Use Of Business Models Research Articles

Use of business model potential in Dutch academic medical centres-A case study.

Academic Medical Centres (AMCs) are large organisations with a complex structure due to various intertwined missions and (public) roles that can be conflicting. This complexity makes it difficult to adapt to changing circumstances. The literature points to the use of business models to address such challenges. A business model describes the resources, processes, and cost assumptions that an organisation makes in order to the delivery of a unique value proposition to a customer/patient. Do AMC business operations managers actually use business models to address challenges and operate in a way that enables AMCs to adapt to changing circumstances? This study explored whether the use of a business model is a starting point for bringing about change in AMC operations. A case study design was considered appropriate to explore the knowledge and experience of business models among business operations managers of Dutch AMCs. Through purposive sampling, participants were invited to participate in a questionnaire to provide in-depth and detailed information about the use of business models in AMCs. Our research showed that a business model can support the complex organisation of an AMC, but the design and use of business models varies. In general, respondents attribute more potential to the use of a business model than they experience in daily practice. The majority consider a business model to be suitable for bringing about change, but see it only sparingly used in their own AMC. This is the first study to provide some initial insights into the use of business models in Dutch AMCs. We can assume that improvements are possible in order to optimise the change potential of business models in AMCs worldwide. In order to successfully implement an innovative business model, the interpretation of the concept of a business model and the creation of a framework of preconditions should be taken into account. Healthcare providers, policy makers or researchers should explicitly identify the environment in which the model will operate. In particular, by identifying the level of readiness for change readiness at all levels of the organisation.

The Business Model Canvas: A Tool to Enhance Nurse Business Acumen

Nurse leaders must be fluent in business language and use of business models. These models—unlike a business case—provide a framework to describe the rationale of how organizations create, deliver, and capture value to meet the needs of its customers. This article describes the Business Model Canvas, a one-page strategic business planning tool, and how it can be used to describe and visualize proposed clinical practice innovations and build nurse business acumen.

SUSTAINABLE TOURISM WITH THE USE OF INFORMATION TECHNOLOGIES IN THE GALAPAGOS ISLANDS-ECUADOR

At present, sustainable tourism has become an important activity in the economic development of a country, in order to maintain an environmental balance and to conserve natural and cultural resources. Implementing sustainable tourism in a country will depend on its potential. Tourism worldwide has been boosted by the use of Information and Communication Technologies (ICT), with the use of business models that focus on Internet Marketing. In order to analyze the implications that ICTs have on tourism in Ecuador, this investigation was carried out. This study is focused on determining how sustainable tourism in the Galapagos Islands can strengthen this sector in the country using ICT as a tool. The methodology to carry out this research was through an extensive bibliographic review that involved a number of scientific, institutional and governmental articles. This search managed to make a clear definition of sustainable tourism, information related to the demand for tourism in the Galapagos archipelago was collected and, in this way, implement a management guided by sustainability and be able to offer a service that allows the destination to be more attractive. Finally, in the study of this practical case, different factors were taken into account that helped the application of sustainable development and that were analyzed with all the possible proposals, in addition to being able to give a detailed explanation of what tourism is like in the Galapagos Islands. It is important to mention that the sources consulted showed that sustainable tourism allows intertwining the economic, social and environmental aspects that are needed to strengthen tourism in Ecuador. Sustainable tourism has become a methodology of great importance at the economic level in the country, generating new sources of employment and providing the necessary support for work and paving the way for a better social, economic and political coexistence in the world, presenting a series of particularities that are studied from the observations obtained from the experience lived in Ecuador which serve as a basis to produce a renewal in the activities that are traditional and that are lasting over time.

