Viable Business Model Research Articles

Financial feasibility: developing and commercializing Turmeric Kombucha with the business model canvas

Turmeric Kombucha, a fermented drink combining the anti-inflammatory properties of turmeric, represents a promising product of functional beverage market. In order to successfully bring Turmeric Kombucha to market, it is essential to evaluate its commercialization potential. This involves assessing the Business Model Canvas (BMC) and financial feasibility metrics. This study aims to determine the feasibility and strategies for successfully commercializing Turmeric Kombucha for development a business plan with scale up the production of Turmeric Kombucha. The result indicate that Turmeric Kombucha has a viable business model with 9 elements. Based on financial shows that Net Present Value (NPV) of $ 13,405,417.62, an Internal Rate of Return (IRR) of 71.42 %, a Payback Period (PP) of 0.59 years, and Break-Even Point (BEP) metrics of 3,173 units and $ 4,914.46. The analysis shows strong financial viability and significant growth potential for Turmeric Kombucha, supported by sustainable and efficient supply chain partnerships. The features and characteristics of the obtained results in this study, namely: a) high consumer interest from health-conscious individuals over 18 years old; b) health benefits of Turmeric Kombucha include hepatoprotective, immunomodulatory, antidiabetic, and antioxidant properties; c) key resources include efficient production processes, user-friendly equipment, and adequate human and financial resources. The practical application of these results involves strategies for scale up of market expansion, quality standardization, and supply chain enhancement. Customer relationships are fostered through direct and indirect distribution channels such as marketplaces, word-of-mouth, and retail stores.

Student entrepreneurs with triple bottom line objectives: capabilities in creating viable business models

PurposeThe objective of this instrumental case study is to investigate issues impacting capability development/transformation with respect to student entrepreneurs’ aspirations to create a viable, evolving business model for their start-ups, namely, that are underpinned by goals featuring the “triple bottom line”. That is, instead of simply profits as an economic performance metric, there is also a consideration of wider social issues within the notion of “responsible leadership”, involving people and the planet.Design/methodology/approachUnderpinned by a “capabilities lens”, the research setting focuses on the perceptions of student entrepreneurs together with other stakeholders in a Canadian university. The country context is pertinent, since to gain scalability, owners of start-up firms may need to internationalise to overcome limited domestic demand (despite the large geographic area); also, stakeholders’ support is sometimes needed to facilitate growth.FindingsNew insights demonstrate the need for appropriate stakeholders to facilitate effective transformative capability development amongst student entrepreneurs with triple bottom line objectives. Student entrepreneurs’ capability of validating facets of a viable evolving business model that address “all” and not “some” aspects of the triple bottom line is especially important. This is alongside the capability of being able to pivot product-market strategies where necessary, and this may feature the need to internationalise in the event there is limited domestic demand. A capability to develop soft skills is also likely to help student entrepreneurs communicate with stakeholders. In turn, such capabilities are likely to help move ideation, passed validation and through to commercialisation.Originality/valueThe utility of institutions and associated stakeholders offering education and training support to develop capabilities amongst students as aspiring entrepreneurs has featured in earlier studies. Likewise, issues associated with the notion of sustainability have also been previously considered. The originality of this instrumental case study is to offer a more nuanced investigation into salient issues associated with capability development amongst student entrepreneurs exhibiting triple bottom line objectives in their start-ups. That is, focusing on considerations related to validating their evolving business models and especially when facing limited domestic market demand.

DRIVERS OF PROFIT CONVERGENCE IN EURO AREA BANKS

Since there are persistent concerns about the viability of euro area banks, we analyse their profit recovery in the post-crisis period, applying the concepts of β and σ convergence as well as the Phillips and Sul clustering algorithm. The results are consistent with ROE convergence, but to different levels across bank groups. The clustering analysis reveals the existence of banks with solid performance, but also a group of persistent underperformers. We find that non-interest income and operational efficiency emerge as crucial discriminating factors to explain the banks’ relative post-crisis ROE dynamics. Supervisors and bank managers are advised to monitor and reinforce bank business model viability.

