| 1. |
- Bencsik, Barbara, et al.
(författare)
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Business models for digital sustainability : Framework, microfoundations of value capture, and empirical evidence from 130 smart city services
- 2023
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Ingår i: Journal of Business Research. - : Elsevier. - 0148-2963 .- 1873-7978. ; 160
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Tidskriftsartikel (refereegranskat)abstract
- The emerging research stream on digital sustainability examines how digital technologies enable the creation of environmental and social value. The need to finance the creation of such value calls for a business model perspective that combines value creation and value capture. To extend the digital sustainability literature in this regard, we adopt a microfoundations perspective and argue that the configuration of value creation influences the decision of users to pay for a value proposition or not, which in turn affects organizational value capture. Applying a crisp-set qualitative comparative analysis to 130 smart city initiatives in Switzerland, we develop a three-dimensional framework of business models for digital sustainability. The framework comprises 12 theoretically possible business model types, representing distinct business model configurations. We contribute to the digital sustainability and the microfoundations literatures by analyzing, explaining, and classifying the diversity of digitally enabled business models in the context of smart cities.
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| 2. |
- Lorenz, Selina, et al.
(författare)
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From business models for public actors to public service provision models : Extending the business model concept to the public sector
- 2024
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Ingår i: Technological forecasting & social change. - : Elsevier. - 0040-1625 .- 1873-5509. ; 201
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Tidskriftsartikel (refereegranskat)abstract
- Every organization, knowingly or unknowingly, operates a business model. However, while private actors frequently make use of the business model concept to actively manage their service provision, public organizations struggle with adopting it. This has led to a separate literature stream in which public management scholars developed public sector adaptations of the business model concept. As the business model conceptualizations in the general and public management literatures diverge, insight transfer between both streams is becoming increasingly difficult. Building on the need for more conceptual alignment in business model research, this article explores how the divergent conceptualizations of business models in the general and public management literatures can be reintegrated. It first presents the results of a focused literature review to illustrate their commonalities and differences. The article then introduces an integrated business model framework for the private and public sectors to merge the findings of both streams as well as to provide a common language for public-private business model realization. By advocating an integrated approach, we aim to bridge the emerging gap between the general and public management business model literatures, thereby seeking to counteract the gap's adverse implications for business model research as well as practice.
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| 3. |
- Palmié, Maximilian, et al.
(författare)
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Circular business model implementation : Design choices, orchestration strategies, and transition pathways for resource-sharing solutions
- 2021
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Ingår i: Journal of Cleaner Production. - : Elsevier. - 0959-6526 .- 1879-1786. ; 280:2
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Tidskriftsartikel (refereegranskat)abstract
- Prominent political and societal stakeholders argue that business models (BMs) are pivotal in making a successful transition to a circular economy (CE). However, the existing CE literature has paid little attention to design choices that allow companies to implement circular business models (CBMs) that meet the requirements of their specific situations. Resource sharing (alternatively called asset sharing) is a key practice in making the transition to a CE. The present article, therefore, seeks to gain deeper insights into the CBMs of firms that orchestrate resource-sharing solutions. For this purpose, it uses a qualitative multiple case-study approach and analyzes nine firms that orchestrate virtual power plants in Germany and Switzerland. Specifically, the article explores the design choices with which firms are faced when they implement this CBM, and it examines different implementation strategies that flow from making certain design choices. The article also identifies transition pathways that enable firms to move between different implementation strategies in order to increase economic and environmental gains. The present article can serve as a stimulus for further detailed analyses of other BMs that are important to a CE in the future.
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| 4. |
- Palmié, Maximilian, et al.
(författare)
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Clarifying the scaling concept: A review, definition, and measure of scaling performance and an elaborate agenda for future research
- 2023
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Ingår i: Journal of Business Research. - : Elsevier. - 0148-2963 .- 1873-7978. ; 158
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Forskningsöversikt (refereegranskat)abstract
- Scaling has recently found its way into the academic discourse. However, the term has been used inconsistently and mixed up with other terms such as growth. To overcome these impediments to knowledge accumulation, we review the literature, identifying four broad applications of the scaling concept: market scaling, volume scaling, financial scaling, and organizational scaling. Building on their commonalities and setting scaling apart from growth, we develop an inclusive definition of scaling: Scaling describes an increase in the size of a focal subject that is accompanied by a larger-than-proportional increase in the performance resulting from the said subject. We further propose a set of measures that makes it possible to compare the scaling performance of organizations and track their scaling performance over time. Based on our insights as well as a list of “hot topics” in the management literature, we conclude by identifying promising areas for further research.
