Business Models In Industry Research Articles

Research on the Protection of Personal Data Rights——From the perspective of the application of privacy computing technology

With the development of marketization of data elements, privacy computing arises at the right moment in order to solve the contradiction between data circulation and its security risks. It is widely used in financial market, medical service, government management and other scenarios. It provides a new way for the identification of personal data rights, subject self-determination, safe circulation and corporate compliance, but also brings new challenges. From the perspective of the path and application scenarios of the key technologies of privacy computing technology, we can find the problems of personal data protection put forward by the current technology; privacy computing technology still has security risks in the process of data processing, and its industrial business model limits the benefits of individuals to their own data. Meanwhile, laws and regulations related to this technology also need to be refined and implemented. In order to solve these problems, it is necessary to promote the optimization of key technologies and the formulation of standards, build self-discipline rules and associations of the industry, strengthen legislation and special supervision of personal data, and build a global governance framework for the protection of personal data rights in privacy computing. It can enhance the use value of data, promote the integration of data resources and international circulation and sharing under the condition that the rights of personal data are fully protected.

Overviews of Internet of Things Applications in China’s Hospitality Industry

During the current post-epidemic period, hygiene requirements and health needs in the hospitality industry keep increasing, and consumers become more concerned about the cleanliness of hotels and have stronger demands for contactless services in hotels. The growth and popularity of IoT technology in China make it more accessible to a wider range of service industries and provides the basis for the application of IoT in the hospitality industry. The application of IoT devices in hotels mainly includes intelligent robots, intelligent guest control, systems, etc., which helps to realize contactless services in hotels. This research reviews the entire development cycle of the application of IoT in the hospitality industry, from the founding, development, and expansion of companies to their IPO and post-IPO maturity. From a perspective combined with IoT technology, we can cope with the changing industry models, business models, and operation modes in the hospitality industry more efficiently. The development of IoT in hotels will move towards humanization and service-orientation. Through the role of human–machine linkage and the reasonable management of IoT equipment, IoT technology can reasonably promote the efficiency of manual work, while injecting “warmth” and “quality” into IoT equipment.

Managing Multiple Business Models: The Role Of Interdependencies

How can a firm manage multiple and interdependent business models in the same industry? The literature has identified several possible strategies to do this but we still do not know under what circumstances one strategy may be better than others. Our paper identifies (substitute and complementary) interdependencies among business models as a key contingency and demonstrates through simulation modelling that the number, type and magnitude of these interdependencies, as well as their visibility and the pre-specification of strategic choices, determine which organizational structure is optimal in managing multiple business models.

군산흰찰쌀보리를 활용한 ‘먹방이와 친구들’ 캐릭터 빵 개발

In this study, we developed five ‘Mugbangi and Friends’ character breads using Gunsan white glutinous barley. The breads reflected each character’s characteristics using dough and filler while taking into consideration each character’s country of origin and color. When we analyzed the nutrients of the five ‘Mugbangi and Friends’ character breads, 100 g (approximately 3 pieces) of each bread had 9% of the daily value (% DV) of sodium, 40% DV of sugar(added), and 4% DV of trans-fatty acids. Compared with the previous single Gunsan Mugbbang, the results of the sensory evaluation showed that the color of the Chai and Sapphire breads were better and the flavor of the Shibai, Sapphire, Kokai, and Chai breads were enhanced. Additionally, the taste of the Sapphire and Mugbangi breads were better than the original Mugbbang bread. Especially, the Sapphire bread with Korean red bean and cheese, and the Chai bread with jujube and sugar cane have gained the highest level of overall acceptance. This research could lead to the establishment of a sustainable business model in the local character industry through the development of character breads using local specialties and Gunsan white glutinous barley.