Risks and profitability of business models of insurance companies

Ukrainian insurance companies are steadily moving towards the European development framework, facilitated by the adoption of a series of radical regulatory documents by the National Bank of Ukraine (NBU) concerning the super­vision of their activities based on a risk-oriented approach. This, in turn, requires insurance compa­nies to make fundamental changes to their risk management processes and substantiate their choice of a viable business model capable of ensu­ring their long-term. The aim of the article is to determine the level of risks and the related profitability of business models of insurance companies of Ukraine, as well as to develop recommendations for their transfor­mation based on proactive risk management. The research is based on the use of a set of such methods as analysis, comparison, grouping, correlation. Various methodical approaches to distinguishing the business models of insurers are revealed and their brief description is given. An analysis of risks for business models of life and non-life insurance was carried out based on the system of selected indicators. An analysis of the correlation relationship between the ratio of insurance payments to insurance premiums (dependent variable) and independent variables was carried out. Proposals aimed at imple­menting innovative business models based on proactive risk management have been deve­loped. Formulated and empirically tested hypo­theses regarding the reduction of the scale of the insurance business under the influence of the unfavorable economic situation, the war in Ukraine and the strengthening of regulatory requirements for insurers; different levels of risks are inherent in the business models of non-life and life insurers; the introduction of innova­tive business models for insurers should be based on the conceptual principles of proactive risk management

International Expansion of Nigeria Banks: Constructing the Winning Business Model in Sierra Leone-A Case Study of Guaranty Trust Bank

The research study is aimed at examining the degree to which Business Model adopted impact corporate performance particularly in a low-income economy, identify the Business Model variables and suggest the best Business Model to operate in Sierra Leone. Exploratory research was conducted on Guaranty Trust Bank (SL) Ltd with findings compared and contrasted with that of notable competition, United Bank for Africa and Zenith Bank. The aim of the research was to facilitate understanding of the factors responsible for the successes recorded by the subsidiaries of Nigerian banks in one location and how these success factors could be replicated in other subsidiary locations. The research entailed gathering of qualitative data from the senior executives of these banks and quantitative data from the financial performances of the banks over a three-year period. The analyses of the qualitative and quantitative data were used to test the viability of the Business Models adopted by the sampled multinational banks based on identified features inherent in a viable Business Model. The study found that the competitive advantage of case study bank was due to the effectiveness of its Business Model in terms of alignment with the goals of the organization, reinforcement, virtuousness, and robustness. The study also revealed that the characteristics of an organization and inherent resources could be evaluated and assessed from the Business Model features and structured to deliver optimal results. The study demonstrated that a well-crafted Business Model is capable of providing a competitive advantage even in low-income economy and aid the replication of success in one location to another. The research findings provide practical implications to guide businesses in the designing of the most appropriate Business Model for optimal performance. The research study can help business leaders to develop a template for driving performances in their organizations, communicate performance actions and monitor performance objectives.

Comparative analysis of FDA approvals by top 20 pharma companies (2014–2023)

This article addresses the research and development (R&D) productivity challenge of the pharmaceutical industry, focusing on United States Food and Drug Administration (FDA)-related new drug approvals of the top 20 pharmaceutical companies (2014-2023). We evaluated the degree of innovation in new drugs to determine the innovativeness of these leading companies. A key finding of our analysis is the decline in the number of new drugs approved by the FDA for these leading companies over the investigated time period. This trend suggests that some of the leading companies are losing ground in R&D innovation, raising concerns about their ability to sustain competitive advantage, ensure long-term market success, and maintain viable business models.

Digital Entrepreneurship, The Risk and Business Viability Assessment in Nigeria

The study assessed digital entrepreneurship, the risk and the business viability in Nigeria. The study's specific goal is to ascertain the degree of viability and risk assessment of digital entrepreneurship in Nigeria’s economic space. Digital entrepreneurship is a 21st century business model because it is an enterprise that relies only on a digital platform that is pursued and managed by a digital entrepreneur. Digital entrepreneurs rely on internet resources to create and expand their digital services enterprises. The study's sample included 400 respondents who were chosen from Delta State's small and medium-sized business owners and proprietors. The adopted descriptive survey method and simple percentages were used to evaluate the data. The overall conclusion of the study is that digital entrepreneurship is a highly effective and viable business model in Nigeria and it is fantastic in bringing goods and services to customers' doorsteps, provides business owners with a platform for brand development and content creation as well as business growth. The study identified five major risks associated with digital entrepreneurship as cyber security risk, information security and privacy risk, fraud risk, copyright violation risk, infringement of trademark risk. The study confirmed that digital entrepreneurship creates business values at profit with lower cost of production when compared to the cost of operating physically established businesses or other means of doing business offline. The study also concludes empirically that digital entrepreneurship has a low possibility of loss but high profit possibility with the ability to manage the four identified risks.