Бізнес-модельне проектування електронної комерції: ефективність дропшипінгу та його трансформація

The article is devoted to the study of the theoretical process of formation and use of business models in e-commerce. The authors analyse the growth trend of digital business models research at the global level. The paper considers directions of principles of formation of corporate business models. As an example of using the Osterwalder’s canvas of a business model, the authors studied the online rental service Airbnb. The article shows the business model design of e-commerce based on the drop shipping business model. The paper defines the consistent and successive stages of development of this type of business and compares the advantages and disadvantages of adopting the drop shipping business model in business projects. Due to the research, there will be an increase in sales as a result of the use of the drop shipping business model. Essentially, the study acquired the importance of formation, evolution and use of business models in general company management, taking into consideration contemporary features of ecommerce

ЗАБЕЗПЕЧЕННЯ ТРАНСФОРМАЦІЇ СФЕРИ ФІНАНСОВИХ ПОСЛУГ В УМОВАХ СТАЛОГО РОЗВИТКУ НАЦІОНАЛЬНОЇ ЕКОНОМІКИ

The article examines the theoretical aspects of the transformation of the financial services sphere in the context of national economy sustainable development. It has been substantiated the importance of the development of the financial services market on the basis of digitalization as a priority tool for promoting sustainable development. It has been noted that modern globalization trends create difficult forecasting conditions for the national economies of the countries of the world, which creates constant challenges for ensuring sustainable development. A comparative description of the paradigms of tradi-tional finance and sustainablefinance has been given. It has been noted that the digital transformation of the financial services market involves a focus on the use of business models and business processes as basic forms of service provision, which makes it possible to intensify the introduction of innovative financial products. The transformation of banking institutions into high-tech organizations requires their compliance with the following requirements: the ability to provide consumers with a comprehensive product within the fintech ecosystem; transparency of information; improvement of digital technologies and their spread in all spheres of the bank's management activity. It has been determined that the current state of functioning of the financial market is characterized by the transformation of the traditional model of financial and economic relations based on digital platforms and ecosystem economics. The features of the digital transformation of the financial services market have been analyzed. The main directions of the digital strategy of the banking institution have been considered. The basis of the devel-opment of the bank's digital strategy is the definition of the key elements of sustainable development, namely the development of a digital product, including a personalized banking service, ensuring con-stant interaction with consumers, governing bodies and partners, and the development of a financial ecosystem of partners. The internal and external environment of the financial system, as well as the level of digitalization offinancial relationships, have a significant impact on the compliance of the financial services market with the criteria of sustainable development.

Using Business Models in Hindsight

Purpose: Develop a method for an extended “fore-and-aft” use of business models. The method will turn them also into potent business history tools, in addition to being valuable forward planning instruments. Approach: Business models can be used to understand organizations by studying them as “snapshots” at any given time or accounting for their evolution by comparing their past successive forms on a temporal axis. The paper proposes a method of evolutionary analysis, which, by following a historical institutionalism approach, identifies “critical junctures”, organizational change and business model revisions. The evolution of organisations can be deciphered by comparing the business models at these “critical junctures”. Findings: The method has been tested in two international financial institutions. Value: There is no similar approach and use of business models. The method can serve scholarly purposes and business applications.

Use of Business Models of the Aggregator in the Market of Commodities (Petroleum Products)

One of the events of recent years is the development of Internet commerce. B2C Internet trading is carried out through various aggregators. The demands of buyers and sellers in complex markets for commodities have similarities to the B2C market. In the conditions of online trading, sellers significantly automate and increase sales volumes, and buyers receive a choice of offers and a wide choice of products. When choosing the form of an aggregator in the B2B market, the market features and the product properties have a special fixation. The oil products distribution market in Russia is actively introducing new technologies into business. The main criteria for segmentation in this market is a commodity. Petroleum products are natural goods with unique properties, the key characteristic of which is the natural quality standard. Thus, when developing an aggregator model for commodities, the sales process, providing access to real-time information on the volume of demand and supply, high speed of implementation and safety of cases, as well as the availability of necessary services are especially important. The article proposes a model of the B2B-hub aggregator in the oil products commodity distribution market to improve the efficiency of doing business for buyers and sellers.