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| 5. |
- Palmié, Maximilian, et al.
(författare)
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Microfoundations in the strategic management of technology and innovation: Definitions, systematic literature review, integrative framework, and research agenda
- 2023
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Ingår i: Journal of Business Research. - : Elsevier. - 0148-2963 .- 1873-7978. ; 154
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Forskningsöversikt (refereegranskat)abstract
- While innovations and new technologies are often pivotal to the long-term prosperity of firms, such firm-level outcomes emerge from the actions and interactions of organizational members who develop innovations and use new technologies. The “microfoundations movement” seeks to understand how micro-level (e.g., individual) actions and interactions lead to macro-level (e.g., organizational) outcomes and mediate relations between macro-level variables. Although the movement has grown tremendously over the last decade, it has yet to deeply pervade the domain of strategic technology and innovation management. Due to its tremendous growth, it is quite fragmented and dispersed, which impedes the identification of the most promising opportunities for future research. To overcome this problematic situation, we conduct a systematic literature review of existing research on microfoundations in the strategic management of technology and innovation, synthesize it into an integrative framework, and chart promising paths for future research. Specifically, we apply a multi-coder, multi-step approach, identify 87 relevant articles published in 23 leading academic journals over the period from 2003 to 2022, and propose a research agenda comprising more than 20 promising avenues for future research based on the resulting insights. These findings have important implications for the academic literature and management practice.
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| 6. |
- Palmié, Maximilian, et al.
(författare)
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Startups versus incumbents in ‘green’ industry transformations : A comparative study of business model archetypes in the electrical power sector
- 2021
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Ingår i: Industrial Marketing Management. - : Elsevier. - 0019-8501 .- 1873-2062. ; 96, s. 35-49
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Tidskriftsartikel (refereegranskat)abstract
- Scholars have recently argued that startups and incumbents play differential roles in the disruptive transformations of industries toward sustainability and that the transformations are only likely to succeed if both startups and incumbents contribute. To understand their respective contributions and, thus, to understand how industries make the transition toward sustainability, comparative studies of incumbents versus startups during this transformation have been identified as a central pursuit, but yet they are mostly lacking. Since business models have become a principal way of characterizing firms, the present study takes a business model perspective and derives business model archetypes in the electrical power sector from an analysis of 280 startups and incumbents in three different countries. The selected countries (USA, UK, and India) represent three different energy profiles and leading instances of disruption in the energy sector. The article, then, undertakes a comparative analysis of startups and incumbents based on the empirically distilled business model archetypes and develops propositions on startups, incumbents, and business models in industry transformations. This analysis produces several important insights. First, incumbents do not seem to engage in less business model experimentation than startups. Second, incumbents have adopted several new business models that are not pursued by startups. Third, startups have espoused some business models that are not pursued by incumbents. Fourth, foreign firms can also affect the ‘green’ transformation of an industry in a focal country. Finally, the identified business model archetypes are likely to be of interest to scholars and practitioners who are seeking an improved understanding of business models in the electrical power industry and the industry's competitive landscape.
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| 7. |
- Palmié, Maximilian, et al.
(författare)
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The evolution of the financial technology ecosystem : An introduction and agenda for future research on disruptive innovations in ecosystems
- 2020
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Ingår i: Technological forecasting & social change. - : Elsevier. - 0040-1625 .- 1873-5509. ; 151
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Tidskriftsartikel (refereegranskat)abstract
- At a time when many mature industries have been fundamentally transformed by disruptive innovations, prominent examples such as Apple and Uber reflect how disruptive innovations often originate at the ecosystem or system level rather than in individual firms. Unfortunately, the academic literature has paid little attention to the role of ecosystem development and evolution in relation to disruptive innovations. To overcome this oversight, our study defines disruptive innovation ecosystems and illustrates the impact that the financial technology (FinTech) ecosystem has had on disrupting the financial services industry. We offer an agenda for future research on disruptive innovations and ecosystems and discuss the evolution of the FinTech ecosystem. Our study shows that disruptive innovation ecosystems are not only in need of but also deserving of further attention.
