Business Model Generation Research Articles

RESEARCH MODEL CANVAS: APPLICATION IN ACADEMIC RESEARCH PLANNING

This article deals with academic research planning and its structural nuances, as a fundamental part of the development of scientific research, in achieving its objectives and obtaining valid and reliable results. It inquires about its conventional form of construction and presentation through the textual document and aims to propose a new instrument for the planning of academic research. It discusses Design Thinking, Business Model Generation and Project Model Canvas, as project planning and management methodologies applied in other areas of knowledge that have as a common characteristic their conciseness, etymological basis and visual presentation format. It is structured on the methodology of the 4 (four) poles: epistemological, theoretical, morphological and technical. Finally, it presents the proposal of the Research Model Canvas as an innovative instrument for the planning of academic research, developed in a robust but concise way, based on the quadripolar methodology, in a single sheet or screen document called academic research canvas and its history of application in postgraduate disciplines and in a Research Group of the Federal University of Ceará.

FinTech business models focus on financing SMEs

ABSTRACT Small and medium-sized enterprises (SMEs) are economically important but are caught in a financing dilemma. Reasons for these financing problems are, among others, information asymmetries. Financial technologies (FinTech), in an intermediary role, could help to solve these information asymmetry problems and in this way solve the financing problems of SMEs. Therefore, FinTech as intermediaries for financing SMEs must develop a unique and enduring business model. Due to less empirical data, we will deductively show some first steps on the way to business model generation for FinTech as a practical guide. We are searching for similarities in the market development of creditworthiness assessment for SMEs, done by FinTech, as we saw it in the past for rating agencies concerning large companies. In particular, we analyze the business model of FinTech in the role of an intermediary in SME financing, with focus on customers, value propositions, key resources, and key activities. Our article contributes a first step in a conceptual but practical outline of business model generation for the ecosystem of FinTech in an intermediary role in solving debt financing restrictions of SMEs. In this overview article, we derive our results from a theoretical point of view but try to contribute meaningful and practical knowledge for all stakeholders in the SME financing system.

Engineering Services Landscape in India: Maneuvering the Analytical Journey for Agile Business Model Synthesis

This comprehensive research paper focuses on the strategic analysis and development of agile business models in engineering services environments. The study begins with an in-depth look at key industry players such as L&T Technological Services, Tech Mahindra, HCL, Tata Technologies, and Cyient. Key objectives include gaining insight into the competitive environment, assessing market dynamics, and strategically positioning companies for success in the evolving engineering services space. This study has a special focus on the generation and development of agile business models and highlights how companies such as L&T Technological Services, Tech Mahindra, HCL, Tata Technologies, and Cyient are adapting to dynamic market conditions. I'm guessing. This effort aims to provide nuanced insights into the complexities of designing and developing business models that are agile, responsive, and lead to sustained success in the engineering services industry. Key Words: Engineering Services, Agile Business Model, Competitive Landscape, Financial Metrics, Market Dynamics.

Business Model to the LASSE performance at Microgrid environment

The Microgrid (MG) scenario has a socioeconomic and technical character seeking to promote the sustainable, technological and economic advance. Through the MG, the consumer may set up its own business with a the sale of its own energy, thus, the Automation and Electrical Systems Simulation Laboratory (LASSE) is interested in participating of the MG market. Creating and/or innovating a business requires knowledge of the application environment. This reality has as consequence the determination of strategies for the company’s management in the vision of the market dynamics. This research aims to define the necessary requirements for the performance of LASSE in the MG environment and to develop the systemic LASSE diagram associating the structural elements of the business model with the characteristics of LASSE. The information was generated through the Business Model Generation (BMG) methodology, among which the Business Model Canvas tools stand out. The research interests LASSE for creating ideological guidelines for members of the LASSE Smart Energy Project. In this way, it is possible to clearly understand the process of introduction to the MG environment, as well as the necessary characteristics for the elaboration of Business Models (BM).

From Online Community to Entrepreneurship in Romanian Handicraft Sewing Tradition

