Changing Business Models Research Articles

Sustainable Tech Entrepreneurship and Green Innovation Driving Resilience and Environmental Impact through Digital Transformation and Circular Business Models

Growing issues of climate change and depletion of natural resources demand a change in business models to be sustainable. This research examines Sustainable Technology Entrepreneurship (STE) and Green Innovation (GI), focusing on digital transformation, circular business models, and green finance as an evolution towards environmental resilience and sustainability. Regarding the potential issue of knowledge gaps when treating these components together, in this paper, the significant role these elements play in the implementation of the Sustainable Development Goals (SDGs) is also emphasized. In the study, a conceptual framework is developed, and a structural equation model (SEM) is used with data from over 200 participants. It is already demonstrated that digital technologies (DT) play the role of a considerable driving force behind sustainable entrepreneurship, a somewhat significant and supportive role of circular business models, and a moderate but significant one of green finance. STE is recognized as a significant mediating factor of the phenomenon, related to environmental resilience by way of innovative, sustainable concepts. This paper emphasizes the effectiveness of synergies between DT, circular economy principles and green finance to support sustainability, which can help key recommendations to policymakers and corporate managers for sustainable leverage of a growth path of economic development.

Innovation in business model changes in PT MRT Jakarta’s towards creating Transit Oriented Development area

Transit-oriented development is a concept that focuses on developing areas in and around transit nodes to create added value. The concept concentrates on integrating mass public transport networks with non-motorized modes of transport, minimizing the usage of motorized vehicles, and fostering the growth of dense, mixed-use areas with medium to high spatial intensity. This research examines the effects of altering the business model to create Transit Oriented Development (TOD) in Jakarta, contrasting it with PT Moda Raya Transports (PT MRT). We collected data by conducting in-depth interviews with experts and distributing questionnaires to seven respondents who work at this We used the Business Model Canvas (BMC) to identify business models and the internal resources needed for the implementation process. process. Therefore, six elements in BMC were used to conduct changes, and based on the results, RBV analysis was pe PT MRT needs to enhance its internal power to a competitive advantage level in order to effectively manage changes. We need to conduct further research on how the business model can influence the creation of transit-oriented development areas.

Climate Change and Business Model Innovation: A Synthesis of Review and Qualitative Exploration of the Cultural Shift in Environmental Strategies

ABSTRACTThe study qualitatively explores how environmental concerns change business models by critically synthesizing the literature at the nexus of business model innovation and climate change. Using a combined approach that includes a systematic literature review and semistructured interviews with professionals, we determine the current state of the literature using key bibliometric analysis. We next critically evaluate emerging themes and make recommendations for further study based on the review's theoretical and empirical shortcomings. Our research shows that a wide range of stakeholders, including end users, advocacy groups, and policymakers, are impacted by the effects of climate change on business model innovation. The paper highlights the forces behind business model adaptation in the face of climate change and its effects, emphasizing the adoption of circular economy models, the switch to renewable energy sources, and cultural shifts toward more sustainable production and consumption. This review advances theory by summarizing the extant material and offering a well‐organized research plan for further investigations. Additionally, it offers valuable insights into how the competitive landscape is impacted by climate change, along with suggestions on how companies might thrive in this changing environment.

Which factors influence a business model change due to a change in feed composition and how can they be studied? – A case study on the applicability of a theoretical guide to study business model change in agriculture

Which factors influence a business model change due to a change in feed composition and how can they be studied? – A case study on the applicability of a theoretical guide to study business model change in agriculture

Coopetition: A vehicle for business model distinctiveness

The increasing environmental turbulence of today calls for a new era of coopetition research, particularly in the context of evolving business models through alliances with other firms. Collaborating with competitors—firms operating in the same markets—can generate innovative approaches to business model change. Our empirical study, based on a multi-sector survey of 302 dyadic R&D alliances, combined with longitudinal data from 2010 to 2019, reveals that market overlap between partnering firms follows an inverted U-shaped relationship with business model change, which we interpret as new value configurations. Our finding implies that firms with moderate market overlap are best positioned to drive business model change. The success of this relationship depends heavily on whether the firms have collaborated before or plan to continue their partnership in the future. Furthermore, we find that, over time, the business models of these firms tend to diverge, leading to greater (relative) distinctiveness at the firm level. Our insights open up new directions for coopetition research, suggesting that by focusing on distinctiveness, firms may enhance their resilience and success in turbulent environments.