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| 8. |
- Rad, Fakhreddin F., et al.
(författare)
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Industry 4.0 and supply chain performance : A systematic literature review of the benefits, challenges, and critical success factors of 11 core technologies
- 2022
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Ingår i: Industrial Marketing Management. - : Elsevier. - 0019-8501 .- 1873-2062. ; 105, s. 268-293
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Forskningsöversikt (refereegranskat)abstract
- The exponentially growing literature on Industry 4.0 technologies and their implications for supply chains exhibits valuable insights alongside considerable fragmentation. While prior systematic literature reviews (SLRs) started to consolidate the literature, an SLR that simultaneously (a) covers several core technologies of the Industry 4.0, (b) synthesizes their positive and negative implications for supply chain performance in a broad sense, and (c) accounts for the critical success factors that foster or impede these implications is still missing. We contribute to establishing a cumulative body of knowledge by conducting such an SLR. We synthesize 221 articles published on 11 Industry 4.0 technologies between 2005 and 2021. Rather than aggregate implications, our SLR presents the benefits, challenges, and critical success factors of each core technology vis-a-vis supply chain performance individually. We integrate our findings into a framework of Industry 4.0 supply chain performance and derive promising avenues for future research. Specifically, we call for more research on (a) the challenges and critical success factors of Industry 4.0 technologies; (b) hitherto underexplored core technologies of the Industry 4.0; (c) the interaction of multiple core technologies (are they complements or substitutes?); as well as for (d) further consolidation and interdisciplinary dissemination efforts.
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| 9. |
- Roesler, Jonathan, et al.
(författare)
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Scaling Digital Solutions in Healthcare : Paradoxical Tensions in Provider-Customer Relations and Coping Strategies
- 2023
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Ingår i: IEEE transactions on engineering management. - : Institute of Electrical and Electronics Engineers (IEEE). - 0018-9391 .- 1558-0040.
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Tidskriftsartikel (refereegranskat)abstract
- An aging population, a lack of qualified medical staff, and rising costs in the healthcare sector pose major challenges to many societies. Implementing digital solutions in hospitals is a promising response to these challenges without compromising the quality of patient care. Nevertheless, the adoption of digital solutions in the healthcare environment is progressing more slowly than might be desirable. Adopting a paradox perspective, we study tensions in the relationship between the providers of digital solutions and hospitals (their customers) that can explain the slow uptake. Drawing on 39 interviews, our findings reveal nine tensions related to the three dimensions of a business model (value proposition; value creation and delivery; value capture). We also identify four coping strategies that allow solution providers to deal with these tensions, especially when building digital solutions in new ecosystems. The strategies to cope with paradoxical tensions in interorganizational relationships include accommodation, avoidance, concession, and confrontation.
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| 10. |
- Sjödin, David, 1983-, et al.
(författare)
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How AI capabilities enable business model innovation : Scaling AI through co-evolutionary processes and feedback loops
- 2021
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Ingår i: Journal of Business Research. - : Elsevier. - 0148-2963 .- 1873-7978. ; 134, s. 574-587
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Tidskriftsartikel (refereegranskat)abstract
- Artificial intelligence (AI) is predicted to radically transform the ways manufacturing firms create, deliver, and capture value. However, many manufacturers struggle to successfully assimilate AI capabilities into their business models and operations at scale. In this paper, we explore how manufacturing firms can develop AI capabilities and innovate their business models to scale AI in digital servitization. We present empirical insights from a case study of six leading manufacturers engaged in AI. The findings reveal three sets of critical AI capabilities: data pipeline, algorithm development, and AI democratization. To scale these capabilities, firms need to innovate their business models by focusing on agile customer co-creation, data-driven delivery operations, and scalable ecosystem integration. We combine these insights into a co-evolutionary framework for scaling AI through business model innovation underscoring the mechanisms and feedback loops. We offer insights into how manufacturers can scale AI, with important implications for management.
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