Selling sustainability: investigating how Swedish fashion brands communicate sustainability to consumers

Over the last thirty years, sustainability has become a growing concern in the fashion industry. While there is agreement among a growing range of actors regarding the need to engage with the social and environmental challenges created by the fashion industry, there is less consent regarding what sustainability entails. Although “sustainability” may be intuitively understood, it has different meanings, depending on how it is applied, and who it is applied by. Without a clear-cut definition, sustainability becomes subjective. In this context, there is a need for research at the intersection of brand-sustainability initiatives and their communication to consumers, who play a vital role in this transition. Drawing on a case study of the Swedish fashion industry, we explore how evolving industrial business models and emerging best practices are informed by a robust understanding of sustainability. We evaluate how brands communicate sustainability to consumers across three key sites: brand websites (including corporate social responsibility reports), social media platforms, and in-store campaigns. We found that not only do brands use a range of practices to define sustainability differently, but furthermore, these definitions vary depending on the context. Considering the industry’s ongoing history with greenwashing, it is vital to address and confront this issue head on. We argue that there is a need to determine what constitutes sustainability in the fashion industry and, in turn, hold businesses to that standard. As COVID-19 has only magnified and intensified these challenges, the article explores the implications of a more robust approach for both theory and practice.

Domain-based ambidexterity for managing a dual business model in the hospitality industry in the midst of COVID-19 pandemic: an exploratory study

PurposeThis study aims to analyse how a hotel company manages ambidexterity when operating different business models in different markets located in the same country.Design/methodology/approachThis research was conducted using a qualitative case study, and the subjects were selected using the theoretical sampling technique. A corporation managing two hotel business units located in the same city but operating different business models – a premium and a low-cost business model – were selected as subjects.FindingsThe empirical evidence revealed that an ambidextrous business model can be realized through integration or separation of appropriate domains of business activities. The empirical findings further showed that exploitations are easier to integrate than explorations.Practical implicationsThe authors found that firms using structural separation for managing premium and low-cost business models can avoid market cannibalism and achieve synergies between different business models if business model ambidexterity is well managed.Originality/valueThis study extends research in the area of ambidexterity and business models. It responds to calls to examine how firms using structural separation implement business model ambidexterity in practice, particularly in service sectors. By analysing the details of activities within the business model, the authors advance the understanding of which domains are suitable for an integration or separation approach.

Life cycle assessment as a guide for designing circular business models in the wood panel industry: A critical review

The objective of the present study is to use life cycle assessment (LCA) to guide the design and implementation of circular business models (CBM) in the wood panel industry towards a cleaner production. Initially, searches in the literature were carried out to select articles on LCA of wood panels, to investigate the possible synergies between LCA and CBMs in the wood panel industry. Investigations of the production system of reconstituted wood panels, with regard to both the biological and technical cycles, allowed spotting signs of existing circularity in some parts of the manufacturing stage, such as the use of wastes for combustion and generation of energy, and the use of ash from combustion processes. In order to reduce impacts, identified via LCA, CBMs for the wood panel sector were proposed, seeking to reduce the impacts identified via LCA and fill the circular gaps left by existing practices.

Welfare and fairness in free-to-play video games

Are free-to-play (F2P) video games reducing consumers’ welfare? How do changes in the game balance affect players? Despite being the most relevant business model in the video game industry, no consensus exists on the welfare implications of free-to-play (F2P) video games. This work proposes a theoretical economic model that explains why companies prefer F2P to pay-to-play (P2P) in the long term and how game fairness is determined in the short term. In the long term, the consequences of player welfare depend on the quality and network effects of the video game. In the short term, the impact on welfare depends mainly on the relationships among in-game items. Thus, welfare implications are likely to change as new items are added/removed. Finally, we test the theoretical models by estimating the fairness level in three F2P video games and show preliminary evidence that this business model would have reduced welfare.

