Science topic

Business Models - Science topic

A business model describes the rationale of how an organization creates, delivers, and captures value (economic, social, or other forms of value). The process of business model construction is part of business strategy.
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Publisher:
Emerald Publishing
Book Title:
Data Science for Decision Makers: Leveraging Business Analytics, Intelligence, and AI for Organizational Success
Editors:
· Dr. Miltiadis D. Lytras, The American College of Greece, Greece
· Dr. Lily Popova Zhuhadar, Western Kentucky University, USA
Book Description
As the digital landscape evolves, the integration of Business Analytics (BA), Business Intelligence (BI), and Artificial Intelligence (AI) is revolutionizing Decision-Making processes across industries. Data Science for Decision Makers serves as a comprehensive resource, exploring these fields' convergence to optimize organizational success. With the continuous advancements in AI and data science, this book is both timely and essential for business leaders, managers, and academics looking to harness these technologies for enhanced Decision-Making and strategic growth. This book combines theoretical insights with practical applications, addressing current and future challenges and providing actionable guidance. It aims to bridge the gap between advanced analytical theories and their applications in real-world business scenarios, featuring contributions from global experts and detailed case studies from various industries.
Book Sections and Chapter Topics
Section 1: Foundations of Business Analytics and Intelligence
· The evolution of business analytics and intelligence
· Key concepts and definitions in BA and BI
· Data management and governance
· Analytical methods and tools
· The role of descriptive, predictive, and prescriptive analytics
Section 2: Artificial Intelligence in Business
· Overview of AI technologies in business
· AI for data mining and pattern recognition
· Machine learning algorithms for predictive analytics
· Natural language processing for business intelligence
· AI-driven decision support systems
Section 3: Integrating AI with Business Analytics and Intelligence
· Strategic integration of AI in business systems
· Case studies on AI and BI synergies
· Overcoming challenges in AI adoption
· The impact of AI on business reporting and visualization
· Best practices for AI and BI integration
Section 4: Advanced Analytics Techniques
· Advanced statistical models for business analytics
· Deep learning applications in BI
· Sentiment analysis and consumer behavior
· Realtime analytics and streaming data
· Predictive and prescriptive analytics case studies
Section 5: Ethical, Legal, and Social Implications
· Data privacy and security in AI and BI
· Ethical considerations in data use
· Regulatory compliance and standards
· Social implications of AI in business
· Building trust and transparency in analytics
Section 6: Future Trends and Directions
· The future of AI in business analytics
· Emerging technologies and their potential impact
· Evolving business models driven by AI and analytics
· The role of AI in sustainable business practices
· Preparing for the next wave of digital transformation
Objectives of the Book
· Provide a deep understanding of AI’s role in transforming business analytics and intelligence.
· Present strategies for integrating AI to enhance Decision-Making and operational efficiency.
· Address ethical and regulatory considerations in data analytics.
· Serve as a practical guide for executives, data scientists, and academics in a data-driven economy.
Important Dates
· Chapter Proposal Submission Deadline: 25 November 2024
· Full Chapter Submission Deadline: 31 January 2025
· Revisions Due: 4 April 2025
· Submission to Publisher: 1 May 2025
· Anticipated Publication: Winter 2025
Target Audience
· Business Professionals and Executives: Seeking insights to improve Decision-Making.
· Data Scientists and Business Analysts: Expanding their toolkit with AI and analytics techniques.
· Academic Researchers and Educators: Using it as a resource for teaching and research.
· IT and MIS Professionals: Enhancing their understanding of BI systems and data management.
· Policy Makers and Regulatory Bodies: Understanding the social and regulatory impacts of AI and analytics.
Keywords
· Artificial Intelligence
· Business Analytics
· Business Intelligence
· Data Science
· Decision-Making
Submission Guidelines
We invite chapter proposals that align with the outlined sections and objectives. Proposals should include:
· Title
· Authors and affiliations
· Abstract (200-250 words)
· Keywords
Contact Information
Dr. Miltiadis D. Lytras: miltiadis.lytras@gmail.com
Dr. Lily Popova Zhuhadar: lily.popova.zhuhadar@wku.edu
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I’m interested in section 5
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Game-changing AI: Adoption of gamer-inspired Innovations for Small and Medium Enterprise Business models
I'd love to hear from you all, when you see a topic like this what comes to mind?
What are the possible ways of going about the research?
I have decided to carry out this research based on the assumption that the gaming industry tends to be an early(earlier if correct) adopter of innovative technological advancements, in this case, AI tools and processes for either their businesses or their game developments, and even by gamers for marketing of their gameplay(examples such as ideation processes for content creation) and I am interested in how SMEs can learn from these practices to improve their business Processes.
All views will be welcomed and taken into consideration
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good
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Publishers: Emerald Publishing
CALL FOR CHAPTERS
Future-Proof: Innovative Approaches to Management and Digital Transformation in Modern Business
Editors
Dr. Miltiadis D. Lytras, Effat University, Saudi Arabia
Dr. Andreea Claudia Șerban, Bucharest University of Economic Studies, Romania
Dr. Patricia Ordóñez de Pablos, Universidad de Oviedo, Spain
Dr. Afnan Alkhaldi, Arab Open University, Kuwait
Dr. Sawsan Malik, Arab Open University, Kuwait
Book Description
In an era defined by rapid technological advances and shifting market dynamics, the need for digital transformation is essential for business sustainability. Future-Proof: Innovative Approaches to Management and Digital Transformation in Modern Business offers a comprehensive exploration of contemporary management theories and practices, emphasizing their alignment with digital innovation. This book equips business leaders, managers, and academics with actionable insights to embrace emerging technologies, enhance operational performance, and gain a sustainable competitive edge. It bridges theoretical foundations with practical applications, addressing crucial topics such as operational efficiency, digital engagement strategies, and anticipating future trends.
With case studies and best practices, the book offers readers a deep understanding of how digital transformation can become a cornerstone for resilience and growth.
Book Sections and Chapter Topics
Foundations of Modern Management
• Overview of Modern Management Theories
• Principles of Effective Leadership in a Digital Era
• Cultural Change and Digital Transformation
• Strategic Planning and Execution in the Digital Age
Enhancing Business Performance with Technology
• Leveraging Big Data and Analytics
• Innovations in Customer Relationship Management
• Digital Marketing and Social Media Integration
• Operational Efficiency Through Automation
Digital Transformation Strategies
• Blueprint for Digital Transformation
• Technology Adoption and Integration Challenges
• Case Studies: Successful Digital Transformations
• Measuring the Impact of Digital Initiatives
Future Trends and Sustainability
• Emerging Technologies and Their Business Implications
• Sustainability and Ethics in Digital Business
• Building Resilient Business Models
• Leadership in a Future Shaped by AI
Objectives of the Book
• Provide a holistic view of digital transformation’s role in enhancing business performance.
• Offer a practical framework combining traditional management with digital innovation.
• Highlight the critical importance of ethics and sustainability in digital transformation.
• Serve as a guide for business leaders and managers to effectively navigate digital transformation.
Important Dates
• Chapter Proposal Submission Deadline: 25 November 2024
• Notification of Proposal Acceptance: 5 December 2024
• Full Chapter Submission Deadline: 31 January 2025
• Revisions Due: 4 April 2025
• Submission to Publisher: 1 May 2025
• Anticipated Publication: Winter 2025
Target Audience
• Business Executives and Managers: Insights on strategic integration of digital technologies.
• Digital Transformation Consultants: Advanced strategies and best practices.
• IT Professionals and Technology Managers: Aligning technology solutions with business goals.
• Academics and Students in Business and Technology: Supporting education on digital transformation.
Keywords
• Digital Transformation
• Strategic Management
• Business Innovation
• Operational Efficiency
• Change Management
• Agile Management
• Internet of Things (IoT)
• Cybersecurity
• Sustainability
• Artificial Intelligence (AI)
Submission Guidelines
We invite chapter proposals aligned with the sections and objectives outlined in this CFC. Proposals should include:
• Title • Authors and Affiliations • Abstract: 200-250 words • Keywords
Contact Information
Dr. Miltiadis D. Lytras: miltiadis.lytras@gmail.com
Dr. Andreea Claudia Șerban:andreea.serban@economie.ase.ro
Dr. Patricia Ordóñez de Pablos: patriop@uniovi.es
Dr. Afnan Alkhaldi: aalkhaldi@aou.edu.kw
Dr. Sawsan Malik: smalik@aou.edu.kw
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It is an excellent topic to innovate and publish research on digital transformation in modern business.
