comprehensive method is proposed to calculate the weight of UEI planning. Finally, the planning and research of UEI prospects from the aspects of equipment form, system planning, operation control, business model and collaborative development are discussed.

CONSTRUCTION AND BENEFIT ESTIMATION OF BLUEBERRY SIGHTSEEING ORCHARD

In response to the characteristics of sightseeing orchards, blueberry species with early fruiting, environmental hazards, and high labor intensity were selected. From the aspects of variety selection, orchard construction, business model, and benefit evaluation, a exploration was conducted on blueberry sightseeing orchards, and a relatively reasonable evaluation was conducted on this new industry. The input-output ratio of open-field cultivation in the blueberry sightseeing garden during the 5a estimation period is 1:3.3, and the input-output ratio during the high-yield period is 1:12; The input-output ratio of facility cultivation is 1:2.1, and the input-output ratio during the high yield period is 1:16, indicating high economic benefits.

IoT-based Diagnostic Assistance for Energy Optimization of Air Conditioning Facilities

The Internet of Things (IoT) is a significant trend in the field of information technology and encourages the implementation of cyber-physical systems, smart connected products, and new business models. Many enterprises struggle to create business value from IoT technology because they have difficulties defining their organizational integration. Model-driven engineering (MDE) is considered an effective technique to address the complexity of IoT application development. Existing approaches focus on requirements from a technical perspective and exhibit a lack of integration with organizational and business model aspects. The paper proposes a modeling approach and a tool to support the development and configuration of IoT solutions in the example of air conditioning and cleanroom technologies (ACT) facilities. The main contributions of this paper are (a) an architecture for the IoT application, (b) a modeling language and tool support for IoT modeling, and (c) the expected practical benefits in the industrial case.

Towards a B2B integration framework for smart services in Industry 4.0

With the emergence of Industry 4.0, a transformation of value creation was initiated. Data-driven services, so-called smart services, which use data analysis techniques such as machine learning, are becoming increasingly important in new business models and the inter-company data exchange processes required for this. This paper examines both technical and business model aspects regarding the handling of data in the environment of Industry 4.0 use cases and their implications towards a B2B integration framework. It considers the provision and use of smart services in mechanical and plant engineering after-sales and develops a holistic approach for ensuring and managing internal and inter-company service integration. On the basis of use-cases carried out within a research project, the concept is implemented and evaluated.

ФОРМУВАННЯ БІЗНЕС-МОДЕЛІ ЛОГІСТИЧНОГО ПІДПРИЄМСТВА В УМОВАХ ЦИФРОВОЇ ТРАНСФОРМАЦІЇ

The article is devoted to the definition and justification of strategic aspects of the formation of a business model of a logistics enterprise in the conditions of digital transformation. During the research, it was found that the processes of digital transformation have a significant impact not only on the final results of domestic logistics enterprises, but also on the formation and implementation of strategic plans and their prospects. The authors emphasized that the strategic formation of the business model of domestic enterprises is significantly complicated not only by the accelerated pace of business development due to digital transformation, but also by economic and political instability in our country. In the conditions of digital transformation, traditional logistics strategies are not always appropriate to use, therefore there is a need to take into account foreign experience in the formation of business models and its adaptation in the activities of domestic enterprises. Strategic aspects of modern business models must be adapted to the real conditions of conducting domestic business, that is, the difficulties of wartime and the consequences of digital transformation. The authors stated that the current conditions of functioning of domestic enterprises were significantly complicated by economic and political instability and the introduction of martial law in connection with Russian military aggression. Enterprises do not work so much to maximize profit as to survive and maintain their positions in the market. The market requires the logistics business to take into account constant changes, develop competitive advantages, predict possible changes in demand, etc. The authors of the article believe that it is the formation of a business model of development that enables a logistics enterprise to effectively and rationally carry out its activities. In the course of the study, the authors suggested adapting existing business models to modern complex business conditions and adapting them to the functioning of logistics systems.

Modern trends in the management of service organizations in the context of digital transformation

The subject of the study is the process of digital transformation in service companies. The article consistently examines modern trends in the management of digital transformation processes for service companies, including in the field of the economy of shared consumption. Attention is focused on the importance of taking into account the context of each specific business and explains the essence of this approach. The issues of adaptation of service organizations in the modern digital economy and the opportunities and problems that accompany it are considered. The problems of changes in the goals and priorities of the management of service companies and the choice of directions for successful digital transformation are studied in detail. The main conclusions of the study are the following provisions: The digital economy requires the management of service companies to be able to implement digital transformation projects; for successful management of digital transformation, it is necessary to take into account the full context and strategic goals of the company; the main problems of service and sharing companies on the way to improving the efficiency of business processes are the need to change approaches to management and a shortage of personnel with knowledge and competencies necessary for the implementation of digital transformation. It is also shown that digitalization and automation can be carried out in various ways and affect various aspects of the company's business model. Service companies should strive to be at the forefront of digitalization.