Innovative Approach to Business Development in the Field of Waste in the Republic of Kazakhstan

Object: To research business development opportunities based on the principles and models of the closed-cycleeconomy in the field of solid household waste (SHW).Methods: General scientific methods (analysis and synthesis, comparison and analogy, hypothetical method) and special methods (formal-logical method, statistical analysis).Results: An analysis of the formation and processing of solid waste in the country revealed problems in this area. A comparative analysis of solid waste processing in Kazakhstan and non-CIS countries, as well as the profitability of waste recycling business in developed countries, showed that the waste sector is a prospective niche for the development of “green” business. The foreign studies contribute to the relevance of the use of business models of the circular economy, which implies the processing of waste into secondary raw materials and its use at different stages of the production process. The research identified the obstacles hindering the development of innovative businesses in the field of waste; suggested ways to solve the problems of the MSW sphere.Conclusions: The results depict that there is a significant potential for the development of an innovative business for the processing and recycling of waste in the field of solid waste management in Kazakhstan. To further develop this area, it is recommended to use the principles and business models of the circular economy, to create favorable conditions for entrepreneurial activity.

Business Models and Marketing

The term “business model” is relatively new and has become widely used only since the dot-com bubble around 2000. The emergence and widespread use of business models occurred in the context of an era in which business owners and managers had to reflect on the premise of their business and strongly requestion this premise. Currently, the effects of COVID-19 on societies worldwide are accelerating changes in daily life. Thus, the business questions of where and how to make money and how to prepare for competition are reaching a new turning point. This special issue includes a collection of papers that provide rich suggestions for tackling the challenges of this era.

Циркулярні моделі управління розвитком бізнесу: проблеми та перспективи в Україні

The purpose of the article is to study circular models of business development management, in particular, problems and prospects in Ukraine. Based on a research of scientific papers of domestic and foreign scholars, the essence of the circular economy and business model was defined. The article analyzes the basic principles of the closed-circle economy of 3R (reduction, reuse, processing) and the principles of its functioning, presents the detailed analysis of 5 basic circular business models (goods as a service; circular supply chain; the processing of resources; prolongation of the life cycle (LC) of goods; design without waste) and provides a graphic interaction of them. In addition, the main aspects of their functioning are substantiated, which include three levels: level of doing business and costs, market value, and ecosystem level. Examples of enterprises operating on the EU territory and effectively implementing the presented business models in their activity thus proving the effectiveness and practicality of their implementation by domestic enterprises are given. Also, the main problems and risks during the implementation of circular management models such as ecological, social, and economic are determined. In order to neutralize and minimize the impact of identified problems and risks on the activities of economic entities, measures are proposed to ensure a smooth transition of domestic enterprises from a linear to a circular economy. It is found that due to the introduction of business models in the stages of production, companies manage to save a significant part of resources, increase their income and even create additional jobs. It should be noted that the article presents a small part of examples on the realization and use of business models of a closed cycle; therefore the prospects for further research can be outlined in the direction of studying other examples of their application and developing effective measures to simulate the transition to a circular economy at the State level.

ПРИМЕНЕНИЕ АНТИКРИЗИСНОЙ БИЗНЕС-МОДЕЛИ НА ПРЕДПРИЯТИИ ООО «ЭСТЕ ПЛАЗА»

This article is devoted to the application of the anti-crisis business model at Este Plaza LLC. The transformation of the business model is one of the methods of crisis management of the company, allowing to prevent a crisis situation. When writing the article, analytical, structural and systemic methods were used, as well as the method of economic analysis. It was concluded that modern business organizations now and in the future will have to carry out their activities not just in conditions of uncertainty, but in conditions of high turbulence, when phenomena and problems that differ in scale and content will arise unpredictably and unexpectedly. Therefore, the management of modern business organizations should always have an appropriate business model in their «arsenal.» The use of business models in the management of the organization’s activities is an effective, multifunctional tool.