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Call for Chapters
AI-Driven Knowledge Management: Strategies for the Modern Business Landscape
Important Dates:
Submission of Chapter Proposals: Ocotber 30, 2025 Full Chapter Submission Due: December, 10, 2025 Revisions Due: February 15, 2025 Publication: Q4 2025
Editors:
Professor Meir Russ Professor Emeritus, Cofrin School of Business, University of Wisconsin - Green Bay, USA Research Fellow, Dept. of Information Science, Stellenbosch University, South Africa Email: meir.russ@gmail.com
Professor Miltiadis D. Lytras Visiting Researcher, Effat University, Kingdom of Saudi Arabia Deree College- The American College of Greece, Greece Email: miltiadis.lytras@gmail.com
Introduction to the Theme:
The rapid integration of AI into business processes has revolutionized the way organizations manage, process, and leverage knowledge. This book aims to explore the intersection of AI and Knowledge Management (KM), offering insights into how AI-driven solutions can enhance organizational learning, decision-making, and competitive advantage for sustainable business success. The book, “AI-Driven Knowledge Management: Strategies for the Modern Business Landscape,” aims to serve as a comprehensive guide, providing both theoretical and practical insights on how AI technologies are transforming KM practices across industries in a continuously changing market landscape and commercial contexts.
Objectives of the Book:
1. Understanding AI in Knowledge Management: Analyze how AI technologies such as machine learning, natural language processing, and intelligent data analytics can enhance KM processes.
2. Exploring AI-Driven Business Strategies: Examine how AI-driven KM strategies can impact organizational decision-making, innovation, and business performance.
3. Case Studies and Practical Applications: Highlight successful implementations of AI in KM, drawing lessons from real-world examples.
4. Ethical and Managerial Implications: Discuss the ethical, managerial, and societal considerations of integrating AI into KM systems.
Indicative Topics:
We welcome chapters that address, but are not limited to, the following topics:
  • The Role of AI in Enhancing Knowledge Management Processes
  • AI and Knowledge Discovery: Techniques and Applications
  • Machine Learning for Organizational Learning and Knowledge Sharing
  • AI-Driven Decision Support Systems in Business
  • Ethical Considerations in AI-Driven Knowledge Management
  • The Impact of AI on Knowledge Retention and Transfer
  • Implementing AI for Knowledge Management in SMEs
  • AI Applications in Data Analytics for Knowledge Management
  • Case Studies on AI-Driven Knowledge Management Systems
  • The Future of AI in Knowledge Management: Challenges and Opportunities
Section 1: Foundations of Knowledge Management Theory
This section lays the theoretical groundwork for understanding knowledge management, covering the evolution, key theories, and foundational concepts that underpin KM practices in modern enterprises. - Evolution of KM theories - Key concepts in KM - Models of KM - KM life cycles - Theoretical frameworks for KM analysis - The role of organizational culture in KM success - Psychological foundations of knowledge sharing - Ethical considerations in KM
Section 2: Knowledge Management Strategies: Integrating KM into Business Strategy
This section focuses on the strategic integration of KM into business practices, discussing how KM aligns with overall business objectives to enhance organizational effectiveness and decision-making. - Strategic alignment of KM - KM and corporate governance - Role of KM in competitive advantage - Integrating KM into business models - KM for innovation and creativity - KM in change management - KM in crisis management - Measuring the impact of KM on business performance
Section 3: Best Practices and Case Studies: KM at Team, Organizational, and Inter-organizational Levels
Presents practical applications and real-world case studies of KM across different levels of organizations. This section showcases successful implementations and lessons learned from diverse industries. - KM in small teams - Organizational knowledge networks - Cross-organizational KM projects - Sector-specific KM case studies (e.g., healthcare, finance, manufacturing) - Challenges in implementing KM - KM in non-profit organizations - Cross-border KM strategies and challenges
Section 4: Tacit Knowledge Management
Explores the complexities of managing tacit knowledge—knowledge that is unspoken and unwritten, residing in the minds of employees and in the culture of the organization. - Identification of tacit knowledge - Techniques for capturing tacit knowledge - Tools to disseminate tacit knowledge - Tacit knowledge and organizational culture - Case studies on tacit knowledge conversion - Storytelling as a tool for tacit knowledge transfer - Mentorship programs as a means of managing tacit knowledge
Section 5: Foundations of AI in Business
Introduces AI fundamentals relevant to business contexts, explaining how AI technologies are developed and applied to support business functions and enhance operational efficiencies. - AI technologies in business - Developing AI solutions for KM - AI in decision support systems - Machine learning models for KM - Ethical considerations in AI applications - AI and Big Data: Opportunities for KM - Implementing AI projects: From planning to execution
Section 6: AI as a Catalyst for KM Business Performance
Discusses how AI acts as a catalyst for enhancing KM processes, focusing on AI-driven innovations that transform how organizations capture, process, and utilize knowledge for business performance. - AI-driven KM tools - Impact of AI on KM efficiency - AI in knowledge discovery and generation - Integrating AI with existing KM systems - Future trends in AI for KM - AI in knowledge dissemination and collaboration - AI-powered decision-making and analytics for KM
Submission Guidelines:
Interested authors are invited to submit a two-page chapter proposal outlining the chapter's goals, methodology, and expected outcomes. Proposals should be submitted via email to both editors by October 30, 2024. Upon acceptance, full chapters will be due by December 10, 2024. All submissions will undergo a double-blind peer-review process.
Contact Information:
Professor Meir Russ: meir.russ@gmail.com
Professor Miltiadis Lytras: miltiadis.lytras@gmail.com
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Hello I am interested in this chapter , as a lecturer of knolwdge management at misurata university .
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I've recently seen here high numbers of similar bots (one impersonating scholar with different name, sex and affiliation or in most cases pretending to be some female Asian post-grads and having some weird questions)
Did anyone has figured out what's the rationale? I have seen bots, I have not seen so far any clear scam, so wonder what's the motivation behind.
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Dear Marcin Piotr Walkowiak, It’s strange seeing these bots on RG pretending to be scholars. It's hard to pin down why they’re doing it. They might be trying to collect data, phishing for sensitive info, or just testing how well AI can mimic people. Some might simply be spammers or trolls with no clear purpose. Even though there doesn’t seem to be a direct scam, it’s best to be careful and avoid interacting with any suspicious profiles.
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Keeping up with scientific papers on almost any subject is now a daunting task since the number of papers published is increasing exponentially. For example, within 12 months of Covid-19 being named in February 2020, there were over 300,000 citations in Google Scholar and about 50 of those papers had already been retracted. Today there are over a million citations on the topic. It is just not possible to read them all and Covid is not an isolated example.
In part, the problem stems from a change in publication practice from long established subscription journals run by societies for their members to the professional long-established publishers selling bundled journal titles to libraries - in which publication is slow but free to the author, to a new business model where authors pay thousands of dollars to publish quickly on-line and where peer review is basic or non-existent. Alongside that has been the rise of media managers promoting papers from their institute as novel and important together with a pressure to “publish or perish” to justify grant applications and tenure.
Academic publishing is now a US$12 billion industry with a return on capital of about 40%. This has led to the selling of fake papers, selling co-authorships, manipulation of h-scores, and the rise of the so-called “paper mills” that sell complete papers and authorships online and probably are involved in money laundering. Scientists too are cheating with plagiarism, AI graphics and text.
How then do you judge the scientific merits of a paper you read and cite?
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I think that the main cause for this flood is the misuse of bibliometrics - counting publications, citations etc. to evaluate the work of individual researchers instead of looking at quality. See my reply to https://www.researchgate.net/post/About_metrics_for_classification_of_researchers and the links to more discussions therein.
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I want to know the business model of this website named "ResearchGate" and how they make money to run their website business.
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ResearchGate's freemium business model offers a free platform for researchers to share papers and collaborate. It generates revenue through premium services like job postings, advertising, and subscription-based features and analytics for researchers and institutions.
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As part of a capstone project, we are a group of graduate students researching innovations (technological or otherwise) that have the potential to transform the business model in American journalism. Our challenge is to propose ideas that make it more financially sustainable without sacrificing public trust. Much of our focus has been on advertising as the adjacent business and we also have been exploring different applications of AI, blockchain, etc., but are hoping to gain more insights generated by "out-of-the-box" thinking.
What innovations have you encountered that you think could help support a unique business like news? We will credit you for any new paths you might set us on!
Thank you.
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Hey Kirsten Brownrigg , there are a few innovative solutions and technologies shaking up the journalism business model. One biggie is subscription-based models, where readers pay for quality content. Then there's the rise of AI and machine learning, helping newsrooms analyze data and personalize content. Plus, crowdfunding platforms are empowering journalists to fund their work directly from their audience. So, it's a mix of tech and new ways of thinking that could really shake things up!
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What are the key aspects, benefits, and downsides of System Dynamics if applied to business model innovation for digital transformation?
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This inquiry seeks to explore the transformative effects of the Direct-to-Consumer (D2C) business model on the e-commerce industry. It aims to understand how D2C strategies have altered consumer behavior, distribution channels, and performance indicators such as sales growth, customer acquisition costs, and retention rates. The focus is on identifying shifts in market trends, operational challenges, and the overall impact on the competitive landscape of e-commerce.
