Business Model Evaluation Research Articles

Analisis Strategi Bisnis Menggunakan SWOT, BMC, dan Balance Scorecard pada UMKM AC

The food and beverage industry contributes significantly to Indonesia's Gross Domestic Product (GDP), with UMKM AC, located in Bogor City, being one of the contributors. This research formulates a business strategy for UMKM AC using the Business Model Canvas (BMC), SWOT analysis, and evaluation of Key Performance Indicators (KPIs) with the Balanced Scorecard (BSC). Data were collected through questionnaires and literature studies. The BMC analysis results indicate strengths in customer segmentation and community relations. The internal and external factor analysis shows that UMKM AC is in a position to grow and develop. The SWOT analysis identifies opportunities for UMKM AC, focusing on strategies that have a positive impact. The BSC evaluation shows overall good performance, but there are some strategic goals that need further improvement. This research highlights the importance of strategic planning and performance evaluation for SMEs in facing industry competition.

Business model evaluation of a hybrid wind-battery virtual power plant dynamically updating the remaining battery capacity

Business model evaluation of a hybrid wind-battery virtual power plant dynamically updating the remaining battery capacity

Business Model Analysis and Evaluation of Hotpot Catering Industry ——Taking Haidilao and Xiabu Group as examples

Hotpot is a form of catering that has existed for thousands of years in China. Under the background of rapid development in China, the hot pot industry has created a solid market with traditional cooking technology and rich innovation mode and has become one of the important forces in China's catering industry. In the face of fierce market competition, the correctness of the business model often determines the development path of enterprises. To evaluate the impact of different business models on the development of the food and beverage industry, this paper compares the business models of Haidilao and Xiabu Group, analyzes their business models, feedback data, operation strategies, and marketing methods, and evaluates the development prospects of the two models according to the analysis results.

Photovoltaic Projects for Multidimensional Poverty Alleviation: Bibliometric Analysis and State of the Art

Motivated by initiatives such as the UN Sustainable Development Goals (SDG), particularly SDG 1 - Poverty Eradication and SDG 7 - Clean and Accessible Energy, the search for solutions aiming to mitigate poverty has been recurrent in several studies. This paper main objective is to evaluate the dynamics of global research on the use of photovoltaic projects for poverty alleviation (PVPA) from 2003 to 2022. We use a bibliometric analysis to identify publication patterns and consequently list research trends and gaps of the area. A total of 336 publications from Scopus database are identified and complemented by a state-of-the-art study, where the articles are investigated and classified according to: business model and financing and evaluation of PVPA results. The results show that PA is often associated with PV power and its application in rural areas. “Biomass” and “application in developing countries” have become a trend. Urban areas application, aiming to reduce poverty, and the need for a synergetic integration of energy and urban planning, to mitigate the risks associated with energy flow and efficiency, are the most relevant gaps identified. Most of the publications focus on macropolicies effects involving PV technology; papers on projects construction and ex-post are not identified.

EVALUATING THE BUSINESS MODEL INNOVATION OF SMALL SNACK FOOD PRODUCTION ENTERPRISES IN CHINA BASED ON THE VARIM MODEL

This paper examines the business model innovation situation, evaluation, and key factors of small snack food production enterprises in China and provides suggestions for enterprises. A questionnaire designed using the VARIM model evaluates business model innovation based on five aspects, combined with the influential role of relational resources, digital technology, and long tail theory. It is hypothesized that relational resources, digital technology, and long tail theory have a positive impact on business model innovation, and that the VARIM model assesses profitability potential. It is hypothesized that firms should utilize these factors for business model innovation to improve competitiveness and sustainability. The findings and conclusions of this paper are based on assumptions and speculations, which need to be verified and corrected by subsequent practical investigations.