Technological and environmental drivers of changes in business model. The film industry perspective

Technological and environmental drivers of changes in business model. The film industry perspective

Factors influencing business model change: a case study for the European crop protection industry

PurposeThis paper proposes a theoretical framework for the comprehensive study of business model (BM) change by taking different types of influencing factors and different levels of analysis into account (business, industry and macro-environment).Design/methodology/approachEvaluation of the added value of using the combination of three existing frameworks (the business model canvas (Osterwalder and Pigneur, 2010), Porter’s five forces framework (Porter, 1980) and PESTEL (Johnson et al., 2017)) based on semi-structured interviews with eight companies active in the European crop protection industry. The proposed theoretical framework was used to analyse several BM change situations as presented by the companies.FindingsOur findings reveal that the study of BM change is improved when a third type of influencing factors is considered besides drivers and facilitating/hindering factors. This third type includes factors that shape cohesion between BM components or between the BM and its environment. Second, the interaction of different types of influencing factors at different levels of analysis should be considered, as this generates a comprehensive view of the BM change situation.Originality/valueThis paper meets the demand for a theoretical handle that results in improved and more comprehensive analysis of BM change. The proposed theoretical framework combines different types of internal (business) and external (industry and macro-environment) factors that shape a BM change and considers their interaction.

Adaptation of Russian Automotive Industry to the Impact of New Sanctions

One of the major industries significantly affected by the new sanctions is the Russian automotive industry. The withdrawal of Western brands, restrictions on the import and maintenance of foreign cars and their components already imported into the country, as well as the curtailment of car production in Russia have significantly changed industry and market structures, accelerated price growth and led to a change in the characteristics of products on the market towards their technical simplification. The research methodology is based on statistical analysis and comparison of discrete institutional alternatives. Using the methods of the new institutional economics, the main directions for adapting business models in the Russian passenger car industry to sanctions restrictions were identified. In particular, special attention is paid to the specifics of international transactions in the context of sanctions. Based on the analysis of the process of changing business models in the market, it can be concluded that current changes only partially compensate for the impact of sanctions, but at the same time create restrictions for the long-term development of the domestic car market, undermining incentives for technological improvement of cars on the market. Moreover, current measures can have a significant negative impact on consumer welfare, provoking an increase in the volume of unsatisfied demand. To solve this problem, it is advisable to adjust the state regulation of the domestic automotive market. In particular, it is advisable to ease foreign trade restrictions (including reducing the size of the recycling fee for cars) and review the import substitution policy in terms of providing the automotive industry with technologically sophisticated components.

Research on the Green Development of E-Commerce Economy Based on E-Commerce Platform

While innovating global trade and service models, driving profound changes in business models and consumer behaviors, the e-commerce economy is also accompanied by problems such as resource consumption and environmental pollution, which have aroused people's concern and profound thinking about sustainable development. In this context, green development has gradually become a global consensus. It has become an urgent research topic to correctly understand the relationship between them and integrate green concepts into the development of the e-commerce economy to achieve the dual goals of economic benefits and environmental sustainability. This paper selects two major e-commerce platforms, Amazon and JD, as cases, summarizes the current situation of e-commerce platforms and green development, reveals the relationship between the two, points out the challenges faced, and puts forward corresponding solutions, emphasizing the importance of technological innovation, policy guidance, consumer behavior education, and win-win cooperation. This paper reviews the state of e-commerce platforms and sustainable development, highlighting the linkage and addressing challenges with proposed solutions, underscoring the roles of tech innovation, policy, consumer education, and a collaborative strategy. This helps to highlight the vital role of e-commerce platforms in global economic growth and business innovation, increase their emphasis on environmental protection and social responsibility, and promote future paths and prospects in achieving long-term sustainable development goals.