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The adoption of the Direct-to-Consumer business model has had a transformative impact on the e-commerce industry, influencing consumer behavior, distribution channels, performance metrics, and the competitive landscape. As D2C brands continue to innovate and adapt to evolving market trends, they are likely to play an increasingly significant role in shaping the future of e-commerce.
  1. Consumer Behavior Shifts: D2C brands have revolutionized consumer behavior by offering personalized experiences, transparency, and convenience. Consumers now expect direct engagement with brands, seamless shopping experiences, and access to detailed product information. This shift has led to increased brand loyalty as consumers develop stronger connections with D2C companies.
  2. Distribution Channel Disruption: Traditional distribution channels, such as retail stores and third-party marketplaces, have faced disruption due to the rise of D2C brands. By bypassing intermediaries, D2C companies can maintain control over their branding, pricing, and customer relationships. This has forced traditional retailers to rethink their strategies and adapt to changing market dynamics.
  3. Sales Growth: D2C brands have experienced rapid sales growth fueled by their ability to reach consumers directly through digital channels. By leveraging social media, influencer marketing, and targeted advertising, D2C companies can effectively engage with their target audience and drive sales. This direct relationship with customers also enables D2C brands to gather valuable data and insights to inform product development and marketing strategies.
  4. Customer Acquisition Costs (CAC): While D2C brands may initially face higher customer acquisition costs compared to traditional retailers, they can achieve long-term cost efficiencies by building strong brand loyalty and repeat purchase behavior. By focusing on customer lifetime value rather than short-term profits, D2C companies can optimize their marketing spend and maximize ROI.
  5. Retention Rates: D2C brands prioritize customer satisfaction and retention through personalized experiences, exceptional customer service, and subscription-based models. By maintaining ongoing relationships with customers, D2C companies can drive repeat purchases and increase customer lifetime value. This focus on retention has become a critical success factor for D2C brands in a competitive e-commerce landscape.
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Hi,
I want to study sustainability in firms, particularly at MESO level. I want to explain these levels from a social science perspective. Which one do you propose?
Micro is within the firm and their direct consumers.
Meso is when firms apply business models and collaborate and value co-created.
Macro is a collection of Meso's at a larger scale region, national etc.
What social science theory I can use to explain these levels and the interaction between them?
Thank you.
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James S. Coleman ?
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I'm currently researching about the possible outcomes of implementing AI in the business model canvas framework. Considering it being such an amazing & simple tool to view & understand the state-of-the-art of a project, I'm worried it might become too complex or lose some of its characteristics/qualities. What do you think?
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To some extent.
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Hi professor
Which center do you recommend for postdoctoral or PhD research in the field of business sustainability? (Sustainable business model innovation, sustainable human resource management, sustainable leadership, sustainable corporate governance) I am looking for interested professors who have enough time and want to cooperate with them in this field? (with an emphasis on the approach of digital dynamic capabilities)
Thank you
Dr.Mohammad Kargar Shouraki
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I am not sure this could be the best sustainability study hub in the world, but for me it was an extraordinary experience: https://www.oxfordcollegeofmarketing.com/cim-courses/diploma-in-sustainable-marketing/.
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What are the opportunities for creating and improving sustainable business models, sustainable economic development strategies developed and implemented in business entities through the use of artificial intelligence?
In the context of the integration of business entities into the currently developing processes of green transformation of the economy, adding the issue of achieving sustainable development goals to the company's mission, implementing green technologies and eco-innovations that contribute to a decrease in the level of emissions in terms of greenhouse gas emissions, exhaust emissions and other pollutants negatively affecting the state of the environment, implementing green investments that reduce the level of energy intensity of buildings and economic processes, etc., the scale of opportunities for improving sustainable business models is also growing. The aforementioned sustainable business models are an important part of green business transformation, conducted in a company or enterprise. On the other hand, the scale of opportunities for improving sustainable business models applied to business entities can be significantly increased by implementing new ICT and Industry 4.0/5.0 information technologies into business, including but not limited to generative artificial intelligence technologies. Recently, the level and generic number of applications of generative artificial intelligence in various business fields of companies and enterprises has been growing rapidly. On the Internet, intelligent applications equipped with generative artificial intelligence technology are appearing in the open, which can be applied to the execution of complex and resource-intensive data and information processing, i.e. such activities that until recently were performed only by humans. In addition, intelligent chatbots and other intelligent applications that enable automation of the execution of complex, multi-faceted, multi-criteria tasks perform the aforementioned tasks in many times less time and with much higher efficiency compared to if the same tasks were to be performed by a human. The ability of tools equipped with generative artificial intelligence to intelligently execute the ordered command is generated by teaching it in the process of deep learning and applying advanced information systems based on artificial neural networks.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
What are the possibilities for creating and improving sustainable business models, sustainable economic development strategies developed and implemented in business entities through the application of artificial intelligence?
What are the possibilities for improving sustainable business models through the application of artificial intelligence?
And what is your opinion on this topic?
What is your opinion on this issue?
Please answer,
I invite everyone to join the discussion,
Thank you very much,
Best regards,
Dariusz Prokopowicz
The above text is entirely my own work written by me on the basis of my research.
In writing this text I did not use other sources or automatic text generation systems.
Copyright by Dariusz Prokopowicz
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In recent years, the concept of sustainability has gained significant attention in the business world. As companies strive to minimize their environmental impact and contribute to social well-being, the integration of artificial intelligence (AI) into sustainable business models has emerged as a promising solution. AI possesses immense potential for improving sustainability by enhancing efficiency, reducing waste, and enabling informed decision-making.
One possibility for creating and improving sustainable business models through AI lies in optimizing energy consumption. By analyzing vast amounts of data collected from sensors and smart devices, AI algorithms can identify patterns and suggest energy-saving measures. For instance, AI-powered systems can automatically adjust lighting or heating levels based on occupancy rates or weather conditions, resulting in substantial energy savings.
Furthermore, AI can play a crucial role in waste reduction and resource management. Through machine learning algorithms, businesses can accurately predict demand patterns and optimize production processes accordingly. This not only minimizes overproduction but also reduces excess inventory that would otherwise end up as waste. Additionally, AI-driven supply chain management systems enable real-time tracking of products' lifecycle, facilitating efficient recycling or disposal methods.
Another area where AI holds great potential is in decision-making processes related to sustainable practices. By analyzing vast amounts of data from various sources such as customer feedback or market trends, AI algorithms can provide valuable insights for businesses to make informed decisions regarding sustainable initiatives. This enables companies to align their strategies with societal needs while maintaining profitability.
In my opinion, the application of artificial intelligence in creating and improving sustainable business models is a game-changer. The integration of AI technologies allows businesses to harness the power of data-driven insights for achieving sustainability goals effectively. Moreover, it enhances operational efficiency by automating processes that would otherwise be time-consuming or prone to human error.
However, it is essential to acknowledge that there are challenges associated with implementing AI in sustainable business models. Privacy concerns regarding data collection and usage need to be addressed adequately to ensure ethical practices are followed. Additionally, the cost of implementing AI technologies can be a barrier for small and medium-sized enterprises. Therefore, governments and organizations should provide support and incentives to encourage the adoption of AI in sustainable business practices.
In conclusion, the possibilities for creating and improving sustainable business models through the application of artificial intelligence are vast. From optimizing energy consumption to waste reduction and informed decision-making, AI has the potential to revolutionize sustainability practices in businesses. However, it is crucial to address challenges such as privacy concerns and cost barriers to ensure ethical and widespread implementation of AI technologies in sustainable economic development strategies.
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Hello everyone,
I'm conducting research on the influence of business model disclosure on external financing status and earnings persistence among companies listed on the New York Stock Exchange (NYSE). My approach involves agent-based modeling. I'm encountering challenges in defining the game rules governing this simulation and would greatly appreciate guidance or references that could aid in establishing robust and valid game rules specific to this context.
Specifically, I aim to understand how the level or nature of business model disclosure might impact the financing behavior and earnings continuity of companies within the NYSE environment. Could anyone suggest academic papers, methodologies, or frameworks that might assist in formulating appropriate game rules and relevant agents for this agent-based model?
Thank you in advance for any insights or guidance you can provide!
Best regards,
Shahryar Tavangarzadeh
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Another paper called “Agent-Based Modeling vs. Cooperative Game Theory” by Klemperer and Bulow 2 compares an agent-based model to game theoretic results and data from human subject experiments. The paper presents an experimental approach to explore the placement of agent-based modeling on the descriptive-normative plane.
Additionally, a chapter titled “Agent-based Modeling for Financial Markets” by Lux 3 explores the use of agent-based modeling in finance and gives an overview of the development of stylized market models.