Legal Business Model Digitalization: The Post COVID-19 Legal Industry

The rapid expansion in globalization, changing economic and political conditions, health crisis, advancement in technologies, and customer demand shift have highlighted the business model concept’s growing importance in every business life walk. Despite the agreement on the business model’s role in innovation and firm success, this concept is unnoticed in the legal industry. The growing digitalization has disrupted the legal industry business model by enabling various cooperation, collaboration, value proposition, and value capture mechanism. Digitalization has innovated the legal business model and engaged them in the mundane adaptation in response to external environment changes. However, literature trends reveal that innovation in the legal business model is overlooked by academia. This study applied a case study method to highlight business model innovation in legal firms in the proposed framework of the business model navigator/magic triangle and business model canvas. We also took the market and industry trends and COVID-19 into consideration in the legal business landscape. This study proposed a digital business model and innovation operating model for the legal firms based on the identified fundamental pillars of digital business model components. This study expands the literature on digitalization and business model innovation by focusing on an ignored industry with substantial disruptive potential.

Research of the theoretical basis for developing innovative business models in aerospace industry

Research of the theoretical basis for developing innovative business models in aerospace industry

Practical solutions for circular business models in the fashion industry

The purpose of this paper is to provide rich empirical evidence on circularity solutions adopted by the largest companies in the fast fashion industry. The sustainability reports of six global players were analyzed using a comprehensive circular model of the value chain. This model comprises eleven stages: product design, virgin raw material extraction and processing, textile and material production, manufacturing, auditing and certification, packaging and retail, customer use, post-consumer garment collection, recycling fibers and materials, partnerships, and transparency. The results are reported on five implementation phases: strategies, research and development, implementation at scale, quantitative indicators, and targets. The analysis shows that major players in this sector created a complex system for reducing their environmental impact while imposing strict rules in their upstream supply chain. Downstream, these companies educate their customers on the topic of circularity and promote recycle-or-reuse consumer habits. In addition to offering practical examples of strategy, product, and process design, the present contribution describes several configurations of circular models as implemented by large fashion retailers. The results have significant implications for theory, management, and standard-setting, considering that fast fashion is widely viewed as having a negative impact on the environment.

A smart web of firms, farms and internet of things (IOT): enabling collaboration-based business models in the agri-food industry

PurposeAll firms' business models are based on their interdependencies with other parties in their ecosystems. The Internet of Things (IoT) is beginning to fundamentally disrupt the agri-food industry, forcing the ecosystem to change. When an ecosystem is transforming, the interdependencies among its actors can create friction. Technology providers and core actors should consider these interdependencies as they update their strategies for value creation and capture. The purpose of the present research is to consider what it might take for agri-food firms to capitalize on these interdependencies by moving from traditional business models to business models based on collaboration and open innovation.Design/methodology/approachThe present paper draws on data from four online focus groups that we created to discuss how to co-create the business models agri-food firms need in a constantly changing environment. The paper presents an application of phenomenon-driven research (PDR), an engaged methodology. The study method enables novel pathways to develop and implement innovative solutions. This study draws on the interaction of theory and practice and involves multiple stakeholders with varying roles in the agri-food ecosystem.FindingsThe authors found that any open innovation setup in agri-food needs to constantly reconfigure itself to balance the needs of farmers and the needs of the market. This interplay can only support the IoT-enabled ecosystem if continuous interaction and negotiation occur among various stakeholders of the food system. When the farmers' needs and the market's needs are aligned, the space for developing a collaborative and open business model is prepared.Originality/valueThe insights gained from this study inspire action and commitment to common goals when developing collaboration-based business models (CBMs). The paper offers insights for players in the agri-food industry who are considering CBMs in the course of digital transformation.

Developing an integrated business model in the manufacturing industry – An AHP approach

Due to the market competition in the current business environment, there are many pressures in the Small and Medium-sized Enterprise (SME) manufacturers. Most SMEs are facing challenges in the market change from Mass Production (MP) to Mass Customization (MC). The purpose of this study is mainly based on drilling down into an SME manufacturer, exploring the limitation in its current business model and determining the boundaries of its operation process. This research paper designs an Analytical Hierarchy Process (AHP) model to develop a new business model to resolve the MC issue in the SME manufacturers. The aims of the new business model should be to improve company profit. Thereby seven criteria in the AHP model are profit, Minimum Order Quantity (MOQ), flexibility, inventory control, delivery time, revenue from existing customers and revenue from new customers for customized products. The methodology is pilot-run the new business model and compares the results among the AHP, current and new business models. The results prove that the new business model not only solves the problems in MC but also create a synergic effect on the business. The study provides a method that uses an AHP model for developing an integrated business model for SME manufacturers.