Strategi Meningkatkan Kinerja Produk Ayam melalui Pengembangan Kanvas Model Bisnis

ALIO (name abbreviated for confidentiality) is one of a medium-scale enterprise in Indonesia that engaged in the chicken trading business in Jakarta with the store name is ALIO. This business sells broiler, red, and parent stock chickens. Even though it has been established since 1976, it turns out that the business is still managed in a traditional way so that there were no breakthroughs. Our study aims at analyzing the business model canvas of chicken ALIO. We conducted the study between December 2022 and March 2023. We conducted a business model evaluation based on the SWOT questionnaire (Osterwalder and Pigneur 2020). The findings show that the strength-opportunity level is around 71% and the weakness-threat level is around 63%. This indicated gaps in both sides. The 71% SO needed enhancement. The 63% WO needs reductions. The business coaching approach has resulted in better formation of the business model canvas. The improvement in SO level has become 84% and the improvement of WO level has become 24%. This improvement is a manifestation of adaptive business model to respond to the changing business environment and to enhance business performance. This case study with a business coaching approach has facilitated the process of solving business problems in a focused and involving related entrepreneurs.

Measuring success: Evaluating the business model of rural mini-grid ecosystems

In Sub-Saharan Africa (SSA), the challenge of widespread electricity access, especially in rural areas, persists, with approximately half the population lacking basic electricity services. To tackle this issue, decentralized energy resource (DER) technologies, including solar home systems and micro/mini-grids, have gained prominence, aiming to revolutionize the SSA energy landscape. This paper aims to introduce a framework for evaluating business models in the context of rural mini-grid ecosystems. Conventionally, developers of rural mini-grids are responsible for all aspects of the project, from conception to operation and maintenance. However, with the emergence of new private sector facilitators, value creation in this ecosystem has become more complex. As multiple stakeholders apply different business models and patterns to create and capture value, evaluating the efficacy of these models is critical. The evaluation framework presented in this paper draws upon various business model theories and evaluation approaches and includes indicators for assessing performance. To demonstrate the framework's usefulness, we applied it to six companies currently operating in rural mini-grid projects in Africa. Consistent evaluation of these business models is essential for adapting to changing conditions, identifying areas for innovation, and sustaining competitiveness, furthering the field of business model assessment. By bridging this gap between business model evaluation methodologies and rural electrification studies, this paper contributes to understanding the transformative effects of mini-grid projects, extending beyond traditional energy access metrics.

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.

An Open Framework for the Assessment of 5G Business Cases and Investments

Beyond technological advances, 5G aims to establish an open innovation ecosystem with a wide variety of stakeholders and a plethora of new business opportunities. Mobile network operators, digital service providers, communication service providers, and vertical service providers are among the actor roles that co-create and deliver novel 5G-empowered applications. The variety of business relationships in the 5G ecosystem leads to multiple potential value network configurations and business models. In this article, we introduce a framework that enables the assessment of 5G business cases through the techno-economic analysis of alternative value network configurations, business models, cost and revenue structures, infrastructure deployments, and market conditions. The implementation of the framework is enabled by the open 360 Business Model Evaluation tool, which allows the assessment of 5G business cases from different perspectives: per actor business model evaluation, holistic cost-benefit evaluation, and upscaling and replication evaluation. We illustrate the use of our framework assessing the 5G experimentation as a service business case, motivated by the 5G-VINNI experimentation platform.

ЦИФРОВИЗАЦИЯ ТЕХНОЛОГИЧЕСКОГО ИНЖИНИРИНГА И РЕИНЖИНИРИНГА

The article deals with the issues of engineering and reengineering of complex performance of works. It is indicated that contracts for the integrated performance of work are one of the most common forms of concluding agreements in the activities of organizations of various forms of ownership. The authors present the consequences of a violation of the integrated performance of work on the activities of the enterprise. The development of the engineering market has a positive impact on the performance of the firm and the introduction of new digital technologies. Attention is paid to companies in the oil and gas sector, which occupy a significant volume of the segment and have proven methods of project implementation, developed cooperation with leading organizations and access to financing. Limitations of liability and risks of intermediary distribution of work, focus on diversification of risks and the role of legislative initiatives in the field of research are indicated. The reformatting of the design and technological infrastructure directly depends on the use of digital technologies in business processes. Reengineering allows you to improve the ability to follow the strategic goals of the organization, increase the creation of added value and organizational efficiency, and solve the problems of low technological readiness of production entities. At the same time, business process engineering depends on the industry in which the company operates, the efficiency of operations and the cost of engineering software for modern modeling. Risk diversification of process engineering and reengineering is limited by capital costs, the nature of the business model, market conditions, ownership structure, and project performance evaluation. The article summarizes the impact of the digitalization of technological engineering and reengineering on improving productivity by reducing transaction costs, reducing project lead time, and improving the business model.