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Every single industrial enterprise has its own business model. They are the specific way an enterprise functions. In engineering we have 3d and 2d models which we design and develop and put into manufacturing. What is the knowledge that helps us along the way of first designing a business model of a new enterprise and then guides us into realizing this same business model by establishing a real enterprise with numerous of employees, buildings, machines, know-how to use it all and to realize the product we create according to our idea for a business model?
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Imo, Trifon Stefanov , it is all about identifying gaps to meet unmet human needs, i.e. the entrepreneurial spirit identifies these need gaps by multiple-loop learning. With respect to F.Hayek, the market process is therefore the best information system for entrepreneurial activity and not planned economic agency.
Kirzner's entrepreneur is a person who discovers previously unnoticed profit opportunities. The entrepreneur's discovery initiates a process in which these newly discovered profit opportunities are then acted on in the marketplace until market competition eliminates the profit opportunity.
_______
The essential quality of a market system, contrary to popular thinking, is not that it promotes greed; but rather, that it renders greed harmless.” Israel M. Kirzner
Conclusion:
Entrepreneurship is a specific learning process, circumventing existing knowledge.
___________
My goal was never to just create a company. It was to build something that actually makes a really big change in the world.
M. Zuckerberg
_________
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Let's discuss with more detail what is covered by a business model in an industrial enterprise. Starting by the purpose of us knowing it and diving down into what a TRUE business model should explain about a given enterprise.
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As you would know, a business model is a fundamental concept in the realm of industrial enterprises and all types of businesses. It outlines the core structure and approach of how an enterprise intends to create, deliver, and capture value. It serves as a comprehensive framework that includes various aspects, and it's crucial for understanding and managing the operations of an industrial enterprise. Here are the details of what a comprehensive business model for an industrial enterprise would ideally encompass:
1. Purpose of a Business Model:
The purpose of a business model is to provide a holistic understanding of how an industrial enterprise operates. It serves as a blueprint that guides decision-making, strategy development, and resource allocation. A well-defined business model should explain:
2. Value Proposition:
- What products or services does the enterprise offer, and what value do they bring to customers? This section should clearly outline the unique selling points and benefits provided.
3. Customer Segments:
- Who are the target customers for the enterprise's products or services? Identifying and understanding customer segments is vital for effective marketing and sales strategies.
4. Revenue Streams:
- How does the enterprise generate revenue? This section should detail pricing strategies, sales channels, and revenue sources.
5. Key Resources:
- What are the critical resources required for operations? This encompasses physical assets, technology, human resources, and other essentials.
6. Key Activities:
- What are the core activities that the enterprise must perform to deliver its value proposition? This includes manufacturing, distribution, and customer support.
7. Key Partnerships:
- Are there external entities or partners crucial for the enterprise's operations? This section should describe collaborations, alliances, and partnerships.
8. Cost Structure:
- What are the major costs involved in running the enterprise? Understanding the cost structure is essential for budgeting and profitability analysis.
9. Distribution Channels:
- How does the enterprise reach its customers? The distribution channels, whether direct sales, retail, online, or intermediaries, are important aspects.
10. Competitive Advantage:
- What sets the enterprise apart from competitors? This can include factors like technology, intellectual property, or operational efficiency.
11. Market Analysis:
- What is the current state of the market in which the enterprise operates? An in-depth analysis of the industry, trends, and competitors is critical.
12. Risk Assessment:
- What are the potential risks and challenges that the enterprise may face? Identifying and mitigating risks is essential for long-term success.
13. Growth Strategy:
- How does the enterprise plan to expand and grow? This should include short-term and long-term strategies for scaling the business.
14. Sustainability and Social Responsibility:
- In the modern context, addressing sustainability and social responsibility aspects is important. This includes environmental impact, ethical practices, and social contributions.
In short, a comprehensive business model for an industrial enterprise will cover a wide range of aspects, from the fundamental value proposition to market analysis, growth strategies, and considerations of sustainability and responsibility. It will serve as a guiding framework that will help the enterprise navigate the complexities of the business world, make informed decisions, and adapt to changing market conditions. Understanding and articulating this model is vital for the enterprise's success and longevity.
Hope this helps!
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Dear colleagues
I am desperately looking for free tools available for creating research business models. I have explored a few options, but most of them come with a hefty price tag. If anyone has any recommendations or suggestions for free tools that can assist in creating research business models, I would greatly appreciate it. Thank you in advance for your assistance!
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Creating research business models can be a critical step in developing a successful business strategy. While some tools come with a price tag, there are several free resources and software options available that can help you create and visualize your research business models. Here are some recommendations:
  1. Business Model Canvas: The Business Model Canvas is a popular tool for developing and visualizing business models. It's a free template that you can use to outline your key business components such as customer segments, value proposition, channels, revenue streams, and more. You can find free Business Model Canvas templates online or use tools like Canvanizer or Strategyzer's online canvas tool.
  2. Lean Canvas: Similar to the Business Model Canvas, the Lean Canvas is a one-page business modeling tool designed for startups. It focuses on key aspects like problem-solution fit, unique value proposition, and channels. You can use Lean Stack's free online tool to create Lean Canvases.
  3. Google Workspace (formerly G Suite): Google's suite of productivity tools, including Google Docs, Google Sheets, and Google Slides, can be used to create and collaborate on business models. You can design your business model canvas or use Google Sheets for financial modeling and projections.
  4. Lucidchart: Lucidchart offers a free version that can be used to create visual representations of your business models. It's a versatile tool that allows you to create flowcharts, diagrams, and more.
  5. Draw.io: Draw.io is a free online diagramming tool that can be used to create visual representations of your business model. It's user-friendly and offers a wide range of diagramming options.
  6. Creately: Creately offers a free plan that provides access to templates for various types of business diagrams, including business models. It's a collaborative tool that allows team members to work together on creating models.
  7. MindMeister: While primarily a mind mapping tool, MindMeister can also be used to create business models by organizing and connecting key business elements in a visual format. It has a free version with basic features.
  8. Pen and Paper: Don't underestimate the power of sketching out your business model on paper. Sometimes, a simple pen and paper can be the most effective and flexible tool for brainstorming and conceptualizing your ideas.
Remember that while these tools can help you create and visualize your research business models, the success of your business ultimately depends on the quality of your research and the validity of your assumptions. Additionally, consider seeking advice from mentors, business advisors, or academic institutions to refine your research and business model.
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Some days ago I received a review proposal from PLOS ONE...comments required within 10 days. Is this the standard time they expect for a proper review?
I've a lot of doubts...anyway..here below what I wrote when I decided to decline:
'Well, the paper totally fits in my research field but a review expected within 10 days is not affordable at all, included the fact that I would do it for free while you get money from authors. Your open access business model relies on free work of reviewers. I think it is not fair.'
What is your opinion?
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10 days is enough :)
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????
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The tool classifies your business needs into four types of key resources – physical, financial, intellectual, and human. Examples of physical resources include the facilities, buildings, vehicles, machines, and distribution networks needed to successfully operate your business.
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Please help me with this
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1. Introduction: Introduce the importance of circular business models in the fashion industry and how marketing plays a crucial role in it.
2. Background: Discuss the concept of circular business models and the benefits it has on the environment and the economy.
3. Literature review: Conduct a comprehensive literature review on marketing strategies for circular business models in the fashion industry, including best practices and case studies.
4. Theoretical framework: Develop a theoretical framework to explain how effective marketing can support the adoption and implementation of circular business models in the fashion industry.
5. Practical application: Provide practical examples and guidelines on how fashion businesses can effectively market their circular business models to customers, suppliers, investors, and other stakeholders.
6. Challenges and opportunities: Analyze the challenges and opportunities that fashion businesses face in marketing circular business models, including consumer behaviors, supply chain complexities, and regulatory issues.
7. Conclusion: Summarize the key findings and discuss the potential impact of effective marketing for circular business models to transform the fashion industry into a more sustainable and equitable sector.
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What are the key determinants of the possibility of building new high-tech microchip manufacturing companies?
What are the key determinants of the possibility of building new high-tech microchip manufacturing companies in a developing country where various new technologies are being developed but to date there are no high-tech chip manufacturing companies?
What type, what category of capital should a developing country have in order to be able to build its, nationally, a kind of new 'Silicon Valley', in which companies developing new technologies and basing their business models on new, highly advanced ICT information technologies and Industry 4.0 will function effectively?
Among the various factors of technological and developmental advantage of individual countries in terms of international comparisons, the possession of advanced technologies, including biotechnology, green energy technologies but also new ICT information technologies and technologies typical of the current fourth technological revolution, Industry 4.0 technologies, stands out. The possession of these technologies determines the possibilities for the development of many industries, including the manufacture of products that are increasingly produced as highly technological products equipped with, for example, microchips.