Russian industry in the context of digital transformation

The directions of industrial policy in the Russian Federation in the context of digital transformation were considered in the article. The problems of Russian industry and the reasons for their occurrence were analysed. The preference for the so-called “horizontal” model based not on tough measures to support industries and companies, but on the creation of a comfortable environment for the functioning of all participants in the industrial market was emphasised. The requirement for the new development strategy formation in the industry and innovative business models implementation of this strategy has been justified. The basis of these models should be a technology platform based on continuous innovations performed by all participants in the network. A promising cooperation form between these participants is industry clustering. The positive experience of the innovative industrial clusters formation has been presented, especially successful in conjunction with modern information and communication technologies. Effective ways of forming and developing these clusters have been shown, especially promising with the small and medium businesses inclusion in technological industrial chains.

Toward a new era of cooperation: How industrial digital platforms transform business models in Industry 4.0

Being successfully applied in business-to-consumer industries for quite some time, digital platforms only recently have found their way into the industrial business-to-business world. However, rapid developments, particularly in the context of Industry4.0, have indicated enormous potentials from digital platforms for business models and inter-company relationships – fields of particular importance in industrial marketing. Motivated by a lack of empirical insights and calls from academia and practice, this paper sheds light on how digital platforms change industrial firms’ business models and inter-company relationships. We applied an exploratory case study design and analyzed a unique sample of 11 platform cases from the United States and Germany, differentiating between platform types and roles. The study reveals recurring themes in business model innovation and inter-company relationships. The results were elicited using a quasi-statistical approach, discussed and interpreted against the backdrop of the current state of research on platforms, business models, and industrial marketing.

Recycling technologies for enabling sustainability transitions of the fashion industry: status quo and avenues for increasing post-consumer waste recycling

A major environmental issue of the rise in garment production is a steep increase of textile waste. At the same time, recycling technologies appear to be promising avenues for sustainability transitions of the fashion industry. This article examines the chances and challenges of scaling recycling technologies for textiles and considers the collection and sorting processes as well as the actual reuse. Drawing on case studies and expert interviews, the results indicate current obstacles and opportunities for accelerating diffusion of recycling technologies. Various initiatives are promising, however industry structures, garment designs, and business models need to be re-orientated and re-aligned to accelerate these recycling concepts. Applying the greenwashing notion that acknowledges co-creation by producers and consumers, the article critically argues that the focus on recycled polyester bottles for garments distorts incentives to improve other recycling technologies and masks the true cost of textile-waste recycling. Instead, fashion-brand companies and retailers should leverage their market power to foster sustainability standards in the global recycling industry.

Fitness industry business models: from the traditional franchising chain to the fitness boutique

Objetivo do estudo: Os centros de fitness o ginásios representam hoje uma necessidade real dos seres humanos dentro das rotinas da vida cotidiana em todo o mundo. Através de uma análise exaustiva da literatura, pretendemos definir o conceito de boutique de fitness através da análise do estado atual das publicações científicas sobre configurações/esquemas de negócios y durante a linha do tempo da indústria de fitness pós-moderna. Metdologia: Três principais bases de dados foram utilizadas para obter os resultados: ISI-WoS, Scopus e SportDiscus. A seguinte combinação de pesquisa foi usada: o termo “fitness” cruzado com “chain”, “studio” e “franchise”. Originalidade/Relevância: Os resultados foram ordenados de acordo com três áreas temáticas: (1) franquia: da 1ª à 2ª geração; (2) a boutique “essência”; e (3) respostas sociais. Principais resultados: As oito (8) principais características qualitativas intangíveis obtidas a partir do modelo de fitness boutique foram listadas. Contribuições teóricas/metodológicas: A pesquisa mostra como a indústria evoluiu com seus próprios modelos de negócios/mercado ao longo do tempo mais recente. Contribuições sociais/para a gestão: Este estudo poderia (1) ajudar pesquisadores e profissionais a se familiarizarem com o escopo dos trabalhos mais relevantes publicados nas bases de dados de esportes e ócio, e (2) a compreender todos os segredos e sucessos qualitativos dos esquemas franquia no domínio do fitness.

