scholarly journals Circular Business Models for the Bio-Economy: A Review and New Directions for Future Research

2019 ◽  
Vol 11 (9) ◽  
pp. 2558 ◽  
Author(s):  
Wiebke Reim ◽  
Vinit Parida ◽  
David R. Sjödin
Keyword(s):  
Business Model ◽  
Business Models ◽  
Scientific Journal ◽  
Future Research ◽  
Successful Implementation ◽  
Journal Articles ◽  
Business Model Canvas ◽  
Forestry Sector ◽  
New Directions ◽  
Future Research Directions

Circular and bio-economy represents a political and industrial initiative to ensure that our society can rely on renewable biological sources while achieving economic growth. However, there is a need to critical review how realistic and feasible such initiatives are towards fulfilling the promised benefits of this economy. The literature on bio-economy often discusses the importance of innovative business models and their role in a successful shift to a bio-economy. Still, much of the discussion that is related to circular business models is fragmented and immature. Therefore, the purpose of this study is to conduct a systematic literature review of circular business model activities and the barriers to a bio-economy. Further, this review provides future research directions for a shift to a bio-economy. This study is based on a systematic review of 42 scientific journal articles and book chapters on a forest-based bio-economy. The business model canvas is used to provide a structured aggregation of the existing circular business models activities being used by the forestry sector. In addition, we develop a framework that describes the barriers to bio-economy-based circular business models and suggest new directions for future research. The study highlights the need for alignment among the elements of a business model as a key condition for its successful implementation in a bio-economy.

scholarly journals Business Model Canvas and Energy Enterprises

Energies ◽  
2021 ◽  
Vol 14 (21) ◽  
pp. 7198
Author(s):  
Zbysław Dobrowolski ◽  
Łukasz Sułkowski
Keyword(s):  
Business Model ◽  
Business Models ◽  
Energy Sector ◽  
Future Research ◽  
Effect Analysis ◽  
Business Model Canvas ◽  
Original Definition ◽  
Entrepreneurship Theory ◽  
Definition Of ◽  
Searching Method

So far, little is known about the Business Model Canvas development in the energy sector. In this paper, we fill this knowledge gap and modify the Business Model Canvas. Based on the cause–effect analysis combined with the literature searching method, we suggest that Osterwalder’s Canvas for energy enterprise should be modified because the available Canvas adaptations cannot fully capture the energy enterprise’s business model or realise its business operations combined with the public interest. We propose a new original Canvas adaptation by adding two crucial blocks representing the mission, energy accountability, and impact on stakeholders in the Business Model Canvas. The findings make two main contributions. First, they contribute to developing entrepreneurship theory. We formulate an original definition of a business model, first showing the limitations of current definitions. We verify Chesbrough’s functions of business models. Second, compared to earlier business model frameworks, the new model clearly points out that accountability in firms’ everyday businesses is at the core of business development. Moreover, this article formulates future research avenues in the energy sector and provides a helpful planning tool for practitioners.

scholarly journals Investigating Circular Business Model Innovation through Keywords Analysis

2021 ◽  
Vol 13 (9) ◽  
pp. 5036
Author(s):  
Barbara Bigliardi ◽  
Serena Filippelli
Keyword(s):  
Business Model ◽  
Business Models ◽  
New Ventures ◽  
Business Model Innovation ◽  
Future Research ◽  
Research Directions ◽  
Circular Model ◽  
Future Research Directions ◽  
Circular System ◽  
Start Ups

Ongoing economic, social and environmental developments have forced the production system to undertake a profound transformation, shifting from a linear to a circular model. The transformation towards a circular economy poses significant challenges for established companies, in many cases requiring a strong modification of their current business models, start-ups and new ventures. Firms need to completely rethink their value proposition, modifying how the product or service is produced, delivered to the customers and disposed of. As a result, interest in business model innovation with a view to a circular system has increased significantly over the last five years, leading to a flourishing literature production. Although several literature reviews have been published on the topic of the circular business model, few of them include the innovation dimension. Moreover, the time horizon covered by the previous reviews extends to 2019 and in one case to 2020. Since 2020 saw a 135% increase in scientific production compared to the previous year, it is necessary to update the prior works, taking into account the new contributions. Our paper aims to bridge this gap by proposing a literature review based on keywords analysis. In this way, it is possible to analyze the issues addressed in the circular business model innovation (CMBI) by categorizing them as core, emerging/phantom, trendy or intermittent. This analysis is particularly suitable for identifying future research directions as signaled by the emerging themes.