Economic analysis of sector coupling business models: Application on green hydrogen use cases

Sector coupling will play a key role in the future energy system to realise greenhouse gas emission reductions. A major factor will be green hydrogen based on renewable energies to defossilise consumption sectors. Related business models of power to gas are not yet implemented on the market. However, given the urgency of the change, this is essential.This paper investigates hydrogen business models under current market conditions of high power prices, no existing market for green hydrogen and the given regulatory framework with no levies for green hydrogen production in the German market. For this purpose, an open-source business model evaluation tool for sector coupling, which enables a simple and generic evaluation of sector coupling business models including production and possible transportation infrastructure, is developed and applied. Furthermore, the impact of changes of the input parameters like power prices and the influence of regulatory changes on profitability are assessed.The results show that X-to-power business cases can be already profitable due to high power prices on the wholesale market. However, power-to-X business models like hydrogen production still have negative net present values and the net present value is worsened when infrastructure for hydrogen transportation is considered. Key parameters for the negative result are investment costs and low hydrogen prices. Nevertheless, it must be considered that higher hydrogen prices have a negative impact on the X-to-power business model. To allow for profitable business cases, the market conditions need to be adjusted to ensure sufficiently high prices for green hydrogen. Furthermore, subsidies on investment or operational and maintenance costs can support the integration of power-to-X into the market. Transportation infrastructure has a significant impact on profitability. Given these facts, it is necessary to create the required framework conditions to ensure the realisation of sector coupling.

39 Bakers: roadmap to profitability through customer management

Learning outcomes 1. To analyze the various business models and choose the best model to contribute maximum profit to the company.2. To understand the importance of customer management with the help of the Net Promoter Score in the food retail context.3. To develop customer loyalty strategies and implement them to improve customer management? Case overview/synopsis 39 Bakers, a multi-outlet bakery chain in Jammu, India, is run by its founder Gagan. 39 Bakers, through its retail outlets across the Jammu region, offers a variety of products, ranging from bakery items that include blends of Indian and Italian cuisines, offering more than 1000 stock keeping units (SKUs). Through its high-quality offerings at an affordable price range, the brand has carved a niche in the hyper-competitive bakery market of the Jammu region. Gagan, has closely seen the Jammu market and customer preferences and strongly perceived that the customers in the Jammu region are very price sensitive. Thus, he has always been very reluctant to increase the prices of his product offerings at 39 Bakers. He has always believed that any drastic price rise may lead to immediate dissatisfaction and customer churn and therefore has not increased the prices at 39 Bakers for two years in a row. While this decision of Gagan paid off in terms of its popularity and recognition as one of the highly recommended bakery chains among customers, it drastically impacted the bottom line (i.e. profitability) at 39 Bakers, especially in the year 2020–21. Getting popularity at the cost of dipping profitability made Gagan rethink his decision to be protective of price increases at 39 bakers. How can he measure customer satisfaction and loyalty? Which loyalty strategies will work for the huge customer base of Jammu? Should he change his business model from B2C to B2B? How can loyalty be established? How can he manage his existing and loyal customers through price increases? Complexity academic level The case study is suitable for undergraduate and postgraduate courses in Marketing Management and Retail Marketing. The case study’s focus can be on the importance of pricing, business model evaluation, customer management analysis, customer loyalty, Customer Loyalty analysis, and net promoters score. The case can also be useful to entrepreneurs and regulators. Supplementary materials Teaching notes are available for educators only. Subject code CSS 3: Entrepreneurship.

