Understanding Of Business Models Research Articles

Business Model: A Literature Review and Real Life Case

The importance of business model has already been identified. However, the understanding of business model in academic area is stilly overlooked. This study clarifies the definition and business model at the macroscope level with the “role + purpose” regulation, and points out four elements of business model at microscope level. The real-life case in term of the Apple Company’s “hardware + software + service” business model demonstrate the four elements of a successful business model to obtain sustainable performance for firms. Keywords: Business model, literature review, macroscopic/microscopic perspective, Apple inc, DOI : 10.7176/EJBM/11-32-03 Publication date: November 30 th 2019

The Hextol Foundation: Building a sustainable social enterprise business model

This case focuses on how social entrepreneurs use business model thinking to create successful business models for sustainable social enterprise. It explores how the Hextol Foundation, an independent charitable company whose aim is to improve the quality of life of young people who are learning disabled, or who have mental ill health, uses business model thinking as part of a decision-making process to develop a sustainable social enterprise business model. The case provides a detailed account of the unique challenges presented to entrepreneurs who are driven by social purpose rather than solely by the need to generate a profit. The case is also useful in highlighting how business model thinking is used by entrepreneurs to identify, evaluate and pursue a range of strategic options. It advances our understanding of business model thinking and business model innovation in the context of a social enterprise.

Business Models and Transactions in C2C Social Commerce: Practices of Selected Social Commerce Practitioners in Thailand

There has been an increase in the popularity of using social media for commercial purposes, and this is commonly known as consumer-to-consumer (C2C) social commerce (s-commerce). Thailand is among one of the world’s largest C2C s-commerce markets; however, its C2C s-commerce has different characteristics from traditional e-commerce. This study investigated the patterns of various C2C s-commerce business models and purchasing processes being used in Thailand, based on data collection from interviews and direct observations. The findings revealed the patterns of the transaction process, including advertising, searching, negotiation and ordering, payment, and delivery. It also been found that there are six business models in C2C s-commerce: S-retailing, S-specific market, S-preorder, S-auction, S-reverse auction, and S-portal. The activities in C2C s-commerce were presented by using the logical process diagram to show differences in user interaction patterns and business arrangements. A solid understanding of business models and purchasing processes will help sellers to improve process effectiveness, as well as helping buyers reduce the risk when making purchases using C2C s-commerce in Thailand.

A Research Framework for Business Models: What Is Common Among Fast Fashion, E-Tailing, and Ride Sharing?

Every firm has a business model, which is the collection of strategic decisions that determine how the firm generates a sustainable enterprise through the creation of enough value (its supply model) and the extraction of a sufficient portion of that value (its revenue model). Innovative business models—for example, fast fashion (e.g., Zara), e-tailing (e.g., Amazon), and ride-sharing (e.g., Uber)—are capable of offering new products and services that generate considerable consumer utility and transform industries. This paper develops a research framework for understanding business models and how business models have evolved over time. Links are made to the existing literature (primarily in pricing and operations), and simple models are developed to unify and clarify existing research findings. Through this framework, it is possible (i) to identify the few design decisions that explain the success of these diverse firms with otherwise seemingly disparate models, and (ii) to speculate on potential future business-model innovations. This paper was accepted by Teck Ho, operations management.

JD.com: leveraging the edge of e-business

Subject area E-Business; Corporate Strategy; Strategic Management; Operation Management. Study level/applicability Senior undergraduate; MBA; EMBA. Case overview After development for 10 years, JD was now China’s second largest business-to-customer (B2C) e-retailer and the largest in self-operated sector. It was September 2015 when Liu Qiangdong was deciding whether to persist with JD’s self-operated model and the heavy investment in the self-built logistics system. JD’s business model had been functioning well. However, as JD grew bigger and bigger, it became too expensive to expand its logistics system. JD had not made a profit since it raised funds from investors. Liu had to come up with a good proposal before the next monthly meeting to convince them that JD would finally overtake its biggest rival, Alibaba which ran on a different business model. In addition, JD was exploiting the rural and the global markets, as well as a new business in internet finance. Facing challenges and dilemmas, should JD persist with its model? How could Liu align short-term profitability with long-run development? How could JD overcome attacks from Alibaba and other competitors? Expected learning outcomes This case is appropriate for courses in e-business and strategy, particularly those with a strong focus on doing e-business in emerging markets (e.g. China). After studying the case, students should be able to: understand the e-commerce market in China; understand business models and key strategies of e-retailers; identify and analyse the pros and cons of the self-operated business model and self-built logistics system in e-commerce; learn how to evaluate performance, strategies and business models of e-commerce companies; and extract key trends in the market and compare different strategies. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code: CSS 11: Strategy.

A Research Framework for Business Models: What Is Common Among Fast Fashion, E-Tailing, and Ride Sharing?