scholarly journals BIO-ECONOMY BASED BUSINESS MODELS FOR THE FOREST SECTOR – A SYSTEMATIC LITERATURE REVIEW

2018 ◽  
Author(s):  
Wiebke REIM ◽  
David Sjödin ◽  
Vinit PARIDA ◽  
Ulrika ROVA ◽  
Paul CHRISTAKOPOULOS
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Large Scale ◽  
Business Models ◽  
Scientific Journal ◽  
Economic Feasibility ◽  
Future Research ◽  
Forest Sector ◽  
Business Model Canvas

The shift towards a bio-economy is one of the main focus areas of political initiatives aiming for a society relying on renewable biological sources while achieving economic growth. The forest sector is expected to contribute significantly to the development of the bio-economy which at the same time support rural development by creating new markets for advanced forest based products. However there is a need to focus more on the economic feasibility of such initiatives. Literature on bio-economy often implicitly addresses certain aspects connected to business models but is lacking a holistic perspective on the role of business models for the successful shift towards a bio-economy in the forest sector. Therefore, the purpose of this paper is to conduct a systematic literature review about bio-economy business models in the forest sector to advance the understanding about increased and sufficient value generation necessary to persuade a shift towards bio-economy. This paper is based on a systematic review of 42 scientific journal articles and book chapters on forest based bio-economy. The first result of the article is a structured aggregation of the existing bio-economy business models including the maturity and potential for large scale application. The main implication of the paper is an overall framework on how to facilitate the commercialization of bio-economy based business models through an improved understanding of all elements of the business model canvas to reach market acceptance of innovative business models. Recommendations for future research are presented in the end of the paper.

New Strategies for Evolution of Business Ecosystems

2020 ◽  
pp. 98-122 ◽  
Author(s):  
Cemal Zehir ◽  
Melike Zehir ◽  
Songül Zehir
Keyword(s):  
Business Model ◽  
Business Models ◽  
Future Research ◽  
Research Fields ◽  
Emerging Trends ◽  
Business Ecosystems ◽  
New Business ◽  
Future Research Directions ◽  
Platform Leadership ◽  
New Strategies

Several industries are formed by platform business models. To achieve success and have sustainability, the platforms should follow various strategies, paying attention on several factors. In this chapter, initially, how the platforms as a business model have emerged, in which ways they are used, and their working ways have been explained, and “platforms as a new business model” has been extensively examined. Types of platform business models, general features of platforms, ways to generate income from platforms are explained in detail. How platforms could succeed and what could lead them into failure have been told. Platform leadership, prominent platform strategies, governance of platform strategies have been extensively examined. Emerging trends and future research directions have been mentioned. For this study, a detailed literature scanning has been performed, research fields have been shared in order to fill the gaps. In the final section, the prominent parts of the study to be focused have been expressed.

scholarly journals Blockchain Technology in the Food Industry: A Review of Potentials, Challenges and Future Research Directions

Logistics ◽  
2020 ◽  
Vol 4 (4) ◽  
pp. 27
Author(s):  
Abderahman Rejeb ◽  
John G. Keogh ◽  
Suhaiza Zailani ◽  
Horst Treiblmaier ◽  
Karim Rejeb
Keyword(s):  
Food Industry ◽  
Future Research ◽  
Journal Articles ◽  
Comprehensive Overview ◽  
Illicit Trade ◽  
Food Supply Chains ◽  
Blockchain Technology ◽  
Potential Benefits ◽  
Future Research Directions ◽  
Business Customers

