Topic
Business model
About: Business model is a research topic. Over the lifetime, 31509 publications have been published within this topic receiving 599504 citations.
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01 Apr 2007
TL;DR: This study uses GM(0, N) model to analyze the six variables of firm attributes and the differences between using different firms' attribute variables and financial performance of venture capital enterprises as the result.
Abstract: For the study on the financial performance, there are many limitations in using traditional statistic methods. The grey system theory proposed by the study is to supplement the limitations of using traditional statistic methods and it's more suitable to evaluate the financial performance of business. This study used six financial indicators to classify twenty items of financial ratios as research variables through the Globalization Grey Relational Analysis (GRA), to find the significant financial ratio variables and other financial indicators affecting the financial performance of venture capital enterprises in Taiwan, and it applied Grey Decision-Making (GDM) to arrange the total performances of the sample venture capital enterprises in order. Finally, this study uses GM(0, N) model to analyze the six variables of firm attributes and the differences between using different firms' attribute variables and financial performance of venture capital enterprises as the result.
217 citations
TL;DR: In this article, the authors show that three elements contributed to the path of transformation toward business models for sustainability: building networks and collaborative practices for learning and action around a new vision, the deployment of new concepts drawn from outside the company and elaborating an implementation structure within a reconfigured network.
Abstract: Scholars increasingly recognise that business contributions to sustainable development are founded in new business models. However, most research in this field remains conceptual and offers a rather static view of a complex and dynamic reality. This article contributes to understanding how new business models for sustainability are fashioned through the interactions between individuals and groups inside and outside companies. Based on two case studies, our findings show that three elements contributed to the path of transformation toward business models for sustainability: building networks and collaborative practices for learning and action around a new vision, the deployment of new concepts drawn from outside the company, and elaborating an implementation structure within a reconfigured network. Our findings reveal the complexity of the process, which went through four subprocesses: identifying, translating, embedding, and sharing. Our results also highlight the importance of considering value destructi...
217 citations
TL;DR: The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services.
Abstract: While digitisation is a key driver of the fourth industrial revolution (Industry 4.0); organisations have different approaches to deal with this topic to get a clearer picture of the opportunities and challenges concerning the digital transformation. The purpose of this paper is to identify the impact of digitisation on procurement and its role within the area of supply chain management. The research will also explore potential barriers to digitising procurement and supply chains and ways to overcome them. Finally, the significance of potential enabling technologies to the digitisation will also be examined.,A quantitative approached utilising an online survey was used to collect the primary data for this study. Data were collected from 414 participants directly involved with procurement or related business functions and work for different organisations in different industries. The survey included eight items about the impact of digitisation on organisational performance in the area of procurement and supply chains; ten items related to key barriers to digitisation of organisations and ways to overcome them; and seven items about enabling technologies to leverage procurement procedures and processes digitisation. All of these items utilised the Likert five-point level of agreement scale.,The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become more focussed on strategic decisions and activities, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services. The authors were also able to confirm that there are barriers to digitising procurement process and supply chains and such barriers found in existing procedures, processes, capacities, and capabilities. Finally, the significance of a number of enabling technologies to the digitisation process was revealed.,To the best of the authors’ knowledge, this is the first study of its kind with participants located world-wide. Industry 4.0 as a topic had been explored within different business areas and functions but very limited research specifically explored potential impact, barriers, and enabling technologies of procurement 4.0. The results can be beneficial for organisations already implemented Industry 4.0 or planning to do so. The study can also benefit academic scholars interested in the researched topic, business professionals, organisations within different sectors, and any other party interested in understanding more the concept of procurement 4.0.
217 citations
TL;DR: In this article, the authors propose a framework for addressing the challenges of poverty and human suffering so widespread around the world based on the WSWP action research program, and suggest that visionary businesses can play a role in creating new business models that open up new markets, and simultaneously attend to societal wealth improvements.
216 citations
TL;DR: The paper looks at the evolution of the Industrial revolution and the technologies that have impacted their growth and described how the proposed features of 5G technologies impact the Industries of the future, leading to Industries 4.0.
Abstract: Manufacturing has evolved over the course of centuries from the days of handmade goods to the adoption of water- and steam-powered machines, the invention of mass production, the introduction of electronic automation, and now beyond. Today, the benchmark for companies to keep up with, is Industry 4.0. Here, Manufacturing systems go beyond simple connection, to also communicate, analyse and use collected information to drive further intelligent actions. It represents an integration of IoT, analytics, additive manufacturing, robotics, artificial intelligence, advanced materials, and augmented reality. The paper looks at the evolution of the Industrial revolution and the technologies that have impacted their growth. The proposed features of 5G technologies are listed and described how these features impact the Industries of the future, leading to Industries 4.0. 5G promises to be a key enabler for Factories of the Future, providing unified communication platform needed to disrupt with new business models and to overcome the shortcomings of current communication technologies.
216 citations