Abstract Every firm has a business model, which is the collection of strategic decisions that determine how the firm generates a sustainable enterprise through the creation of enough value (its supply model) and the extraction of a sufficient portion of that value (its revenue model). Innovative business models, for example fast-fashion (e.g., Zara), e-tailing (e.g., Amazon), and ride-sharing (e.g., Uber), are capable of offering new products and services that generate considerable consumer utility and transform industries. This paper develops a research framework for understanding business models and how business models have evolved over time. Links are made to the existing literature (primarily in pricing and operations) and simple models are developed to unify and clarify existing research findings. Through this framework it is possible (i) to identify the few design decisions that explain the success of these diverse firms with otherwise seemingly disparate models, and (ii) to speculate on potential future business model innovations.

Virtuous Mouse & Wealthy Elephant in global south: An exploration of sustainable business models

This paper focuses on understanding business models for European companies entering in developing countries with social and environmental ambitions. The paper starts with a literature review of sus...

Understanding business model in the Internet of Things industry

This research presents the results of an exploratory study of how organisations operating in the Internet of Things (IoT) industry are building and innovating their business model (BM). Using an explorative sequential approach through the multiple-case study method, we apply the “Canvas BM” framework to explore the BM of three companies operating in IoT industry, namely Intel, Solair, and Apio. The paper finds the most important building blocks - key activities, key resources, and value proposition - and most critical related factors enabling IoT-oriented organisations to create and capture value. Furthermore, our results also suggest that the main difference in the processes of BM building and innovation depend on the different capabilities and competencies possessed by organisations. This study therefore advances the theoretical understanding of the critical factors for the value creation process in the IoT industry's organisations and offers interesting implications for management theory and practice.

The digital transformation of business models in the creative industries: A holistic framework and emerging trends

This paper examines how digital technologies facilitate business model innovations in the creative industries. Through a systematic literature review, a holistic business model framework is developed, which is then used to analyse the empirical evidence from the creative industries. The research found that digital technologies have facilitated pervasive changes in business models, and some significant trends have emerged. However, the reconfigured business models are often not ‘new’ in the unprecedented sense. Business model innovations are primarily reflected in using digital technologies to enable the deployment of a wider range of business models than previously available to a firm. A significant emerging trend is the increasing adoption of multiple business models as a portfolio within one firm. This is happening in firms of all sizes, when one firm uses multiple business models to serve different markets segments, sell different products, or engage with multi-sided markets, or to use different business models over time. The holistic business model framework is refined and extended through a recursive learning process, which can serve both as a cognitive instrument for understanding business models and a planning tool for business model innovations. The paper contributes to our understanding of the theory of business models and how digital technologies facilitate business model innovations in the creative industries. Three new themes for future research are highlighted.

Exploring business model innovation for sustainable production: lessons from Swedish manufacturers

Businesses globally are facing changes these days. To remain viable, business model innovation provides a strategic renewal mechanism. However, there are only few studies that investigated such challenging undertaking in light of changes for sustainable manufacturing systems. This study aims to explore practices towards establishing more sustainable production systems of the future. The investigation is based on publicly available data from selected Swedish manufacturers. Closeness of innovations towards some business model archetypes is discussed using the aspects of value proposition, value creation and delivery, and value capture. The findings indicate that a more structured and integrative way of understanding business model innovation for sustainable production is needed. They also imply that the value capture aspect of business models needs to address how different stakeholders, not just the business firm, capture different forms of value. The learning from this study could be used for designing more structured and large scale future research in the subject matter.

Business Model Concept: An Integrative Framework Proposal

Every firm employs a particular business model seeking competitive advantage. However, this pursuit is difficult, and sometimes unsuccessful. The reasons for failure should be sought in the managers’ lack of understanding of their organisations’ business models, their unique building blocks, and the potential that they have. To help managers better understand business models, this paper reviews the extant literature and identifies the elements of business models cited therein. Further, considering the new needs on the changing markets and the prevailing search for sustainability beyond profit, this paper portrays essential business model elements in an integrated framework. An updated generic business model framework consists of four primary categories, namely, value proposition, value capture, value creation, and value network, and could be useful for a variety of organisations, profit and non-profit, with various mission and vision orientations and interaction with the environment.

New Business Models and Cognition

The aims of this symposium are twofold. First, we seek to increase the visibility and relevance of cognition research by highlighting how it contributes to better understanding of business model in...

Understanding Business Models in Pharmacy Schools

The objectives of this article are to define business models, contrast the business models in pharmacy schools, and discuss issues that can arise from misunderstandings about whom pharmacy schools serve and how they do so.

Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models

AbstractBusiness model innovation has seen a recent surge in academic research and business practice. Changes to business models are recognized as a fundamental approach to realize innovations for sustainability. However, little is known about the successful adoption of sustainable business models (SBMs). The purpose of this paper is to develop a unified theoretical perspective for understanding business model innovations that lead to better organizational economic, environmental and social performance. The paper examines bodies of literature on business model innovation, sustainability innovation, networks theory, stakeholder theory and product–service systems. We develop five propositions that support the creation of SBMs in a unified perspective, which lays a foundation to support organizations in investigating and experimenting with alternative new business models. This article contributes to the emerging field of SBMs, which embed economic, environmental and social flows of value that are created, delivered and captured in a value network. It highlights gaps for addressing the challenges of business model innovation for sustainability and suggests avenues for future research. © 2017 The Authors. Business Strategy and the Environment published by ERP Environment and John Wiley & Sons Ltd

Focus on Diamond Retailing: Blue Nile, Zales, and Tiffany

The case focuses on the diamond retailing industry toward the end of 2008, with the United States in an economic downturn. All diamond retailers are hit by the downturn and are facing a critical look at their strategies. Given the basic performance information on Blue Nile, Zales, and Tiffany, students are asked to consider the strengths and weaknesses of each business model with the goal of understanding business models that are better suited to handling a downturn.The learning objectives of the case are to (1) understand the link between supply chain structure and financial performance, (2) identify key drivers of supply chain performance and how they affect a firm's ability to respond during periods of strong or weak demand, and (3) develop the alignment between supply chain structure and strategic position for a firm.

Understanding business model - literature review of concept and trends

Understanding business model - literature review of concept and trends

Understanding business model - literature review of concept and trends

This article undertakes the literature review to understand the emerging trends on the conceptualisation of business model theme. The purpose of this article is to stimulate the reflective introspection towards the feasibility of theoretical grounding of business model concept based upon the comprehensive review of the existing academic literature around business model theme. Since 1990s, business model theme has received increasing attention as a recipe for competitive advantage among the academic and practitioner communities. However, despite the attention, business model theme still lacks consensus on different attributes like definition, components, theoretical baseline, configuration and applicability for the emerging economies. The purpose of this article is to synthesise the research literature on business model theme and provide the diagnostic outcome of the same in terms of future scope and trends.

A Study of Nachiyar Koil Lamp Manufacturers- Business Model

Objectives: The Nachiyar Koil lamp manufacturers are popular for their handcrafted brass lamps. The study is mainly based on the understanding of business model of the lamp manufacturers about their administration, cluster formation revenue formation, production, labor turnover, annual sales, export range, product distribution, borrowings & saving pattern and barriers in the business. The primary data has been collected from 20 lamp manufacturers on all above aspects were collected and analyzed using SPSS software. Methodology: The study has 20 lamp manufacturers chosen by means of simple random sampling method from Nacihyar Koil. The data collected has been analyzed by using the correlation & Regresssion analysis with the help of SPSS software.The analysis includes consumption of raw material, investment, employment opportunities, business administration, exporting, Types of transportation, sales & profit margin, borrowings, license, saving pattern, Bank A/C, Insurance policy of Nachiyar Koil lamp manufacturers. Findings: The study analyse the perspective of business model,lifestyle and growth oppurtunities of Nachiyar koil lamp manufacturers. From the study it is clear that the age of Nachiyar koil lamp manufacturers influence the lifestyle (31.2%), business model & operation 12% and growth opportunity of 10%. Applications/Improvements: The study will be an eye opener for the economist, government officials and social activist in enhancing the welfare measures of Nachiyar koil lamp mannufacturers.

Understanding Business Models in Health Care.

The increasing focus on the costs of care is forcing health care organizations to critically look at their basic set of processes and activities, to determine what type of value they can deliver. A business model describes the resources, processes, and cost assumptions that an organization makes that will lead to the delivery of a unique value proposition to a customer. As health care organizations are beginning to transform their structure in preparation for a value-based delivery system, understanding business model theory can help in the redesign process.

Business model innovation in electricity supply markets: The role of complex value in the United Kingdom

This research investigates the new opportunities that business model innovations are creating in electricity supply markets at the sub-national scale. These local supply business models can offer significant benefits to the electricity system, but also generate economic, social, and environmental values that are not well accounted for in current policy or regulation. This paper uses the UK electricity supply market to investigate new business models which rely on more complex value propositions than the incumbent utility model. Nine archetypal local supply business models are identified and their value propositions, value capture methods, and barriers to market entry are analysed. This analysis defines 'complex value' as a key concept in understanding business model innovation in the energy sector. The process of complex value identification poses a challenge to energy researchers, commercial firms and policymakers in liberalised markets; to investigate the opportunities for system efficiency and diverse outcomes that new supplier business models can offer to the electricity system.