Microchips are no longer used only in computers, laptops, PDAs, tablets, smartphones, supercomputers built in research centres and further types of highly technological products, but also in white goods, consumer electronics, TV, motor vehicles, including cars, aircraft, military equipment, etc. and, more recently, in systems based on artificial intelligence being built and developed. Microchip production is associated with certain determinants for the development of other economic sectors as well. The production of microchips is a highly energy-intensive process. Therefore, it is also necessary to develop new, renewable and emission-free energy sources to supply electricity to, among other things, microchip production processes.
Currently, there are aspirations and research in many countries to identify opportunities for the development of advanced ICT and/or to create the conditions for the creation of a kind of next "Silicon Valley", including microchip manufacturing companies. As in the case of other industries, so in the case of new ICT information technologies and Industry 4.0, the key factors determining the possibility of building new companies producing advanced microchips include such basic categories of capital as financial capital, possession of research and development centres, science centres generating also the intellectual capital of the staff of employees, possession of modern lines and machine parks produced mainly by domestic industries, generating technological and production capital, with which industrial plants and companies included in technological sectors are equipped. However, this is not all that is required to build a thriving sort of new, next "Silicon Valley" and to be able to be at the forefront of the new ICT information technologies, Prezmysł 4.0, including the production of highly technological microchips. Perhaps among the mentioned key determinants of the development of technology companies are new specific business models, new styles of management, personnel management and motivation to create technological innovations. In addition, perhaps the key factors determining the development of technology companies should also include a highly economically efficient mix of flexible pro-development economic policies, including policies to support the development of science, scientific research, the development of research and development centres, policies to develop innovation; systemically developed highly efficient corruption-free financial support programmes from the state's public finance system; a friendly economic policy for the development of innovative startups; modern ownership models and shareholding structures of technology companies, research institutes and research and development centres, etc.
In view of the above, I address the following question to the esteemed community of scientists and researchers:
What type, what category of capital should a developing country have in order to be able to build its, nationally, a kind of new "Silicon Valley" in which companies developing new technologies and basing their business models on new, highly advanced ICT information technologies and Industry 4.0 will function effectively?
What are the key factors determining the feasibility of building new modern microchip manufacturing companies in a developing country where various new technologies are being developed but modern microchip manufacturing companies do not exist to date?
What are the key determinants of the possibility of building new high-tech microchip manufacturing companies?
What are the key determinants of the development of highly technological industries?
What do you think about this topic?
What is your opinion on this subject?
Please respond,
I invite you all to discuss,
Thank you very much,
The above text is entirely my own work written by me on the basis of my research.
I have not used other sources or automatic text generation systems such as ChatGPT in writing this text.
Copyright by Dariusz Prokopowicz
Best regards,
Dariusz Prokopowicz
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The development of highly technological industries is influenced by a variety of factors. Here are some key determinants that play a significant role:
  1. Research and Development (R&D): Investment in research and development is crucial for the development of highly technological industries. Companies and governments that allocate substantial resources to R&D activities can drive innovation, create new technologies, and enhance existing ones. R&D investment helps in the development of cutting-edge products, processes, and services, giving industries a competitive advantage.
  2. Skilled Workforce: The availability of a skilled and knowledgeable workforce is essential for the development of technological industries. Skilled professionals, such as engineers, scientists, programmers, and technicians, contribute to research, design, production, and maintenance of technology-based products and services. Access to quality education and training programs that focus on science, technology, engineering, and mathematics (STEM) disciplines is crucial for nurturing a skilled workforce.
  3. Infrastructure: Adequate infrastructure is necessary to support the development of highly technological industries. This includes reliable power supply, high-speed internet connectivity, transportation networks, research facilities, and incubation centers. A well-developed infrastructure enables efficient communication, transportation of goods, access to markets, and collaboration between industry players.
  4. Intellectual Property Rights (IPR) Protection: Strong intellectual property rights protection is essential to encourage innovation and investment in technological industries. Robust legal frameworks and effective enforcement of patents, copyrights, and trademarks provide incentives for companies to develop new technologies and ensures that they can profit from their inventions. Effective IPR protection fosters a climate of innovation, attracting investments and promoting technological development.
  5. Access to Capital: Adequate access to capital is crucial for the growth and development of technological industries. Investments are required for R&D, infrastructure development, hiring skilled professionals, and scaling up operations. Access to venture capital, private equity, government grants, and loans enables companies to fund their innovative projects and expand their operations.
  6. Collaboration and Networking: Collaboration and networking play a vital role in the development of highly technological industries. Collaborations between academia, research institutions, and industry foster knowledge transfer, encourage innovation, and enhance the development of new technologies. Networks and clusters of companies in related industries can create synergies, share knowledge, and facilitate the exchange of ideas.
  7. Supportive Regulatory Environment: A supportive regulatory environment can significantly impact the development of highly technological industries. Clear and favorable regulations can encourage innovation, ease market entry for new companies, and provide a framework for fair competition. Policies that promote entrepreneurship, ease bureaucratic burdens, and incentivize investments in R&D can foster the growth of technological industries.
  8. Market Demand: The presence of a strong market demand for technological products and services is a key determinant of industry development. Industries thrive when there is a significant consumer base or business demand for innovative technologies. Market demand provides the necessary incentives for companies to invest in R&D and bring technologically advanced products and services to the market.
It's important to note that these determinants can interact and influence each other. Successful development of highly technological industries often requires a combination of these factors working in tandem to create an ecosystem conducive to innovation and growth.
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Hello!
Following the completion of the national research on sports club business models, I am looking for collaboration opportunities to conduct research on sports club business models in other countries. I have conducted my research on volleyball clubs however I am not limited to this sport only.
If anyone has the possibility of access to conduct surveys - I am very open to future cooperation. I would also be happy to join an erasmus+ exchange cooperation (e.g. STA).
Best wishes!
Adam
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Hello, I can participate in the research if you wish.
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I am searching for theoretical support to explain the relationship between digital entrepreneurship and business model innovation of small and medium-sized enterprises.
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Hello Dereje Muleta, please check if the below mentioned article is of your interest?
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What are the most promising new business models and financing mechanisms for sustainable agriculture, and how can we scale up successful models to support more farmers and communities?
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Community Supported Agriculture (CSA): CSA is a model in which consumers pledge to support a local farm by purchasing a share of the farm's harvest in advance. This provides the farmer with a guaranteed market, while consumers receive fresh, locally grown produce.
Agroforestry: Agroforestry involves integrating trees into agricultural landscapes to create a more sustainable and diverse system. This can help reduce the need for synthetic inputs, improve soil health, and provide additional income streams from timber, fruit, or nut production.
Regenerative Agriculture: Regenerative agriculture focuses on rebuilding soil health and biodiversity, improving water management, and reducing greenhouse gas emissions. This can be done through practices such as cover cropping, reduced tillage, and rotational grazing.
Impact Investing: Impact investing involves investing in companies or projects that have a positive social or environmental impact, in addition to generating a financial return. This can be a promising mechanism for financing sustainable agriculture projects.
Microfinance: Microfinance involves providing small loans to farmers or agricultural cooperatives to help them start or expand their businesses. This can be a crucial source of financing for small-scale farmers who may have difficulty accessing traditional bank loans.
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The OI process revolves around new form of knowledge inflows and outflows that accelerate interior innovation and expand the markets for the external use of innovation. OI within the public sector is an umbrella term that describes processes, outcomes, and business models of a new form of innovation creation.
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Because of the trade-offs between various values, it is crucial to approach public sector innovation from a multi-value perspective in addition to a multi-stakeholder one. So, the topic of how to boost the legitimacy and confidence in government is also tied to public sector innovation. In addition to values like effectiveness and efficiency, responsiveness and trust are also related to innovation, and this makes the innovations being pursued appropriate.
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In a systemic crisis like today, why pay to publish?
Nowadays, knowledge transfer must be a source of survival, not a business model.
How to transfer knowledge with digital tools and media?
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Cecilia Calderon, further my last post, two articles that address the issue of knowledge transfer are:
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What is the relationship between digital entrepreneurship and business model innovation?
SMEs can be research samples?
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Basically, Entrepreneurs can commercialize their innovative new products and so dynamize the economy and it's good step towards better established country. In order to maintain long-run economic growth, the companies in the economy need to have motivation for product and process innovation and for entrepreneurial activities.
And yes, it can be a research sample, even it would be appreciated.
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Today every one talking of Innovation and startups. Every country, via institutional mechanism  have more focused plan for Innovation and startup. I feel it impact the Scientific Research ecosystem. Once the stage off, it will hard to reverse. Please share your suggestion on how innovation impact the pace of scientific research.
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Last week, a Nature editorial explored the possible reasons for why disruptive science seems to have plummeted over the last 50 years — and asked whether it matters...