Innovation in Higher Education Management and Leadership

Innovation in higher education management and leadership has experienced a continuous increase in demand, worldwide. The emergence of global events, such as the COVID-19 pandemic, has accelerated the adoption and implementation of this innovation. Furthermore, technological advancement can be attributed to changes in educational management and leadership. The use of business models, theories, and methods such as the Education Management Information System (EMIS) has improved the collection, analysis, interpretation, storage, and retrieval of data to increase how they make well-informed decisions. Therefore, the strategies employed in higher education management and leadership have undergone many changes and updates. However, further research is required to ensure that best practices, evidence, and data-driven methods are used to improve staff/follower satisfaction and high performance of students and teachers in higher education institutions. This study explores the impact of innovation on management and leadership in higher education institutions. Findings from several countries show a strong positive correlation between increase in innovation and better educational management and leadership. Additionally, openness to change and happiness of stakeholders in higher education institutions increases when leaders and educational management are trained through conferences and benchmarking activities. Hence, using emerging technology and openness to change through education, awareness creation, and training, the level of innovation in universities and other higher education institutions increases, which in turn promotes performance and productivity.
 
 Received: 11 August 2021 / Accepted: 3 October 2021 / Published: 5 November 2021

Algorithms and business models of financial outsourcing for sustainable development in industry

The work is devoted to the study of the use of business models of financial outsourcing in the institutional support of sustainable development. It is shown that a significant role in the sustainable development of the economy and environmental management can belong to clients of financial outsourcing services - small and medium-sized businesses (SMEs). The paper proposes to include an outsourcing company of financial outsourcing services in the infrastructure for supporting sustainable economic development of united territorial communities (UTC), which will increase the volume of revenues to the local budget and provide additional financing for SMEs, incl. whose activities are aimed at improving the environmental situation. A methodology for monitoring the revenue side of local budgets has been developed by processing monthly data “Openbudget” and “Opendata” by methods of predictive analytics. The proposed methodology has been tested on the example of the budget of Mariupol (Ukraine), as a city with a poor environmental situation, in which monitoring of the local budget will reveal additional sources of financing for the activities of SMEs - clients of financial outsourcing services aimed at improving the environment, as well as ensuring sustainable development of the economy of the territories and the country.

Миссия университета в гуманитарном измерении: к постановке проблемы

The article focuses on the mission humanitarianism of a university as a social institution from the perspective of social ontology. The mission is viewed as a perfect benchmark (supreme goal and purpose) necessary for university existence as well as for maintenance and authorization of its institutional identity. It is shown that despite the changes in functionality of universities under the conditions of knowledge-intensive economy development (use of business models in interaction with the society), the humanitarian orientation has not lost its significance since it is necessary for the existence of a university as an institutionally organized specific educational activity, including knowledge generation, storage and transmission. Key institutional characteristics are considered that reveal the importance of humanitarianism for preserving the university as a unique social phenomenon. The authors are guided by the methodology of moderate constructivism – the study of value and meaning of human mentality, ideas and ideals in forming the institutional design of social reality. The role of the ideal and the intentionality of human actions in the construction and function of an educational social institution, which is expressed in the university corporation’s drive to be orientated at values, which give positive social significance to its activities and are aimed at achieving good, are explored. The university produces and conveys knowledge through establishing a knowledge subject, in other words, it forms the very intention to achieve a socially significant result not only in an objectified form of knowledge, but also in the form of evolution (development) of an individual who can produce and use knowledge for the good of society and for their personal advancement. In this context, the mission is understood to be a supreme goal and an ideal benchmark in the concrete historic practices of university education in forming a knowledge subject who must master the fundamental values necessary for society’s existence. The university mission is based on the concrete historic interpretation of the key socially significant goal of education: the development of a “human being” who acts for the good and benefit of society and its members via conveying the thesaurus of universal human values in their concrete historic theoretical and ideological formats.