The paper is an important contribution to scholarship on the relationships between online communities and entrepreneurial initiatives for business-to-consumer (B2C) in the traditional artisan market. The development of social networks based on information and communication technologies is creating the premises for a fluid circulation of people, ideas, and goods, turning the world into a “global village” (Nevzat, 2018). There is a growing market related to the handicraft industry, including the ones related to local traditions and customs. There is an increasing interest in this market, with the cultural sector representing 3.1% of the global GDP and 6.2% of job vacancies (UNESCO Launches… | UNESCO, n.y.). In 2022 the market for artisan market was valued at 752,2 billion USD with an expectancy of 1296,6 billion USD by 2028 (Research and Markets, n.y.), while the yarn and needle arts, that this research is studying, represent a 3 billion USD market in the US (GITNUX, 2023). Business in the artisan field is thriving around the world, bringing together unique local flavours and global communication channels, especially through social media. Even if, from history, the village area was the place for small initiatives and family-run businesses related to traditions and customs, the concept of business modelling in this market is still under development. This paper aims to clarify the role that social media has in defining entrepreneurial initiatives in the field of handicrafts and how online communities are supporting these activities, using the guidelines from Business Model Generation (Osterwalder et al., 2010). Data collection was carried out using netnography framework (Kozinets, 2010) by observing and analyzing the messages from online communities and other online public information and documents (Bowen, 2009). The study draws some conclusions and findings together with limitations and potential new research directions.

A Decision Framework for Assessing and Improving the Barriers of Blockchain Technology Adoption

Blockchain is regarded as a mainstream technology by corporate leaders, who believe it will drive a new generation of business models. The trends of digital innovation have accelerated corporate blockchain technology adoptions, but when it comes to its applications, numerous barriers still exist that must be carefully addressed. In contrast to past decades, data gathering with the help of information technology has switched from being an expensive to an inexpensive process. It brings users sufficient messages, but also incurs the information overload problem. To combat this, a fusion framework integrated FRST-PSO and fuzzy DEMATEL is introduced herein. It assists users in identifying essential information and depicting the opaque relationships among criteria. The findings indicate that improvement priority, which runs in the order of regulatory environment, blockchain development talent, system integration, and function and reliability based on the magnitude of the impact, serves as a reference for the blockchain technology adoption to facilitate/solidify a firm's competitive edges.

Managing New Generation of Business Model by The Agile Management Strategies - Overview and Recommendations

Managing New Generation of Business Model by The Agile Management Strategies - Overview and Recommendations

Examining sharing economy operations: A process perspective

<scp>Examining sharing economy operations</scp>: A <scp>process perspective</scp>

Digitalization in entrepreneurship education and its effect on entrepreneurial capacity building

Entrepreneurship education, the process of knowledge, skill, competency, and attitude development, aims to maximize the effectiveness of the entrepreneurial capacity building. The pandemic boosted the digital transformation of higher education and brought the online incubation platform NETMIB to life. This paper introduces this unique platform solution and utilizes online opportunities for skill and attitude assessment. An online survey-based research method was applied, and an online Entrepreneurial Orientation (EO) Index was developed as a valid scale for measuring entrepreneurial attitudes in online incubation programs. Based on the findings, student idea owners in the online incubation process have a significantly higher propensity to engage in business activities and a stronger desire for independence and achievement. The findings of this paper can contribute to the targeting and development of educational interventions in the incubation programs, and the online EO Index can be a useful tool among the performance measures of various incubation programs.Summary: Entrepreneurship education, the process of knowledge, skill, competency, and attitude development, aims to maximize the effectiveness of the entrepreneurial capacity building. The pandemic boosted the digital transformation of higher education and brought the online incubation platform NETMIB (Network of multidisciplinary ideation and business model generation) to life. This paper introduces this unique platform solution of online incubation and utilizes online opportunities for skill and attitude assessment. Since education aims to influence entrepreneurial capacity, measured by attitudes, the paper develops a self-assessment tool for online entrepreneurship education. Hypothesizes that there are significant differences in the attitudes of the members according to their role in the online incubation process. An online survey-based research method was used, and an entrepreneurial attitude construct was created concerning the member’s desire for innovation, personal control, achievement, and self-esteem. Based on the findings, student idea owners in the online incubation process have a significantly higher propensity to engage in business activities and a stronger desire for independence and achievement. The findings of this paper contribute to the targeting and development of educational interventions in incubation programs, and the online Entrepreneurial Orientation Index can be a useful tool among the performance measures of various incubation programs.

A framework towards resilient Mediterranean eco-solutions for small-scale farming systems