Digitalization and business model change in small professional service firms: evidence from tax accountants

ABSTRACT Digitalisation offers many business opportunities for professional service firms (PSFs) in general and for tax consulting in particular. Digitalisation is changing the cost structures of PSFs, which affects the scope and scale of PSFs and their service offering. Scope, scale and offered services are part of a business model. Given the increasing importance of PSFs to an economy, it is unfortunate that evidence is lacking on whether and how digitalisation is changing PSFs’ business models. This study provides insights into how tax accountants, as a subgroup of PSFs, are changing their business model in the wake of digitalisation. Tax professionals can respond reactively or proactively to digitisation, either meeting client needs or actively engaging with new technologies. However, smaller accounting firms may face challenges due to resource constraints and lack of expertise, which could be addressed through collaboration, alongside considerations of data security and regulatory compliance.

Challenges of Nigerian Book Publishing Industry in Post-Covid-19 Economy and Survival Strategies

Book publishing, like other sectors of the global economy, has experienced unprecedented challenges in the post-COVID-19 era, which include disrupted supply chains, reduced purchasing power on the part of students and teachers, and increased competition from digital media. The pandemic has also occasioned a change in business model and marketing strategy leading to transition from physical to virtual platforms. In addition, the book publishing industry has equally experienced paper shortages, printing delays, and heightened costs of production thus, encroaching on the publishers’ profit margin. The study, anchored on Free market theory and instinctive theory of motivation, attempted to put book publishing in perspective using qualitative research that relies on secondary data. The study also looked at the effect of Covid-19 on the global economy in general and the book publishing industry in particular. The study discovered the crucial role the advent of digitalization played in the interface of post-COVID-19 economy and book publishing sub-sector. Besides, it revealed the manifold challenges engendered by COVID-19 in the book publishing industry globally and specifically in Nigeria, which include lack of capital, inability to provide adequate numbers of high-quality books, book piracy, proliferation of unqualified author-publishers and poor reading culture, to the extent the sub-sector is struggling to survive. To endure this inclement economic era, the study suggested the following strategies: publishers need to adopt innovative strategies by investing in digital infrastructure so as to be able to publish printed and e-books as well as opening physical and online sales outlets to boost the revenue base, and different publishers can form a consortium to negotiate and minimize the cost of buying raw materials. Additionally, two or more publishing outfits can come together under merger and acquisition arrangements to bolster their capital base and stay competitive. In conclusion, the study made some recommendations that can help to support this industry to stay afloat in this trying time.

Research on the Food Service Industry in Central Taiwan

This study examined the changes in business models in the food service industry of Taiwan in the postpandemic era. After staying at home for a more prolonged period during the pandemic. More consumers choose to cook at home to save costs, leading to a booming homemade food market. This trend greatly increases the popularity of convenient meal kits, semi-finished products, and do-it-yourself (DIY) meal sets. It not only caters to consumers’ interest in cooking but also provide convenient and quick solutions for food preparation. Food and beverage businesses have successfully expanded their market reach by developing high-quality homemade food products and utilizing social media and e-commerce platforms for sales. The immediacy and wide audience coverage of social media economy have enabled influencers and food bloggers to directly demonstrate the use and effects of meal kits and DIY dining through live streams and short videos. This approach attracts large numbers of followers to purchase these products, thereby quickly enhancing product awareness and sales. Collaborating with social media has become an effective marketing strategy for food and beverage businesses because it increases brand exposure and allows for product adjustments and improvements based on immediate consumer feedback. This study aims to analyze the post-pandemic restaurant industry through the lens of business models. By conducting interviews with restaurant owners across various sectors in central Taiwan, the research will explore how they confronted the challenges during the pandemic and how they have adjusted their business strategies in the aftermath. The objective is to identify future strategies suitable for the Taiwanese culinary market. This study employs business model theory and interview methodology to investigate six companies within Taiwan's restaurant industry. Through comprehensive analysis, the research aims to determine how the restaurant industry should adjust its strategic direction in the post-pandemic era. The interviewed restaurants implemented various adjustments during the postpandemic period, including arranging for industry–academia collaboration, enhancing employee training and incentives, strengthening restaurant recognition and sense of pride among employees, diversifying dish presentation, improving customer service systems, providing customized services, increasing investment in social media, reinforcing supplier relations, and expanding into new distribution channels. The study results indicate that food and beverage businesses can further explore the potential of social media economy, develop more products suitable for online promotion, and continually optimize marketing strategies by leveraging data analysis and market research to meet consumer demands.