How to Boost Business Model Evaluation? Interpersonal Configurations and the Role of the Environment

To establish or maintain competitive advantage, firms need innovative business models. One way to develop innovative business models is to evaluate different alternatives during new product and service development. This team-level business model evaluation capability can help to proactively initiate innovation. However, managers and their teams lack knowledge about the necessary structures they need to establish to successfully build business model evaluation capabilities. Thereby, team interpersonal configurations could play a major role in deploying the capabilities. However, various conditions in firms’ environments could impact developing these capabilities, which has largely been disregarded in the literature to date. This is problematic because variances in teams’ compositions and structures can impact how they identify and leverage opportunities. We investigate our research model and related hypotheses by using cross-sector survey data from 238 heads of R&D and innovation departments. We thereby highlight the value of team interpersonal configurations for business model evaluation and reveal the interacting effects of internal and external factors. We contribute to research on innovation and business models by unravelling a fine-grained understanding of the driving and conditional forces on business model evaluation, and thereby set out to further uncover the boundary conditions of business model innovation.

Public transportation business model evaluation with Spherical and Intuitionistic Fuzzy AHP and sensitivity analysis

Business models represent a critical tool for strategic management. It provides managers with a holistic perspective to shape business operations regarding the activity, value, and finance dimensions. This study presents a business model canvas framework for public transportation organizations including an impact element and its external environment. The main and sub-criteria of the model are designed according to the literature under three hierarchical levels. Fuzzy Analytic Hierarchy Process (f-AHP) is applied to the model with two extensions which are Intuitionistic Fuzzy Sets (IFS) and Spherical Fuzzy Sets (SFS) to evaluate the proposed model. A solution set is also provided with a traditional AHP in order to check the robustness of the former methods. According to the results, the internal environment is ranked as the most important criteria at the first level for all methods. Whereas the activity element is ranked first at the second level, key partners are ranked first at the third level for all methods. The results show that IF-AHP and SF-AHP provide similar global weights but both of them provided divergent results from traditional AHP weights. Sensitivity analyses show that the model is sensitive to expert judgments. This study contributes to the works of both academicians and practitioners in terms of designing and evaluating public transportation business models.

Business Model Evaluation: A Systematic Review of Methods

Background: As a result of factors such as digitization and rapid technology change, organizations are compelled to innovate their business models at an accelerated pace. While the domain of business model innovation has focused on understanding and structuring the process of innovation, it offers limited guidance for evaluating business models during the innovation process. Business model evaluation plays a vital role in supporting decision-making about the performance or viability of new business models and motivating continued investments. Existing literature on methods for business model evaluation and their application is limited and available information is scattered. Furthermore, as the BMI process covers a broad spectrum of activities - from business model initiation to implementation - the evaluation challenges and the effectiveness of evaluation methods vary across the phases of innovation. Thus, there is a need for a better understanding on methods for business model evaluation, and their timing and application for business model innovation. Method: Through a systematic literature review, we have investigated the methods available for business model evaluation and focused on understanding their characteristics and effective timing of application in the business model innovation process. Results: We have identified six groups of methods used for business model evaluation. Additionally, we find that early phase business model evaluation is predominantly qualitative in nature, whereas late phases of business model innovation are generally supported through quantitatively-oriented methods. Moreover, we observe that limited evaluation support is available in the literature to support the initiation phase of business model innovation. Based on our findings, we propose a guiding structure for aligning the available methods with the respective innovation phases. Conclusion: The proposed guiding structure offers guidance for business model evaluation in practice and serves as a basis for future research in developing more effective methods and tools for business model evaluation and development.

Machine learning-based multimedia services for business model evaluation

A business model evaluation refers to how a company uses its capital to provide value to consumers while optimizing income and growth. Entrepreneurs are facing important challenges in executing their market development based on resource-centered business models. Hence, the Multimedia-assisted Business Evaluation Model (MBEM) based on machine learning has been proposed to improve business efficiency. Multimedia has the right to prohibit third persons from infringing a commercial model that involves the selling and distributing sound files for digital content by sending patents for the online distribution of music and video. It can be useful to produce a broad range of design proposals and find the newest innovations to create modern solutions to challenging structures and become more competitive markets. A Decision Support System (DSSs) based on machine learning for information systems supports organizational and business decision-making. The experimental results show that the proposed MBEM model enhances business evaluation, decision making, performance, and profitability compared to other popular methods.