Innovation and Business Models for Digital News Industry: a critical approach to part of Brazilian reality

The journalistic industry is facing a crisis since the Internet started to challenge its solid and old business model. The media companies and only them held the spaces for advertisers to reach thousands of people at the same time with their message. Once the monopoly has fallen, the revenues started dropping, the circulation of newspapers decreased deeply and the consumer’s attention moved to other platforms like social media, for example. Taking this into account, we intend to present here a discussion about the news business models, including revenue models, that are being adopted by some Brazilian industry examples. Our work is a didactic research considering business models is still an unsolved issue for this industry. Since there is no paradigm, what we present is a panorama of choices, remixes and customized adaptations. As ours research questions we have: RQ1: What kind of new business/revenue models are being adopted by media?RQ2: What are the differences between Brazilian big publishers and independent media strategies?To bring light and develop this questioning we start discussing innovation in journalistic industries. Also, we follow our discussion here with an outlook on the business models existent and the new ones that are being adopted or created by media companies. To end our work we present a list of strategies that are being used in mainstream firms from Brazil and also the ones that are created or adopted by the new companies that are born in the actual digital context. As our research method, we adopt the non-participant observation of the market and the companies here specified and the use of documents and media articles that present the strategies used by journalistic brands to face the revenue crisis. The main finding of the research isthat most of the companies are adopting the same strategies, in a “wave movement”, where once one companie gives it a try the other go with the flow. Keywords: Business Models, Digital News Industry, Brazilian Reality, digital context

The possibility of sports industry business model innovation based on blockchain technology: Evaluation of the innovation efficiency of listed sports companies.

The combination of blockchain and the sports industry is bound to be a trend in terms of innovation and the development of sports industry in the near future. Therefore, after analyzing the problems existing in the current business model of the sports industry, this paper takes 200 innovation indicators of 50 listed companies in the sports industry, among which 15 use blockchain and 35 do not use, as research samples and uses a three-stage DEA model to calculate their innovation efficiency. The results show that sports companies that use blockchain have better performance in terms of innovation efficiency than do those that do not, which illustrates the necessity of blockchain-based business model innovation. Then, by focusing on the internal structure and the case of the "vSport blockchain", this work shows that this business model innovation is feasible. The article first proposes a blockchain-based sports industry business model and then uses a combination of empirical and case studies to prove the necessity and feasibility of sports industry business model innovation.

Impact of the Green Deal on copper imports from Russia to the EU

The article analyzes the prospects for copper imports from the Russian Federation to the EU in the context of the implementation of the plan for decarbonization of the EU economy by 2050. It is noted that green economy is more metal-intensive, but in the medium-run, the impact of the traditional drivers (population growth and rising welfare) on the global copper market will remain significant. Similar trends are shown in the EU copper market: in the current decade, the rapid relative growth of the green sectors of the economy and the demand for copper from them will not lead to fundamental changes in the dynamics and structure of the market. At the same time, the introduction of a cross-border carbon adjustment mechanism (CBAM) could disrupt the sustainability of the established business model in the European copper industry. Eight scenarios of the financial burden for copper imports from the Russian Federation to the EU after the introduction of CBAM are presented, showing that the new EU foreign trade instrument will not have a restrictive effect on copper imports from the Russian Federation. However, the increase in the supply of Russian copper to the growing EU market may be constrained by the geographic remoteness of new copper mining and refining facilities.