BackgroundThe impacts of climate change on crop and livestock sectors are well-documented. Climate change and its related events (e.g., high temperatures, extreme events, disease outbreaks) affect livestock production in various ways (e.g., nutrition, housing, health, welfare), and tend to compromise the physical productivity and the economic performances. Understanding animal responses to climate change may help planning strategies to cope with the adverse climatic conditions and also to reduce polluting emissions. Through an interdisciplinary approach, we develop a conceptual framework to assess and develop new organisational models for Mediterranean small-scale farming systems so as to mitigate the impacts of climate change, to improve farm management and farming technologies, and to achieve an effective adaptation to the climate changes. The conceptual framework consists of four phases: (i) community engagement, (ii) strategies development, (iii) data collection and analysis, (iv) business model generation and sustainability assessment. We assess strengths, weaknesses, opportunities, and threats of the eco-solutions by mean of a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis technique.ResultsThe proposed eco-solutions are expected to increase the sustainability of agriculture and food production systems by introducing new and efficient uses of natural resources. The proposed models are expected to have an impact not only on the environment (in terms of mitigation), but also on the economic and social performances, as they are expected to foster the responses of small-scale farms to the increasingly frequent effects of climate change (adaptation solutions). Among the positive impacts, we emphasise the importance of more stable revenues, a tendency that would help farmers to raise their revenues. Last but not least, we found that the proposed models are likely to increase the social resilience of the farming systems to the challenges imposed by the climate change.ConclusionsThe eco-solutions can support stakeholders involved in Mediterranean small-scale farming systems by suggesting novel land, crop, and livestock management approaches to optimise revenue flows, business models and climate change mitigation strategies thanks to the adoption of a systemic approach, that is not only focused on specific components of the system but instead based on the linkages between environmental, social, and economic aspects.

Guiding principles for fostering economic growth in private secondary schools illustration through the business model generation

Education, as the primary driving force in any society, demands special consideration when adapting the education system's concept for enhanced efficiency and competitiveness while ensuring the delivery of high-quality educational services. Observations, not only in the Republic of Serbia but also in various other nations, indicate that private schools can stand as equal participants in the educational services market, and in some cases, even surpass public schools in terms of quality. Simultaneously, private schools are driven by business goals. The paper specifically addresses the attainment of specific objectives, such as formulating a strategic vision that delineates the key competencies of private high schools and outlines their strategic choices. To fulfill this objective, the Business Model Generation was employed to delineate the forthcoming operational and strategic objectives of the school. Utilizing both general and specific quantitative methods, alongside business modeling, will shape an appropriate development strategy aimed at enhancing the competitiveness and quality of service provision in private high schools.

Recommendations for a transition to ‘Railway 4.0 for Europe’

This research developed transitional scenarios for the European rail sector to transition to ‘Railway 4.0’ by the year 2050 based on interdisciplinary research informed by key choice variable modelling, co-created business model generation and semi structured interviews within the context of expert knowledge held by the authors and supported by desktop research. This work was developed in a mixed methods research framework. The number of interviewees is reported where appropriate to the methodologies concerned. We have detailed the impact assessment framework, CANVAS, and governance interviews developed and used. We have reported the individual key results from each approach and then an integration of same and finally policy recommendations.

Elemen-Elemen Bisnis pada PT. Sinar Jaya Megah Langgeng Menggunakan Model Bisnis

Sinar Jaya Megah Langgeng is a transportation company that prioritizes inter-city inter-island services (AKAP). PT. Sinar Jaya Megah Langgeng has 36 years of experience and is one of the biggest companies in the transportation sector. In this study, the writer tries to see what business plan is being developed by PT. Sinar Jaya Megah Langgeng is seen from the theory of business elements on the business model canvas proposed by Osterwalder in his book entitled Business Model Generation. The author uses the canvas model in the analysis of the business plan of PT. Sinar Jaya Megah Langgeng because the canvas model is a simple model and has a flexible nature that is easy to modify while still providing a comprehensive view of the business model. The results of the study show that the Customer Segment are segmented model, Value Propositions which is given max value of Performance, Price, Accessbility and Convenience, Channels is used private vehicle, Customer Relationship developed is maintaining good relationship with the consumer, Revenue Stream comes from ticket sales, Key Resource which are owned by PT. Sinar Jaya Megah Langgeng are intellectual (SIUP), human (employees) financial and strategic locations, Key Activity is deliver customer to their destinations, Key Partners are ticket sales agent and online, Cost structure in this company are worker salary, maintenance cost, fuel cost, driver salary and sales commisions. &nbsp; &nbsp;

Profil Penulis Perjalanan Bisnis Hak Cipta Hiburan dalam Konteks Perkembangan Hak Cipta Hiburan pada Kegiatan Hatch

The journey of an entertainment IP may differ widely amongst IPs. However, there is a pattern that can be deducted from their journey. The journey starts from ideation and prototyping to licensing and partnership. The journey of an entertainment IP takes on multiple disciplines such as arts, marketing, business, public relation, partnership, and many more disciplines. Each stage provides its challenges to continue the journey. Further, each stage must be mastered and well-designed by the IP owner. The stages are Value Propositions, Business Model Generation, Media selection and IP Protection, Monetizing and expanding media, Collaboration and Market expansion, Partnership, and Licensing. Hatch is a mentorship event for new content creator to expand their IP, conducted by Katapel.id.