It’s Not the End Game—What Digital Transformation Really Means

If digital transformation is not the ultimate goal, then what is? There are many common myths and misconceptions surrounding digital transformation. Technology plays a role, to be sure, but it’s not the only essential ingredient. A true digital transformation strategy requires many incremental steps involving changes in culture, business models, and user experiences. So, what is the endgame?

Digital Economy and Business Transformation in Indonesia: An Exploration of Opportunities and Challenges

This research explores the impact of the digital economy on key sectors such as e-commerce and fintech and identifies the challenges companies face in the adoption of digital technologies. In the context of e-commerce, this research assesses how digitalization has changed the way businesses operate, including changes in business models, payment methods, and customer experience, as well as how technology has enabled market expansion and improved operational efficiency. Using a qualitative approach and literature review, the research leveraged data from annual reports of government agencies, international organizations, industry reports of market research firms, and academic journal articles on digital transformation. The results reveal that, while digitalization offers significant opportunities for market expansion, innovation, and increased financial inclusion, there are serious challenges that include infrastructure limitations, digital skills gaps, and regulatory uncertainty. The implications of these findings point to the need for inclusive infrastructure development strategies, comprehensive skills training programs, and adaptive regulatory policies. Such measures are expected to address existing gaps and maximize the benefits of the digital economy for business growth as well as the national economy.

Leveraging artificial intelligence and machine learning analytics for development effectiveness: a comprehensive approach to extract insights from project data

ABSTRACT In the normal course of business, international development institutions investing in development projects generate thousands of project-related documents summarising and analysing each aspect of their policymaking processes and policy lifecycles from design and financing through implementation performance and ultimately project/policy outputs, outcomes and effectiveness-related data. Moreover, institutions’ internal processes for quality assurance, monitoring and results measurement systems generate quantitative and qualitative primary and secondary data that can be employed to extract insights about lessons learned, internal decision-making processes, business model changes and project and portfolio performance. Resource and time constraints, however, result in the underutilisation of these valuable data sources for knowledge management, planning, evaluation and analysis. Specifically, qualitative insights housed in project documents remain largely inaccessible and cannot be employed systematically in combination with other quantitative data, in a unified framework. This article explores how machine learning can accelerate knowledge generation and management and aid results-based decision-making in line with development institutions’ existing development effectiveness frameworks through two main channels. The first leverages project documentation for historical portfolio systematisation to extract key strategic topics as well as lessons learned through the application of techniques such as text mining and topic modelling. The second proposes an agency-based system for predictive analytics, which analyses current and historical data to make predictions about future outcomes or trends to strengthen data-driven decision-making.

Agglomeration and Changing Business Models: How Mobile Technology Affected Location Decisions

Agglomeration and Changing Business Models: How Mobile Technology Affected Location Decisions