New Business Models in Agroecology

Agroecology is a new area of knowledge and emerging body of experience linking in a transdisciplinary manner, experiments, research, and action-oriented innovations targeting enhanced food systems’ resilience, environmental and socio-economic sustainability at the farm, organizational and institutional levels. Authors view is that applying ecological principles and social values to agricultural production and consumption has to have a market recognition. This paper investigates in which conditions agroecology can also offer new business models that are more inclusive, diverse, and profitable for farmers and other food system actors especially those small farmers actioning in a regional context and willing to cooperate to co-create new business models. These business models involve the adoption of innovations such as integrated management, organic fertilizers, participatory guarantee systems, and collective marketing in a regional value chain perspective. The paper investigates as well some pathways to agroecology developed in IH Bio Danubius, a regional cluster already engaged in organic agricultural practices and willing to further embrace new agroecological principles. One important pathway, in wich our research is conducted are conditions under which private (voluntary) standards based on indicators can meet market requirement through a viable business model.

Assessing techno-economic strategies to implement circular business models: The case of fibre-reinforced thermoset polymers

We present a comprehensive review of recent techno-economic analyses concerning the recycling of fibre-reinforced thermoset polymers, delving into the strategies employed. Additionally, we offer insights into the critical issues that necessitate consideration when evaluating solutions for valorizing these materials. Our emphasis lies in advocating for a demand-driven, entrepreneurial approach focused on identifying viable industrial applications for recycled materials, forming the foundation for sustainable techno-economic solutions and viable circular business models. We underscore the imperative for initial public intervention to regulate the recycling process, alter stakeholders’ incentives and effectively coordinate actions across involved value chains.

STARTUPS -Requirement Factor in Finance

This abstract examines critical factors influencing startup success in securing financial resources. It explores the multifaceted dynamics encompassing funding sources, investor preferences, and regulatory frameworks. Key determinants such as business model viability, market potential, and founder credibility are scrutinized for their impact on attracting investment. Additionally, the study delves into emerging trends like crowdfunding and venture capital trends shaping the financing landscape. By synthesizing empirical evidence and industry insights, this abstract sheds light on the imperative considerations for startups navigating the complex terrain of finance, offering valuable guidance for entrepreneurial endeavors. Key Words: optics, photonics, light, lasers, templates, journals

Implementing a circular business model for reusable packaging: Multidisciplinary learnings from reusable pizza packaging

This article explores practical challenges in developing and implementing circular business models in the context of reusable takeaway food packaging from a transdisciplinary perspective. It touches upon the desirability, feasibility, viability, and sustainability dimensions of a reusable pizza packaging circular business model. First, a literature review is conducted to highlight current knowledge and gaps around circular business models for reusable packaging and the key factors addressing the desirability, feasibility, viability, and sustainability. Second, a case study approach is taken for an in-depth exploration of these factors and their effect on the successful implementation of a reusable packaging business model. A real-life pilot is structured and implemented; questionnaire, workshops and semi-structured interviews with consumers and key stakeholders of the novel business model as well as technical laboratory tests of used packaging are used as key data sources in the case study. This study contributes to research and practice with a novel framework for circular business model innovation in the context of reusable packaging highlighting the need to iteratively address packaging as well as system conditions affecting the desirability, feasibility, sustainability, and viability of such ecosystem-based business models. Future research should inherently take a systemic perspective to address interconnections between these four dimensions and explore in which steps and order experimentations should be developed to balance trade-offs between feasibility and desirability while ensuring sustainability and viability of the business model.

A Case Study of Maritime Hydrogen Energy Development in Jiangsu Province in China

This study aims to develop a systematic review of hydrogen energy storage technologies and maritime applications, intending to present an international perspective on the matter. This study analyses the role of advanced storage methods in enabling renewable energy systems integration in coastal regions, using Jiangsu Province of China as an example. The Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) was used as the research method. Data was obtained from research studies over the period 2015–2023. The analysis included a total of 96 papers from Web of Science, Scopus, IEEE Xplore, and ScienceDirect databases. Results show that Europe and East Asia led publications at the intersection of hydrogen storage and marine applications over the past decade. One of the main issues associated with maritime hydrogen adoption found in the dissertation is related to the mismatch between technological readiness levels and commercial maturity. Findings indicate promise for fuel cell integration with ships, ports, offshore wind farms, and other coastal transport sectors. However, the realization of the project depends on infrastructure development, policy support, and viable business models tailored to the marine environment. Focused demonstration projects and public-private collaboration can further progress towards robust hydrogen-based energy storage ecosystems in suitable regions like Jiangsu and beyond.