Antecedents to cognitive business model evaluation: a dynamic managerial capabilities perspective

The increasing misalignment between the technological and economic domains in today’s digitalized global economy puts managers under constant pressure to redesign firms’ business models. Business model innovation has thus become a critical managerial challenge to develop and sustain competitive advantages. Building on the dynamic managerial capabilities perspective, we argue that managers are at the heart of strategic change through business model innovation. We hypothesize that decision-making regarding business model innovation is the outcome of how managers cognitively process information. We further reason that while managerial human capital and social capital reinforce each other, they also promote managers’ ability to consciously evaluate options for business model innovation. Our empirical study builds on a sample of firms operating primarily within the Industry 4.0 sector. The results significantly confirm managerial human and social capital as two crucial antecedents to cognitive business model innovation. Contrary to the literature, the data set does not show a significant positive relationship between managerial human and social capital. Our main contributions to the literature are twofold; from a methodological perspective, we are one of the first to construct a multidimensional measurement of dynamic managerial capabilities, while from a theoretical and practical perspective, our findings further underline the relevance of dynamic managerial capabilities for business model innovation. Finally, we discuss theoretical and practical implications and propose future avenues for research.

Examining the Research on Business Information-Entropy Correlation in the Accounting Process of Organizations.

Open business organizations, where information flows, is shared, and exchanged, are more prepared to adapt and survive chaos, uncertainty, and entropy, so they will be more predisposed to change management. The aim of this study is to analyze research trends at the international level on business information–entropy correlation in the accounting process of organizations. Mathematical and statistical techniques were applied to 980 articles during the period 1974–2020, obtaining results on the scientific productivity of the driving agents of this topic: authors, research institutions, countries/territories, and journals. Five lines of research were identified during the period analyzed, which mainly study information theory, maximum entropy, information entropy, decision-making, and enthalpy. Future research should focus on analyzing the evolution of this topic, which forms new thematic axes related to bitcoin market efficiency, business hierarchy information, business model evaluation systems, catastrophic economic collapse, corporate diversification, CSR reports affecting accounting conservatism, economic income accounting, and information loss. Currently, the research presents an upward trend, which allows a growing interest in the subject to be deduced in the academic and scientific community worldwide.

Impacts of additive manufacturing to sustainable urban–rural interdependence through strategic control

Additive manufacturing (AM) in the plastics industry is the core area of sustainable manufacturing, commonly recognised for its high efficiency in enabling cost-effective production towards sustainability. For these reasons, the present research addresses and pertains to several areas and techniques, such as Collection–Recycling–Manufacturing (CRM), processes benchmarking, and business model evaluation, which together can be driving forces of sustainability. However, these combined are insufficient for AM to effectively achieve sustainability, as AM’s realisation requires human factors such as multi-entity authorities, policy making, and AM-based society to initiate and achieve AM.The strategic control model focuses on human-centric approaches such as urban–rural interdependence, policy, and population planning. It investigates each nation’s statistics, and enables strategy and planning, for instance, relocate overcrowding populations to rural or suburban areas. It also creates robust workforces to support AM and materials recycling in suburb or rural areas. Through strategic control model, the construction of AM processes in low-population areas protects ecosystems, creates job opportunities, and eliminates society issues.The strategic control model further covers infrastructure of new residents, and supports the home-based businesses (HBB) of AM. This can improve manufacturing efficiency and reduce CO2 emission, prevent pandemic crises such as the COVID-19. Eventually, it achieves sustainable urban–rural interdependence.

Sustainability-Oriented Business Model Evaluation—A Literature Review

Since the need of sustainable development is indisputable, companies are forced to strive for resources, processes, and products that are sustainable. Thus, their business models as the main representation of their activities should be designed in an ecologically, economically, and socially beneficial way. However, designing and developing sustainable business models is closely linked to their evaluation. Sustainable business model evaluation as a vital part of business model development has been addressed in literature in the past with increasing frequency. As a consequence, the plethora of different approaches of sustainability-oriented business model evaluation calls for a systematic literature review. Thus, in this study, we reviewed existing articles on sustainability-oriented business model evaluation and identified four main categories of evaluation methods: single indicators (I), indicator system/framework (II), simulation-based evaluation (III), and multi criteria decision-making (IV). By analyzing and structuring the proposed approaches, their benefits and limitations are revealed, pointing out gaps and future research needs for successfully designing and evaluating business models today and in the future.