THE FISCAL CHALLENGES OF THE DIGITAL ECONOMY IN THE EUROPEAN UNION: A BIBLIOMETRIC ANALYSIS

The digital age offers new opportunities for innovation and growth. From a fiscal point of view, it creates opportunities for tax administrations to reduce tax evasion. On the other hand, as business models change, there is international pressure on the tax system. The current rules were developed at the beginning of the 20th century for traditional companies that relied on the principle of corporate taxation where value was created. In the case of digital activities, physical presence is no longer a condition for the provision of services. There are two major questions: Where do we tax? In the case of a company with a low or even non-existent physical presence and what do we tax? in the context of a digital business plan based on knowledge, data and intangible assets. The digital economy is a challenge for all tax regimes, as its rapid development has led to the conclusion that international tax rules are not properly adapted. One objective currently pursued at EU level is to adapt Member States' tax systems to optimize them to meet the challenges of the digital era. The aim of this paper is to identify the model and the most effective instruments for charging the digital economy at the level of the European community, as well as the way in which the directives issued by the European Union manage to harmonize the fiscal policies of each member state for charging and regulating the digital economy. In order to achieve that, we performed a bibliometric analysis on the database Web of Science Core Collection, regarding our study research. This study was performed according to the Preferred Reporting Items for Systematic Reviews and Meta-analysis (PRISMA) statement.

The Major Challenges Facing the Development of African Countries, and Algeria in Particular, in the Face of Cybercrime

The rapid development of information and communication technologies is closely related to the exponential growth in data volumes. At the same time, the development of enterprise strategies coupled with the digital economy has led to changes in business models and infrastructure solutions. The emergence of innovative industries that extensively use the internet has presented significant challenges to the security of systems and sensitive data, particularly in the field of cybercrime. In order to address the growing issue of cybercrime, African nations, among which Algeria is the largest country, need to build a series of digital barriers in the form of legislation, multilateral agreements, and the development of technical capacity in this area, such as the creation of cybersecurity centers. The implementation of an effective cybersecurity strategy is strongly required on a national, regional, and continental scale. According to the last report of the Global Cybersecurity Index 2020, Mauritius is ranked as the most secure country in Africa in terms of cybersecurity, followed by South Africa in the second rank. A successful economy inherently involves a digital economy and a bold strategy to counter all the “nuisance” of cybercrimes. Algeria, despite its relatively low ranking in the last report of the Global Cybersecurity Index, has made significant progress when compared to its neighbors. With its excellent internet connectivity and a young and dynamic population, Algeria’s positive economic indicators are certain to improve even further with the desired membership it seeks in the BRICS organization. Given these considerations, it follows that South Africa as well as Algeria possess the potential to serve as locomotives for the development of the whole of Africa.

Analysing spectrum administration for 5G in India using a policy Delphi

5G technologies are introducing new capabilities and services in the telecommunications (telecom)industry, changing business models and market structures, and compelling alterations in regulatory frameworks. Telecom administrations across the world are making choices for regulation of key resources such as spectrum to meet 5G requirements. 5G is taking root in the Indian telecom market. This paper analyses expert stakeholder and practitioner opinion through a policy Delphi to examine what kind of regulatory and policy changes need to be made in India’s spectrum management policies in a 5G market and how these could be best adapted to the unique public policy and political economy environment of this country. It arrives at practical recommendations for planning, assigning, and pricing spectrum which could be of value to policy makers and regulators.

On the need to revise measures of state support for small and medium–sized businesses

The proposed study is devoted to the study of the problems of the development of state support for small business in the light of the National Project «Small and medium5sized entrepreneurship and support for individual entrepreneurial initiative» being implemented in the Russian Federation. The methods of induction and deduction, system analysis, and comparison were used as a methodological basis. The subject of the study is the subsystems of the mechanism of state support for small and medium–sized businesses, which most effectively influence the activation of such a significant sector of the economy in the period 2018–2024. The coronavirus pandemic has revolutionized the transformation of small companies, accelerated digitalization, changed business models, organizational structure and thinking of owners, and influenced the number and demographic characteristics of employees. The timely response of the Government and the measures of large–scale state support introduced have significantly offset the possible devastating consequences for the entire segment of small and medium–sized enterprises. The Government’s operational efforts have not been in vain and small businesses have mostly stayed afloat. As a result of the study, conclusions were drawn: there was no further timely «reversal» caused by the special operation; the existing «availability» of financing does not allow achieving the target indicators laid down in the National Project (32.5% of GDP in 2024).Consequently, there is a need to revise government support measures and the need for adjustments to the system and tools aimed at the qualitative transformation of SMEs.