Many respondents highlighted how funding systems favour scientists who aim for incremental advances — research that is likely to produce publishable results — rather than ‘blue sky’ projects with uncertain outcomes. And the ever-increasing administrative burden leaves little time to think. Others weren’t so sure that less innovation is a bad thing. “Disruptive science might also mean that everyone is exploring super wacky ideas, which is possibly a waste of resources...
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I'm currently working in germany for a medium-sized mechanical engineering company on business process modeling with BMPN 2.0 end-to-end. That was a very laborious process. Now there are decisions to be made. How to proceed with a digital transformation. Not only the paperwork is considered here, but also the integration of machines. Sales are still struggling. What experiences have you had with such projects? What suggestions can you give me?
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Hello,
In my practice, I've notice the usage of standard tools for process description enhances discussion and knowledge sharing more easily than other approaches.
A few explanations could be the acceptance of the authority of an approved standard, the lower barrier of entrance with free tools and training, the availability of a certification path for professionals.
Mind you, BPMN alone is not enough to describe the business practice: decision modeling with DMN and CMMN, system analysis with COBIT, data models and API using UML, performance indicators, and many others, are a few of the concepts I use in my 'knowledge toolkit'.
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I am searching for theoretical background and variables related to "Digital entrepreneurship: innovative business models for small and medium enterprises (SMEs)". I am looking for support.
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Please review the following attachment
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I am a student and currently searching for a research topic in the area of Online Platforms, it can be from a marketing perspective, how to market a platform, can from a management perspective, also can from a startup perspective, and the initial approaches on solving chicken and eggs problems.
If you could point me to the current hot research topics of Online Platforms, that'd be great.
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Dear Ruolei Shen,
I propose the following research topic in the field of establishing and developing Online Platforms: Analysis of the possibility of building multi-criteria simulation models in which, with the help of digital twin technologies, Big Data Analytics of data obtained from the Internet, artificial intelligence and other Industry 4.0 technologies, the potential economic effects and the usefulness of newly established startups whose business model would be based on a new online portal of the Online Platforms type with the assumption of profiting from the activities carried out as part of Internet marketing. For example, the analysis of multi-criteria, computerized simulation could concern the economic analysis of the potential establishment of a new type of Internet social portal that would respond to the new needs of Internet users, would offer a new type of currently missing information services that would be available to portal users free of charge, and the portal would earn money on Internet marketing conducted in the formula of viral marketing and Real-Time Marketing using new technologies, Industry 4.0. I hope that I helped with the selection of a current, developmental and future-oriented topic for my thesis.
Kind regards,
Dariusz Prokopowicz
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What are the limitations of the Resource Based View (RBV) Theory of the firm?
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limitations of the Resource-Based View
Like most theories used in business, the resource-based view has its share of criticism. For example, it can be difficult to determine the appropriate level of analysis due to the broad definitions of resources. Furthermore, certain types of resources, such as a company's reputation or knowledge, are subjective. Managers must also consider the fact that heterogeneity doesn't necessarily imply uniqueness.
While it's true that a firm's resources are important, they are not the only factor behind business growth and performance. Regulatory policies, strategic planning and other aspects matter too. Another potential issue is that new technologies and trends are emerging every day and may have a dramatic effect on your key resources.
Researchers also state that valuable resources don't necessarily provide a competitive advantage. The global economy and other external factors may have a greater impact under certain circumstances. For example, even if your software program is valuable, rare and so on, customers may still want a less-advanced product that comes with a lower price tag during economic downturns. Additionally, your competitors may offer a completely different product that yields similar results in terms of efficiency.
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Hello,
I have a background in sustainable business model innovation / circular economy but have spent the last 5 years or so working on a project focused on airport noise management. I am looking to get up to speed on what I might have missed and I'm wondering what people think is the essential academic literature on these themes in the past 5 years or so.
Any advice much appreciated!
Thanks,
Graeme
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Hi Graeme,
Here below are some great links of journal papers published during the last 5 years discussing your research interest, hope this helps, good luck with your future enterprises.
Best wishes,
Sofiane
1. A definition and theoretical review of the circular economy, value creation, and sustainable business models: where are we now and where should research move in …
T Lahti, J Wincent, V Parida - Sustainability, 2018 - mdpi.com
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Blockchain is one of the most influential technologies of the last century, a century that has the potential to disrupt business models in a wide range of industries such as finance, supply chain management, logistics, business, value creation and basic tasks such as marketing, accounting. has it
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Blockchain technology is not only changing the way digital marketers buy ads; it's also providing new opportunities for small businesses. The security, transparency and convenience of blockchain will change how companies do business online – including making their social responsibility more apparent to customers.
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Dear researchers,
Do you have experience on digitisation of urban energy system? If so, please leave some comments on below three questions. Many thanks!
  1. What are the limitations of digitisation of urban energy system in your projects, from aspects of data, coordination, capacity, finance, risks and so on.
  2. What are the feasible business models derived or based on digitisation of urban energy system in your projects?
  3. What are the main barriers for digitisation of urban energy system in your projects, and what are potential solutions?
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Many thanks@Deep for your comments. They're all in line with our knowledge in house. Would appreciate if there's more specific challenge or gap etc.
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What are the main papers related to the freemium business model (in the perspective of gaming industry, especially MMORPG)?
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https://www.researchgate.net/publication/358008606_Customers'_Retention_on_Freemium_Platforms_-_An_Empirical_Analysis_of_the_Factors_Influencing_the_Termination_Rate
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Hi there, I am submitting my topic for my masters thesis next week and after lots of research I am interested in doing de-internationalization. I feel this is a relevant topic due to COVID-19 and Brexit. I am interested in doing qualitative research with a case study approach (either single/multiple).
The following are my potential research questions.
Benefits/downsides of de-internationalization?
What are the implications of de-internationalization on the firm’s business model?
Which parts of the firm’s business model are affected most, how and why by de-internationalization?
I am however struggling on what industry to investigate and I feel I need to find a scope on how to make it more concise as since it is only a masters thesis. Any suggestions/feedback would be great appreciated. Thanks!
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J. Rafiee
Thank you for your detailed response. I looked into the company you suggested and I think they would be an interesting study to undertake. I appreciate your feedback and comments. When you say that the topic and questions are too difficult, do you think this is too much of a broad subject for a master's thesis?
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Sustainability transitions and business models for sustainability to offer new insights into how business model innovation may act as a catalyst for system-wide sustainability transitions.
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Check...
Article Value Cycles for Development Outcomes
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Hello,
i don't quite understand what difference there is between the term business logic and business model. Are they used synonymously? I know of only one source that says a business model is a business logic when the supply, value creation, marketing and revenue are aligned from a theoretical perspective. Accordingly, one speaks of supply logic, value creation logic, marketing logic and revenue logic.
Is this correct?
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As I see it, business logic is the way in which the organisation gathers and analyses information that will enable decision makers to implement the business model. i.e. ensure that the decisions taken are supported by information -- the effectiveness of the model can be measured.
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How does business model of a firm influence its organizational structure? Any pointers are highly appreciated. Thanks a lot.
Does the business model get defined based on the structure? I doubt it, but just checking for any exceptions.
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You are probably familiar with the famous 'structure follows strategy' claim, coined by Chandler (1962). Let me then add 'strategy follows business model'. Hence, 'structure follows strategy, which follows business model'. So the organizational structure is contingent on the choices you make to win, which are in turn shaped by the business model you have previously chosen.
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What kind of scientific research dominate in the field of Business Intelligence?
What are the important topics in the field: Business Intelligence?
Business entity management processes are more and more often supported by computerized Business Intelligence platforms that facilitate multi-criteria analysis and reporting.
Probably in the future, the business analyst will be supported by artificial intelligence.
It would be a great advance in the field of automation and objectification of multi-criteria economic analyzes of business entities.
Complex, multi-criteria analyzes regarding the verification of large companies' operations require aggregation and analytical processing of large data sets in Big Data database systems.
However, in what direction will technological progress be realized in this field?
In the future, as part of the progressing computerization of analytical processes, it will be possible to implement artificial intelligence to the processes of analyzing large collections of information collected in Big Data database systems.
Apparently, we are now living in the era of the fourth technological revolution, known as Industry 4.0.
The previous three technological revolutions:
1. The industrial revolution of the eighteenth and nineteenth centuries, determined mainly by the industrial application of the invention of a steam engine.
2. Electricity era of the late nineteenth century and early twentieth century.
3. The IT revolution of the second half of the twentieth century determined by computerization, the widespread use of the Internet and the beginning of the development of robotization.
The current fourth technological revelation, known as Industry 4.0, is motivated by the development of the following factors:
- artificial intelligence,
- cloud computing,
- machine learning,
- Big Data database technologies,
- Internet of Things.
On the basis of the development of these IT instruments and technologies, business analytics of companies such as Business Intelligence and the above-mentioned areas have been dynamically developing in recent years.