Application of digital twins to improve automotive assembly processes

With the transition to Industry 4.0, the concept of manufacturing product models with unique characteristics in a mass production environment is being implemented. In order to build the foundation for the next generation of digital business models and ecosystems, automakers need to incorporate cutting-edge technologies such as artificial intelligence, digital twins, event-driven and continuous adaptive security, and more into their processes. Digital twin technologies can be used to optimize processes. The article describes the procedure for creating a digital twin, which is a virtual copy of the physical system of an assembly line of an automobile manufacturing enterprise, including the material flow. An example of working with a digital twin of an assembly line is given, in particular, the main indicators are indicated that make it possible to determine the decrease in the productivity of a conveyor line. Keywords: digital twin, assembly line, performance indicators

Конкурентоспособность системы промышленного Интернета вещей

The article considers a new paradigm of competition, the essence of which is a combination of competition with cooperation within the framework of the interaction of ecosystems of the industrial Internet of Things. The conditions under which this cooperation is most effective are determined. The information and intellectual interaction of industrial Internet of Things ecosystems through the exchange of their services is considered. Important conditions: specialization of services of industrial Internet of Things ecosystems and the intensity of their exchange of services. The result is the generation of many business models, creating an explosion of opportunities to increase the value of the economy of the industrial Internet of Things. The task of selecting the most promising effective business models from the set of obtained business models is not trivial, the use of which ultimately gives a high competitiveness of the ecosystems involved in the exchange of services. However, no one has canceled economical, technically advanced solutions and competitive solutions at all levels of the functioning of the industrial Internet of Things system, that is, at the levels of sensors, gateways, business agents, server programs, databases of dynamic data generated by sensors, executive devices. The article offers competitive solutions for all levels of the industrial Internet of Things system, the architecture of the industrial Internet of Things ecosystem is developed. The possibilities of the system related to the connection of people to the system of the industrial Internet of Things and to the transition to the “Internet of Everything” (Internet of everything or IoE) are considered. The Internet of everything significantly increases the set of optimal business models that increase the value of a particular product.

Development of a framework for the holistic generation of ML-based business models in manufacturing

Analyzing data with the help of Machine Learning (ML) promises to raise significant potentials in all relevant target dimensions and different application fields of industrial production. Through the increasing availability of data in the context of digitalization as well as continuously more powerful and cost-effective possibilities for data processing, the amount of economically viable scenarios for implementing ML-based business models (BMs) in production rises. Despite the emerging data-related possibilities, especially small and medium sized enterprises (SMEs) struggle with identifying reasonable use cases for ML in their own company. This can be ascribed to a lack of knowledge about the necessary elements for ML applications’ sustainable implementation and operation.Therefore, this paper aims to develop a framework for the holistic generation of ML-based BMs in manufacturing. At first, characteristics as well as general and specific requirements for ML-based BMs in manufacturing are elaborated. Subsequently, a morphology for the systematic development of ML-based BMs is generated using the insights gained. In a concluding step, the application of the developed concept is validated based on a selected use case.

Consideration sets as resources for business model generation

Consideration sets as resources for business model generation

Consideration sets as resources for business model generation

Business models as outcomes for entrepreneurship are increasing in prevalence in pedagogy and practice. Instructors and entrepreneurs are focusing efforts on iterating potential ideas through a process of trial and error in hopes to produce working business models. However, such practices need to be better underpinned by theory so we can develop an understanding of how to identify more valuable opportunity ideas and how to progress them towards working business models with fewer trials and errors. This conceptual paper focuses on integrating extant conceptualisations of business models as interdependent activities with research on identifying opportunities as problem-solution pairings. While integrating those literatures, the present framework also details how reliance on constrained, systematic search - with its resource-based view underpinnings - can help individuals with entrepreneurial aspirations identify more valuable opportunities and progress them faster and with fewer trials and errors into working business models.

The Value Chain as the Basis of Business Model Design

The article presents a new approach to the generation of business models based on value streams. The originality of the study lies in the assumption that in every business model the generator of added value is the value chain which, if original enough, will maximize potential while minimizing costs. This approach will provide the respective enterprise with a high level competitiveness in the long term. The tested group of enterprises consisted of 354 SMEs, one hundred eightyseven of which were from the manufacturing and industry sector, with 167 from the services sector. The novelty of this approach also consists of the integrated approach to the business environment in which the value streams were analyzed. The results suggest that the analysis of value streams is suitable for the projection of business models. In addition, the methods of dimensional reduction and logit regression have been identified as appropriate analytical tools, with representative results found valid and utilizable in business practice. The authors of the article are aware that this is only the first step in addressing this issue, one which will play a critical role in the gradual process of the upcoming digital transformation of all business models, not only those of SMEs in the Czech Republic.