Reshaping the energy landscape of Crete through renewable energy valleys

Renewable energy valleys (REVs) represent a transformative concept poised to reshape global energy landscapes. These comprehensive ecosystems transition regions from conventional energy sources to sustainable, self-reliant hubs for renewable energy generation, distribution, and consumption. At their core, REVs integrate advanced information and communication technology (ICT), interoperable digital solutions, social innovation processes, and economically viable business models. They offer a vision of decentralized, low-carbon landscapes accessible to all, capable of meeting local energy demands year-round by harnessing multiple renewable energy sources (RES) and leveraging energy storage technologies. This paper provides an overview of the key components and objectives of REVs, including digital integration through advanced ICT technologies and open digital solutions that enable the seamless management of RES within the REV. The social innovation aspect via the REV’s active communities is also examined, encouraging their participation in the co-design, implementation, and benefit-sharing of renewable energy solutions. In addition, business viability through sustainable business models central to the REV framework is proposed, ensuring affordability and accessibility to all stakeholders. The paper presents a case study of Crete, showcasing how the REV idea can work in real life. Crete utilizes various energy sources to become energy-independent, lower carbon emissions, and enhance system resilience. Advanced energy storage technologies are employed to ensure supply and demand balance within the REV. Situated on the picturesque island of Crete, Greece, it is pioneering the establishment of a Renewable Energy Valley ‘Living Lab’ (REV-Lab), integrating Community Energy Labs (CELs) as innovation hubs. This initiative exemplifies the REV model, striving to create a digitalized, distributed, and low-carbon landscape accessible to all residents throughout the year.

Frontiers in Operations: Battery as a Service: Flexible Electric Vehicle Battery Leasing

Problem definition: The electric vehicle (EV) manufacturer NIO adopts a swappable-battery design and a battery-leasing business model known as battery as a service (BaaS). It recently introduced flexible battery leasing, which allows customers to temporarily up-/downgrade their primary leased batteries based on the needs for range. We investigate whether this business model innovation is viable, namely whether introducing flexible battery leasing in BaaS could benefit the manufacturer, the customers, and the environment compared with simple battery leasing. Methodology/results: Adopting a game-theoretical model, we find that introducing flexible battery leasing in BaaS can simultaneously improve the manufacturer profit as well as reduce the total customer cost and the total battery capacity. Such win-win-win outcomes generally occur for large high-capacity battery ranges and moderate high-capacity battery costs—both consistent with the ongoing trend in the EV industry and a model-calibration exercise. We further show that this key finding is robust for correlated regular and peak needs for range and when launching BaaS with flexible battery leasing and that if the manufacturer was to choose a high-capacity battery range for flexible battery leasing, it would choose one such that battery reallocation alone can meet all battery up-/downgrade demand without acquiring additional batteries. Managerial implications: Our findings confirm that flexible battery leasing can be a viable BaaS business model innovation and offer insights into when this may be the case. This insight strengthens the strategic support for EV manufacturers’ potential adoption of the swappable-battery design and the BaaS model, and it may inform their operating policies to implement flexible battery leasing. History: This paper has been accepted in the Manufacturing & Service Operations Management Frontiers in Operations Initiative. Supplemental Material: The online appendix is available at https://doi.org/10.1287/msom.2022.0587 .

Impact Of Digitalization In Fast Moving Consumer Goods Industry In India

While some individuals shop for groceries on a daily basis, others go grocery shopping once a week just to bulk up. Having said that, it is essential for everyone to buy food. The term "fast-moving consumer goods" (FMCG) is shorthand for things that are inexpensive, much sought after, and sell out rapidly. Because customers buy and use these products often, stores and supermarkets label them as "fast-moving" because they disappear off shop shelves so quickly. In India, the fast-moving consumer goods sector is a major economic driver. Household and personal care makes up half of the fast-moving consumer goods (FMCG) industry, which is the fourth biggest in the economy. Changing lifestyles, rising incomes, more knowledge, and better access have been the primary growth factors for fast-moving consumer goods (FMCG).There was a $56.8 billion FMCG market in December 2022. The forecasted total revenue for the FMCG market is roughly $615.87 billion, with a compound annual growth rate (CAGR) of 27.9% from 2021–27.The study shows that there are different opinions on digitization and that it is a wide-ranging issue. However, when people think of digitization in the fast moving goods business, particularly in the food sector, they usually picture the tools and processes that help sell food online. The current surge, on the other hand, is attributable to the fact that people are becoming used to buying online and are hence requesting this functionality for their grocery shopping as well. Companies in the food business can't help but consider digitization in response to customer demands for digital solutions, as customers are the industry's most important players. Electronic commerce (e-commerce) opens up a worldwide market and frees retailers from some availability constraints, allowing customers to buy things whenever and wherever they want, according to today's literature.Due to the wide range of temperatures and relatively short shelf life of many items, the food business has its fair share of unique issues. This presents both a barrier and an opportunity for online food sellers in terms of delivery. Everyone involved in the sector is aware of this, thus they're all working to find a delivery solution. But it's debatable that the food sector as a whole has to expand if e-commerce is going to be a viable and lucrative business model for enterprises. This includes the FMCG digital market.