In view of the above, I turn to you with the following question: In what direction will the current technological revolution, known as Industry 4.0, develop?
Please, answer, comments. I invite you to the discussion.
Dear Colleagues and Friends from RG
Some of the currently developing aspects and determinants of the applications of data processing technologies in Big Data database systems are described in the following publications:
I invite you to discussion and cooperation.
Best wishes
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Mutual trust and respect.
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What kind of scientific research dominate in the field of Ethics and good practices in business?
Please, provide your suggestions for a question, problem or research thesis in the issues: Ethics and good practices in business.
Please reply.
I invite you to the discussion
Best wishes
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Dear Raya Al-Naimi,
Yes, that's right. Ethics is a set of rules, written or unwritten, that can be of significant importance to consumers of products and services. If this is the case, then producers, service providers, traders take these issues into account in running their enterprises, companies, etc.
Thank you, Regards,
Dariusz Prokopowicz
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Edupreneurship is the connection between digital education, teacher training and entrepreneurship. When teachers begin to develop their own educational practice with the mindset and methods of an entrepreneur, new forms of teaching will emerge. These teaching innovations will leave the classroom and lead to new educational products or business models, because entrepreneurs want to sell and disseminate their ideas. The education system is being renewed from within. Unfortunately, there are hardly any studies or concepts on edupreneurship. Can you help? I am looking for suggestions, projects or literature on this topic.
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Might be slightly off topic. Please see the paper below on implementing digital training in manufacturing. Interestingly, we have started doing the classroom based training again but utilise the digital training as a prerequisite to classroom based training, so that we can gauge the overall understanding the individuals already have prior to the classroom based learning approach.
I suppose this is an example of what you are talking about. We looked at what educational institutes were doing, during the pandemic to teach students. We had a similar issue as we didn't want to put on classroom based training due to the close quarters environment associated with classroom based learning so in the short term created digital training which can be utilised anywhere i.e. home, office, shop floor and at any time.
Hope this might be of some use.
Best Regards
Martin
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There is little doubt that blockchain technologies will have a great impact on business processes and business models. In the sense of brainstorming and collecting ideas: What are the links between sustainability management and blockchain technologies?
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the fin tech sustainability linked with many practices in the field of kortisinate and blockchain
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In which areas of economic activity, in which branches of the economy, what offer of products or services is currently offered in your country the most startups or other small companies, enterprises from the SME sector?
Please reply
Best wishes
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In recent years, in the country in which I operate, there are many startups operating in new ICT information technologies, in the use of Industry 4.0 technology and engineering technologies for the production of components and prefabricates, etc. In addition, many startups are also created in the field of e-commerce, selling various products via the Internet, and providing new information services on smartphones. And in which sectors, branches of the economy and / or fields of economic activity are many startups established in your country?
Please reply,
Thank you,
Regards,
Dariusz Prokopowicz
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In my opinion, the scope and possibilities of business cooperation with the world of science are constantly growing, especially in the areas of technical sciences, biotechnology, energy, materials science, information technology, ecology, etc. and in the development of innovations, patents and inventions created in various fields of technology, technology, etc.
Do you agree with me on the above matter?
In the context of the above issues, the following question is valid:
Does the scope and possibilities of business cooperation with the world of science increase or decrease?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
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Hi Dr Dariusz Prokopowicz . It increases continuously with time.
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I am currently investigating the topic of internet business models , in particular internet intermediaries. The details that i cam across so far are a bit outdated and i appreciate any direction to modern literature and also framework and models to shape outcomes in this area.
Regards
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Dear Network, I am currently writing my master thesis on the impact of COVID-19 pandemic on business model innovation. Watch the video for a brief summary of what to expect: http://tiny.cc/6zy9uz.
I am reaching out to you as I need your support! I am conducting a survey (language: English, German) for which I need participants. I am looking for people from top management, innovation and R&D managers or people who otherwise have an influence on their company's innovation activities.  The survey will take max 10 min and I am eternally grateful, plus I will send you the results if you like. I hope you will help me to complete my thesis successfully.
Start SURVEY: http://tiny.cc/5zy9uz Thanks a million and best regards, Teresa Reidt
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Dear Ms. Reidt!
I am a HUN& FIN researcher of supply chain management education. I have filled in your questionnaire: you are welcome! Please see here below further resources you may find useful:
1) Elias Pekkola, Taru Siekkinen, Emmi-Niina Kujala, Jari-Pekka Kanniainen & Harri Laihonen (2021): An assessment of COVID-19’s impact on Finnish University Leadership, Knowledge Management Research & Practice, DOI: 10.1080/14778238.2021.1906773 Free access:
2) Andrea S. Patrucco et al. (2021). The impact of Covid-19 on innovation policies promoting Open Innovation R&D Management, Early View, 23 July, 2021, Free access: https://onlinelibrary.wiley.com/doi/full/10.1111/radm.12495
3) LUT University (2021). Education project: Open Innovation Platform for University–Enterprise Collaboration: new product, business and human capital development (OIPEC), Start date: 01.01.2018, Please contact: Prof. Marko Torkkeli - marko.torkkeli@lut.fi You can see further details at: https://research.lut.fi/converis/portal/Project/10345831?auxfun=&lang=en_GB
Yours sincerely, Bulcsu Szekely
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What research data is available/known (e.g. papers, surveys, simulations, data sets, etc.) on modelling a Business Enterprise finances (Microeconomics) based on mapping its Financial Elements (like Asset, Debt, Equity, Income, Expenses, etc.) to the concepts of natural laws of Physics (like Mass, Energy, Force, Momentum etc.)?
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Thank you Mr. Gruenwald, there have already been developed several methods on applying statistical physics on stock market. But that´s not what I am inquiring. The question here aims at researches on modeling and managing the financials of a Corporate Enterprise (focusing on microecomics company, not on macroeconomical financial markets) based on laws and concepts from natural Physics (e.g. by defining rules corresponding to those, setting-up contracts accordingly, measuring KPIs referenced to those, establishing governance appropriately, etc. ...).
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From the realm of strategic management - is it still the golden standard to analyze the indust using Porter’s 5 Forces, then using this to select a “generic strategy” I.e: cost-leadership strategy, differentiation strategy, or focus strategy? Or within today’s world of digital business models and blended markets, are there different ways of analyzing and then electing a corporate strategy?
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Porter 5 Forces Model, has been adapted to 6/7/8 forces, but the essence of the model is still extant in most Strategic Management books. In fact, all other models should be used holistically to identify the Strategic SWOT of the Organization. Porter 5 Forces or 6/7 Forces in addition to PEST, Industry/Competitors' Analysis adds strength to identifying the O&Ts in the Strategic SWOT. In fact, all the additional new changes in technologies, workplace environment, Types of leaderships/motivational/engagements theories adds to the composition of a SWOT. The Strategic SWOT coupled with the Ansoff Model in weighting/scoring will facilitate identifications of key areas in SWOT to mitigate/strengthen/upgrade to develop organizational competencies. So in summary I will not say Porter's or for that matter, all other models should be adapted/coupled to get the most appropriate within the context of organization/industry.
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Dear Colleagues,
Which biases / measuring errors do I have to address when doing a survey, where the independent & dependent variable is collected via the same questionnaire from one person?
I already addressed common method bias by integrating a marker variable.
In particular any other biases / measuring errors I can address when setting up the questionnaire (like the remedy for common method bias with the marker variable)
Many thanks in advance!!
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It is unavoidable to have biases in our research. However, as long as we mention our limitations and define the scope of bias in our study, good research may impact our learning community.
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What are your thoughts about the CE model and how has the adoption of this business model contributed positively or negatively to homes, firms or countries most especially during the pandemic.
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The CE model is the only way we have as a society to balance the complex equation of accomplishing profit and sustainable development with minimal environmental harms, which have proved to have the power to cause a global pandemic. We must stop underestimating the effect we have on the environment and how it responds to us.
The adoption of this model has made a full positive contrbution to homes, firms and countries during the pandemic: the adoption of this model brought a decisive, fundamental structural change to the dynamics of how we live and how we run businesses in favour of a more sustainable world. It will all depend on people habits, firms strategies and government policies to make it work successfully in order to prevent the potential generation of new global crisis.
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Does the development of data processing technology in Big Data database systems and other technologies developed in the field of technological revolution Industry 4.0 generate new business management concepts?
At present, in the age of the technological revolution known as the 4.0 industry, new technology management or Internet-based companies are emerging.
The technological revolution in recent years, known as Industry 4.0, is motivated by the development of the following factors:
Big Data database technologies, cloud computing, machine learning, Internet of Things, artificial intelligence.
Added to this is the development of data processing analytics in Business Intelligence enterprises, the development of life science technologies, biotechnology, eco-innovation, energy, medical intelligence, etc.