An Empirical Investigation into Impact of Business Model on Performance for SMEs in Nigeria

Understanding the concept of business model is a very important factor for a firm’s performance. This study examines the relationship between business model and performance of SMEs in Nigeria. In spite of increased interest of citizens going into small business, it has indicated that most of businesses end up with poor performance which is as a result of varied attitudes towards business model. Business model was conceptualized using efficiency centered business model design and novelty centered business model design, while performance for the dependent variable was conceptualized using sales growth, return on sales and total factor productivity. With the use of questionnaire survey, business owners of small and medium enterprises operating in Abuja Nigeria were administrated. The aim of this research is to find out to what extent and how SMEs use frameworks for creating and innovating their business models and what the effectiveness of this process is. The relevant issues discussed are, how do SMEs make use of business models and who are involved in the business model process in improving performance. This paper aims to give the state of the art of the business model innovation researches on SMEs. Overall, this article makes three contributions: 1) to enrich the current research on the topic of business model on small medium enterprises, 2) to analyze the researches on the field of the information on the methodology used and the unit analysis of the researches, and 3) to provide future research directions of the business model research, especially in the context of the small medium enterprises.

A managerial survey to discuss wine business models

PurposeThe purpose of this paper is to describe, analyze and compare business models (BMs) developed and used by wineries in two very different wine regions, one from the New World of wine [the USA, Connecticut (CT) and Rhode Island (RI)] and the other from the Old World of wine [Spain, Rias Baixas (RB)].Design/methodology/approachA survey was conducted aimed at all the wineries of both regions. The survey describes wineries’ decision-making process regarding their value chain through four variables, namely, supply, product, market and distribution and their perceptions regarding how competitive their business environment is through five variables, namely, barriers of entry, power of suppliers, power of buyers, internal competition and the threat of substitute products. This complimentary analysis (internal and external) approaches a definition of the BMs used in wineries of these two different wine regions.FindingsThe study highlights how BMs evolve and adapt to the competitive environment in which companies find themselves; wineries from CT and RI BMs display behavioral elements of companies that compete in the first stage of the life cycle, however, RB wineries BMs show elements of companies competing in the stage of maturity of the life cycle.Originality/valueThe paper shows empirical evidence of the use of BMs in an agribusiness sector as important as the wine industry. It also describes these distinctive BMs per region and explains how the creation of value occurs and how they adapt to different environmental conditions.

The role of organic districts in supporting companies' sustainable development

The main goal of this research is to analyse the features and to investigate the role of organic districts in the Italian context, throughout the use of business model (BM) tool, in order to understand their support in sustainable development of the different players involved. Through a survey questionnaire conducted on a sample of Italian organic districts, the districts' features, the role of the districts in supporting sustainable aspects and the related benefits perceived by companies belonging to such districts have been investigated. Finally, the findings reveal the sustainable business model features of these organisations. The paper enables to open the black box of organic districts, which are still under investigation in the literature.

The use of business models in veterinary units

The use of business models in veterinary units

Business Model Grounds and Links

The business model concept emerged in theory and practice without a consensus on the understanding of the concept, but it has become a well accepted and useful construct in fields such as strategy, organization, information systems and technology. This paper aims to provide an overview of the research on the use of business models focusing on outstanding works in this field, extracting main converging findings unburdened of extant lists of specific citations. Following the overview, a comparison of the seven respective conceptual frameworks of the business model research is presented. Finally, after determining grounds, the business model concept is linked to related complex concept – enterprise architecture.

Analisis Model Bisnis pada Eighteen Nineteen Laundry dengan Pendekatan Business Model Canvas

The business model is the primary factor that has a major role in influencing the performance of the business in improving the competitiveness and achieve its goals. One effective tool used in assessing a business model is the business model canvas because it can contribute to the use of business models. Business model canvas focuses on business ideas to create value in the business. This study analyzes the business model on Eighteen Nineteen Laundry. The purpose of this research is to create a new strategy for the business model used by Eighteen Nineteen Laundry. The method used in this research is descriptive and qualitative analysis method by using the in-depth interview in collecting primary data needed during the research process. The result of this research is evaluation and recommendation of business model from Eighteen Nineteen Laundry obtained based on SWOT analysis on each element of business model canvas to improve service quality, marketing activity, infrastructure, financial ability Eighteen Nineteen Laundry. It is hoped that this research can be useful to improve the income stream and can develop the business and be able to compete in the future.