Product destruction: Exploring unsustainable production-consumption systems and appropriate policy responses

The practice of product destruction, whereby retailers or manufacturers dispose of viable consumer products such as unsold goods or customer returns, is an extreme expression of the linearity of our current production-consumption system. This qualitative exploratory study aims to uncover why companies engage in this highly unsustainable and resource-inefficient behaviour and to explore the potential policy interventions required to effectively address the issue. In-depth interviews were conducted with eleven experts from the textiles and electronics sectors to understand the driving forces behind this practice and provide a bottom-up perspective on appropriate policy interventions. The research identified two distinct sets of factors that contribute to product destruction. Upstream factors influence overall levels of customer returns and unsold stock and primarily include aspects of the retailer's business model, consumer expectations and product design. Downstream factors drive companies to dispose of these products rather than to pursue product life-extension strategies such as repair and reuse. Key downstream factors include economic incentives, profit-margin considerations, liability and brand integrity concerns, the availability of reuse networks and management issues. Consequently, to meaningfully address product destruction, a policy mix is required to simultaneously target upstream and downstream factors and change the behaviour of different actors, from manufacturers and retailers to consumers and reuse organisations.

Impacts of Company Factors on Digital Business Model Maturity for Yachting Tourism Agencies

Digital business models are reshaping tourism landscape, causing disruptive shifts within its entire ecosystem – including in the provision of services, employment modalities, value networks and more. In the light of such developments, there is a growing body of scholarly literature studying various aspects of digital business models in tourism. Yet, papers dealing with tourism’s digital business models maturity and factors influencing it are still scarce. The objective of this study is to address the identified research gap and contribute to the growing literature base by empirically testing the relationship between digital business models maturity and factors such as company location, size, age and business model history. Methodologically, the paper is based on an extensive empirical research constructed upon a valid framework and administered internationally through a structured online questionnaire. The final sample included 162 companies active in yachting tourism sector, headquartered in 42 countries and 5 continents, thus reflecting the study’s global scope. The findings imply that there is a statistically significant impact of company’s size on its digital business model maturity, while there is no significant impact when it comes to company’s age and business model history. Finally, the effects of the company location are specific – although there is no general statistical correlation between location and digital business model maturity, other layers of analysis do indicate the companies with highly mature digital business models do tend to originate from highly developed countries.

CORS Networks, Aspects of Business Models in Europe and the Region

<p>The paper describes the functioning of CORS permanent networks in the world. Special attention has been paid to the EPN network and the regional CORS networks in Bosnia and Herzegovina, Serbia, Montenegro, and Croatia. BiHPOS: SRPOS and FBiHPOS, AGROS, CROPOS, and MONTEPOS were analyzed from the aspect of mutual data exchange with the aim of achieving better location accuracy and removing deficiencies in the network geometries. Due to their individual development, as well as mutually concluded agreements on data exchange, measurements obtained using GNSS today have a wide range of applications, such as maritime communication, aviation, engineering work, earth monitoring, and many more. Also, the points of the region included in the EPN network with the aim of exchanging data at the European level are shown.</p>

Framing a maturity model for business model innovation

Purpose: The aim of this conceptual study is bridging established theory on maturity models and business model innovation. The paper identifies boundary conditions and necessary steps for the design of an integrated maturity model for business model innovation. This contribution establishes a foundation that enables the assessment through selection of improvement measures and benchmarking.
 Design/methodology/approach: The paper systematically assesses the extant literature to establish ontological consistency in the bridging attempt and defines the boundary conditions and specific steps for subsequent model development.
 Findings: Prior published research only to a limited degree relates maturity model to business model innovation. Our assessment of extant literature reveals how innovation maturity models exhibit an extensive variety with regard to their application domain, number, and descriptors of dimensions, level of granularity, the design process, as well as empirical validation and the consideration of business model aspects. Based on these insights, the focus, scope, and steps towards a maturity model for business model innovation were defined.
 Originality/value: The results of the research provide an important foundation for further research and development steps towards a maturity model for business model innovation. Furthermore, the detailed analysis of innovation maturity models has potential to be used as a basis for the development of other maturity models in the innovation domain and as a blueprint for analyzing future maturity models in detail.

Closing competency gaps for circularity: Exploring partner dynamics for circular-oriented innovation

The implementation of circular initiatives requires certain capabilities and knowledge that traditional business models often lack, requiring new perspectives and external collaborations. While it is understood that partnerships can aid in innovation and provide knowledge and capabilities to firms, the dynamics of collaboration for the transition towards circular business models (CBMs) need to be explored to understand why and how collaboration works between partners. A qualitative and in-depth case study of a gap exploiter business model and three of its partners was conducted to gain insight into collaborative relationships for circular-oriented innovation (COI). The research builds upon the theoretical foundations of the resource-based view and organizational learning by extending them to collaboration for COI, and expands the understanding of a gap exploiter business model by connecting it to research on innovation intermediaries—highlighting how particular competences and aspects of a gap exploiter business model enable collaboration with partners. The research found that motivations for collaboration for COI for B2C linear companies are derived from a need to fill competency gaps, although some companies perceive the need to fill competency gaps as temporary before building their own, while others use collaboration to build long-term relationships. Competences needed for COI include a combination of tangible and intangible aspects, such as space, tools, storage for repair and reconditioning, but also governance and managerial structures to formalize the COI as well as knowledge, skills, shared values and vision to operationalize the COI. The competences that contribute the most to enabling collaboration mechanisms are based on the skills and knowledge needed to operationalize circular strategies, as well as company values of collaboration and building partner relations. This research provides several practical resources for companies that include business model blueprints of successful gap exploiter models, competence for COI categories for companies to map out where they will need specific competences, and how these competences along with the business model blueprints enable collaboration. Future research could further examine and evaluate the criticality, volatility, and dependency of the competences for both COI and collaboration.