Blockchain technology has emerged as a promising technology with far-reaching implications for the food industry. The combination of immutability, enhanced visibility, transparency and data integrity provides numerous benefits that improve trust in extended food supply chains (FSCs). Blockchain can enhance traceability, enable more efficient recall and aids in risk reduction of counterfeits and other forms of illicit trade. Moreover, blockchain can enhance the integrity of credence claims such as sustainably sourced, organic or faith-based claims such as kosher or halal by integrating the authoritative source of the claim (e.g., the certification body or certification owner) into the blockchain to verify the claim integrity and reassure business customers and end consumers. Despite the promises and market hype, a comprehensive overview of the potential benefits and challenges of blockchain in FSCs is still missing. To bridge this knowledge gap, we present the findings from a systematic review and bibliometric analysis of sixty-one (61) journal articles and synthesize existing research. The main benefits of blockchain technology in FCSs are improved food traceability, enhanced collaboration, operational efficiencies and streamlined food trading processes. Potential challenges include technical, organizational and regulatory issues. We discuss the theoretical and practical implications of our research and present several ideas for future research.

Analysis of Federated Business Models: An Application to the Business Model Canvas, ArchiMate, and e3value

2015 ◽  
Author(s):  
Artur Caetano ◽  
Goncalo Antunes ◽  
Marzieh Bakhshandeh ◽  
Jose Borbinha ◽  
Miguel Mira da Silva
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Model Canvas

scholarly journals Carpooling in Connected and Autonomous Vehicles: Current Solutions and Future Directions

2022 ◽  
Author(s):  
Farkhanda Zafar ◽  
Hasan Ali Khattak ◽  
Moayad Aloqaily ◽  
Rasheed Hussain
Keyword(s):  
Business Model ◽  
Autonomous Vehicles ◽  
Research Work ◽  
Relevant Information ◽  
Security And Privacy ◽  
Future Research ◽  
Research Directions ◽  
Comprehensive Survey ◽  
One Stop ◽  
Future Research Directions

Owing to the advancements in communication and computation technologies, the dream of commercialized connected and autonomous cars is becoming a reality. However, among other challenges such as environmental pollution, cost, maintenance, security, and privacy, the ownership of vehicles (especially for Autonomous Vehicles (AV)) is the major obstacle in the realization of this technology at the commercial level. Furthermore, the business model of pay-as-you-go type services further attracts the consumer because there is no need for upfront investment. In this vein, the idea of car-sharing ( aka carpooling) is getting ground due to, at least in part, its simplicity, cost-effectiveness, and affordable choice of transportation. Carpooling systems are still in their infancy and face challenges such as scheduling, matching passengers interests, business model, security, privacy, and communication. To date, a plethora of research work has already been done covering different aspects of carpooling services (ranging from applications to communication and technologies); however, there is still a lack of a holistic, comprehensive survey that can be a one-stop-shop for the researchers in this area to, i) find all the relevant information, and ii) identify the future research directions. To fill these research challenges, this paper provides a comprehensive survey on carpooling in autonomous and connected vehicles and covers architecture, components, and solutions, including scheduling, matching, mobility, pricing models of carpooling. We also discuss the current challenges in carpooling and identify future research directions. This survey is aimed to spur further discussion among the research community for the effective realization of carpooling.

scholarly journals A tool to model and simulate dynamic business models

2020 ◽  
Author(s):  
Norman Schaffer ◽  
Martin Engert ◽  
Girts Leontjevs ◽  
Helmut Krcmar
Keyword(s):  
Business Model ◽  
Business Models ◽  
Web Applications ◽  
Design Science ◽  
Science Research ◽  
Software Tools ◽  
Strategic Decision ◽  
Future Research ◽  
Great Promise ◽  
Model Components