A Preliminary Study of Role and Challenges of IOT in Supply Chain Management

Abstract: This paper delves into research on the Internet of Things (IoT) within the context of supply chain management (SCM). It comprehensively addresses the definition of IoT, key technology enablers, various SCM processes, and applications. The Internet of Things has the potential to address limitations in certain aspects of SCM, such as monitoring, production management, logistics operations efficiency, information exchange and communication, supply chain modeling, intelligent information collection, and security. The advent of IoT technology has ushered in a new era in logistics. The paper examines the current application areas and future prospects of this technology. Challenges encountered in implementation underscore the need for further refinement of IoT technology. Despite these obstacles, experts contend that the crux lies not in issues of costs, standards, and techniques, but in the establishment of a viable business model in the SCM and logistics industries.

Strategic impact of knowledge entrepreneurship on foreign direct investment in Nigeria

The study investigated the strategic impact of knowledge entrepreneurship on Foreign Direct investment in Nigeria. This study examined the rate of foreign Direct Investment (FDI) in Nigeria because the country has witnessed massive downward sliding of foreign direct investment in recent times. To solve this problem, this study is aimed at ascertaining the nature of impact Knowledge entrepreneurship has on foreign direct investment. The study also investigated the cause of the massive downward sliding of foreign direct investment in Nigeria. This study adopted the survey design. Simple random sampling technique was used in selecting the 200 staff of selected foreign direct investment firms in Nigeria. Findings revealed that there is a positive and significant relationship between knowledge entrepreneurship and Foreign Direct investment in Nigeria. This means that the knowledge of Foreign Direct Investment opportunity in another country will accelerate the action of the entrepreneur in taking advantage of the opportunity to make profit in that country. This is in tandem with Knowledge Spillover Theory of Entrepreneurship. Knowledge entrepreneurship has the potency to attract foreign direct investment hence the positive and significant correlation. The study also found that knowledge entrepreneurship has resulted in technological transfer to Nigeria and employment generation as well as increased profitability and market share of the FDI operating in Nigeria.The study concludes that knowledge entrepreneurship is a viable business model in Nigeria and that the reason for the massive and downward sliding of Foreign Direct Investment in Nigeria currently is as a result of the national challenges of high insecurity and exchange rate volatility.

Remaking “Small Business” in Turkey: Critical Assessment of Small Business Politics Under the AKP Rule

ABSTRACT The capital accumulation in Turkey was notably bolstered by the substantial involvement of small-scale trade and manufacturing activities yet significant changes in the realm of small business politics have occurred since the 1980s, culminating in the restructuring of small enterprises as a viable business model through a series of socio-political and economic shifts. As for the 2000s, this period has witnessed a heightened emphasis on entrepreneurial rhetoric where sectoral inequalities have affected the model of small businesses through a range of institutional-legal policies and financial adjustments compatible with the consumption-led growth model during the AKP era. While the policies aligned with the demands of global trade have indeed created a favorable environment for capital accumulation, but introduced a range of new competition dynamics and complexities among the sectors and have forged new alliances within the small businesses, alongside giving rise to emerging conflicts.

Opportunities and challenges: On Volume 4, Issue 2 of Smart Tourism

The COVID-19 pandemic has undeniably exerted a profound impact on the global travel and tourism industry, prompting stakeholders within this sector to ardently pursue rejuvenation strategies and explore viable business models conducive to accommodating the evolving preferences of travelers in a post-pandemic landscape. This issue presents a compelling invitation for scholarly inquiry, particularly in leveraging technological innovations to foster the advancement of the tourism sector, emphasizing comprehending the pandemic’s consequences on industry dynamics. Additionally, this issue explores a critical examination of tourists’ experiences, offering a rich vein of academic exploration.

Economic Viability of Business models for Photovoltaic solar generation in Brazil: Studies of cases

In the last years, worldwide, more capacity of solar energy has been added than any other type of electric power generation technology. The current expansion market is largely due to the increase in market competitiveness of photovoltaic solar energy and demand for electricity. However, the markets continue to be driven largely by government or regulatory incentives and not by innovative business. Therefore, this paper presents: (i) overview of photovoltaic systems regarding the most adopted business models in Brazil; ii) business model economic viability case study. The results presented shows that the acquisition model has the best investment indicators. For the Acquisition and Rental models, all case studies were economically viable, but in the Shared Solar Generation model the Consumer Units C1 and C2 were considered unfeasible by Levelized Cost of Energy - LCOE criterion.