On the basis of the development of the new technological solutions mentioned in recent years, the processes of innovatively organized analyzes of large information collections gathered in Big Data database systems dynamically develop.
In the context of this problem, many questions arise:
What other technological improvements, innovative organizational, technical and IT solutions will be developed in the future based on the development of the above-mentioned factors?
What kinds of innovations will be able to be created in the coming years, in the future based on the integration of the above-mentioned main determinants of the development of the current technological revolution known as Industry 4.0?
What kind of new categories of added value may be created in the future if the above-mentioned technological solutions are more involved in the creation of biotechnological, ecological, product and other innovations.
Will new technologies be created in this way, with the help of which it will be possible to generate solutions to the problems of excessive exploitation of Earth resources in the process of civilization development?
Do business management processes play a particularly important role in the context of the effective functioning of business entities in currently developing economies based on knowledge, information and technology?
Is e-management a new concept of managing virtual enterprises or rather managing online technology companies?
Are new management concepts of innovative enterprises and start-ups based mainly on knowledge, information, entrepreneurship and creation of innovations?
Does the development of data processing technology in Big Data database systems and other technologies developed in the field of technological revolution Industry 4.0 generates the emergence of new business management concepts?
Please reply. I invite you to the discussion
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Dear Hermann Gruenwald,
Thank you very much for your response. Your answers are always very valuable, inspiring, factually accurate and bringing great added value to our discussions.
Thank you, Best wishes,
Dariusz Prokopowicz
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Much has been said and written about microgrid, but there is still no clarity on what the business model and the legal framework that make them viable should be. Within this new scenario, what will be the role of distribution companies ?.
Certainly, we are in a technological, political and economic environment that demands innovative solutions. I would like to start a collaborative discussion on this subject, with the aim of sharing the views of researchers from different places in the world.
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Thanks for the comments. This is an extremely current and relevant topic.
In principle, it seems that when there is a "single owner", microgrids can be better inserted (technically, economically and socially). For example, university campuses, industrial centers, etc.
When we look at residential condominiums and multi-user areas, the task is not easy. First, because of the different points of view regarding energy pricing. In theory, microgrids provide 'better quality energy'. Therefore, consumers willing to pay for this quality are needed.
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Dear peers,
we are all aware of inefficiencies and waste (time, material, talent) in the Architecture, Engineering and Construction (AEC) sector. We also do know that we need to increase overall productivity and quality while reducing costs. But is it possible in the "status quo", using existing processes, materials and tools?
New technologies have demonstrated technical feasibility in R&D (both in Academia and Industry). Yet, there seems little demand from the market itself. How is that - are we lacking appropriate business model design, technology transfer capabilities or modes of open innovation?
Do we need entrepreneurship for these new technologies in construction?
Happy to hear your opinion!
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Yes, we need entrepreneurship for new technologies in construction. Construction is one of the booming sectors in the economy. Activation of entrepreneurship in the construction sector is an important element of social and economic policy. Yes, we need entrepreneurship for new technologies in construction, especially in the field of green construction technologies, creating new pro-environmental construction technologies, new types of energy-saving building materials in order to develop sustainable construction.
Best regards,
Dariusz Prokopowicz
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Unethical practices in business constitute a negative aspect of business processes and often generate additional costs for contractors and consumers. On the other hand, the scale of the gray market in the national economy is often correlated with the level of fiscal burdens and the quality of legal regulations regarding the commencement of business activities.
The high share of shadow economy in various branches of the national economy is also lower income from taxes and fees to the central state budget and to local budgets of local government units.
High fiscal burdens and imprecisely formulated legal regulations regarding running a business activity apart from generating a high level of gray economy in the economy may also be a source of unethical practices used in business between contractors or between producers and suppliers of products and services and consumers.
The large scale of the shadow economy in the national economy and the applied unethical practices in business is one of the key factors in the imperfections of the country's economic system.
According to the above, the current question is: Does the scale of occurrence of unethical practices in business correlate with the size of the shadow economy in national economies?
Please, answer, comments. I invite you to the discussion.
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In my opinion, the use of unethical practices in business, failure to apply the principles of business ethics, failure to apply the principles of corporate social responsibility may be significantly correlated with the scale of the development of the shadow economy in individual industries and sectors of the economy.
Best wishes,
Dariusz Prokopowicz
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Business model development, government regulations, purchase based incentive policies are motivators of e-buses adoption.
However, the reality of implementation in Europe is different from that of South America. What would be the main influential variables?
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,
The main barriers to the implementation of electric buses in emerging countries include the limited budgets of public funds of local governments allocated for environmental purposes, for the development of electromobile means of public transport. In addition, lobbying for local companies that provide services to companies and citizens using internal combustion motor vehicles. Another factor limiting the development of electromobile public transport is the lack of a developed infrastructure necessary for the effective functioning of electromobile motor vehicles, including electric buses.
Best regards,
CA DR GAURAV BHAMBRI
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What is a business model? What comes to your mind when you come across the word business model. Managers must have a clear understanding of the business model to formulate a strategy. That's why we need to develop a simple explanation of the business model.
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Perfect business model is one which helps you to do effectively what you want as to beat or achieve the perfect goal...
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I am researching about Product-as-a-service (PaaS) circular business models in the B2B as well as B2C context. Currently, I am still looking for companies that have successfully established the PaaS model in their business. So far, I only came across the well-known industry examples (e.g. Rolls-Royce, Philips, Michelin, Xerox, Ricoh, etc.) which are all from the B2B sector.
Do you know any companies in the B2C sector that have transformed from a linear product-selling business model to a PaaS model or companies (e.g. Start-Ups) that started their business based on the PaaS model? So far I only know some companies in the fashion industry (e.g. MUD Jeans or luxury renting services). In case you know more examples from other industries, please let me know.
In case you have other examples from the B2B sector in mind not mentioned above and which are interesting to investigate, please also reply to this post.
Thank you for your support!
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You can meet 2 further examples from the mechanical engineering industry in the AFSMI Webinar on 28.04. https://www.afsmi.de/veranstaltung/3-jetzt-anmelden-webinar-am-28-april-2021.html . There are more like Trumpf, Wärtsilä, Dieffenbacher, Krauss Maffei, etc. On the B2C side there are subscription type offerings in the health-care sector or numerous Apps (with or without fee) for your smartphone. You will also find more examples by visiting Zuora website. A company which proposes a software to enable such businesses in B2C and B2B.
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Does technological innovation bring about the improvement of social productivity, and then there is corresponding business model innovation and management practice innovation? For example: due to the emergence of Internet technology, there are Internet enterprises with business models like Amazon and Alibaba. In other words, is technological innovation the key to solving problems and social development ?
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Dear, Brown Brown
Very interesting question.
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By the mid-1990s, in consequence of the Information Revolution (ca. 1980–2000), the role of information and communication technology in organizations had grown to such an extent that one could already discern first-level impacts on organizational configuration, organizational culture, business strategy, management processes, work, and workplace. What might be second-level impacts on organizations (e.g., business models, creativity and innovation, psychological contracts) from the ongoing Digital Revolution (ca. 2000s–)? What implications might there be for the nature of organizing, the quest for the agile organization, leveraging information and communication technology for agility, and agility and leadership?
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Considering that the new technologies used in the automation of production in industry and services make extensive use of information and communication technologies, the changes brought about by the latter are considerable. In many cases, the human factor seems to be only marginally taken into account. It is very often up to man to adapt to the machine, whereas one might think that the machine is there to facilitate human work...
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  • Business Critical failure indicators CFI
Multinational organizations as well as SME or any type of business organization for that matter share the same principle which is succeed. However success is not usually the end result due to XXX factors either internal or external or else, they all have left the business opportunity to other competitors or any other reason of such.
Below is a small list i picked from the net about these companies that really got my attention because they all shared greatness in their days and completely got cast away afterwards:
1- Kodak
2- Nokia
3- Xerox
Therefore, i would kindly solicit the help of anyone who thinks he has a close as possible answer (CFI's) that he/she could foresee before the their business ends up in a failure, what could be the possible way, approach or strategy that might help, and how to separate the right CFI from the wrong one.
Thank you in advance for your answers.
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Pareto's principle can be applied for evaluation.
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Currently, I'm trying to analyze one Chinese firm. For that my need to identify that company business model. This firm is not so much popular. so, right now the problem is my need to identify that company's business model but I don't know how to do it. My problem is:
1. How to identify or find out one company's business model?
2. What is the difference between business strategy and business model?
Please share your idea and recommendations with me.
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SaaS product is an end to end marketing analytic system (web-application), providing B2B services. Company I’m working with uses a default monetisation model, which is subscription. In addition, this model is divided into different tariffs depending on the delivered number of features.
The question is:
How to calculate price for different tariffs? What can it depend on?
And how to calculate the value of each feature?
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