Software tools hold great promise to support the modeling, analyzing, and innovation of business models. Current tools only focus on the design of business models and do not incorporate the complexity of existing interdependencies between business model components. These tools merely allow simulating inherent dynamics within the models or different strategic decision scenarios. In this research, we use design science research to develop a prototype that is capable of modeling and simulating dynamic business models. We use system dynamics as a simulation approach and containers to allow deployment as web applications. This paper represents the first of three design cycles, realizing six out of 59 requirements that are collected from the literature on software tools for business models. We contribute toward the design of novel artifacts for business model innovation as well as their evaluation. Future research can use these results to build tools that consider and address the complexity of business models. Lastly, we present several options for extending the proposed tool in the future.

scholarly journals PENERAPAN BISNIS MODEL KANVAS DALAM PENENTUAN RENCANA MANAJEMEN USAHA KEDELAI EDAMAME GORENG

2019 ◽  
Vol 13 (01) ◽  
pp. 42
Author(s):  
Novitha Herawati ◽  
Triana Lindriati ◽  
Ida Bagus Suryaningrat
Keyword(s):  
Business Model ◽  
Business Models ◽  
Small And Medium Enterprises ◽  
Primary Data ◽  
Value Proposition ◽  
Middle Income ◽  
Business Model Canvas ◽  
Trade Offs ◽  
Customer Segment ◽  
Medium Enterprises

Business model canvas (BMC) is a strategic management and lean start-up template for developing new or documenting existing business models. It is a visual chart with elements describing a firm's or product's value proposition, infrastructure, customers, and finances. It assists firms in their aligning activities by illustrating potential trade-offs. Business model canvas focuses on the idea of creating value in a business. The purpose of implementation of BMC was to determined the best business planning of fried edamame, when it applied to the industry or MSMEs (Micro, Small and Medium Enterprises). The method in the research used descriptive method, while the data analysis used qualitative analysis. Primary data collection was obtained from interviews.  Analysis was done by compiling the initial hypothesis, hypothesis testing and verification of business model canvas (BMC). The results showed that the business model strategy for fried edamame products in the value proposition component were crispy, natural, labeled and applied good cooking oil for use. The customer segment component were the buyers of the entire Jember Regency including men and women over 20 years old with middle income. Components of revenue streams were fried edamame product sales, sale of unused oil, and sale of edamame peel to farmers, while the component channels were direct selling and retailers for fried edamame product. Keywords: business model, fried edamame, strategy, value proposition

Business Model Canvas on Paddy Straw Mushroom Cultivation Sociopreneurship (A Study on Daarul Qur'an Wal-Irsyad Wonosari Islamic Boarding School)

2021 ◽  
Vol 1 (3) ◽  
pp. 56-67
Author(s):  
Anis Siti Hartati ◽  
A.Y.N. Warsiki ◽  
Titik Kusmantini ◽  
Aris Kusumo Diantoro
Keyword(s):  
Business Model ◽  
Business Models ◽  
Boarding School ◽  
Study Data ◽  
Customer Relationships ◽  
Mushroom Cultivation ◽  
Paddy Straw ◽  
Business Model Canvas ◽  
Straw Mushroom ◽  
Method Approach

Business model innovation can be a strategy for developing paddy straw mushroom business in the era of increasing global competition. This study was conducted to analyze and design a business model with a business model canvas on the Sociopreneurship of Straw Mushroom Cultivation at Islamic Boarding School Daarul Qur'an Wal-Irsyad Wonosari. The analysis will be carried out on each block of Business Model Canvas which includes customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure. The implementation of the business model Canvas can encourage students and the community around the Islamic boarding school to be involved in developing business models so that the right business model can be obtained and the Islamic boarding school can be economically independent. The research method used is qualitative through a phenomenological method approach by examining various observed factors related to the object under study. Data collection techniques are using surveys and interviews. The population in this study is the organizer of the Sociopreneurship of Straw Mushroom Cultivation at Daarul Qur'an Wal-Irsyad Wonosari Islamic Boarding School. Testing the validity of the data is using the triangulation technique. This technique is a multi-method approach in collecting and analyzing data that are obtained by researchers from various different perspectives so that a high level of accuracy is gained.

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