|Title:||Business model innovation triggered by Industry 4.0|
|Authors :||Scherrer, Maike|
|et. al :||No|
|Conference details:||Spring Servitization Conference (SSC17), Lucerne, 15 - 17 May 2017|
|License (according to publishing contract) :||Licence according to publishing contract|
|Type of review:||Peer review (Publication)|
|Subjects :||Business model innovation; Technologies enabling digital transformation; industrial internet|
|Subject (DDC) :||658.4: Executive Management |
|Abstract:||Purpose: Technologies related to industrial internet/industry 4.0 may have a huge potential to generate new value. We argue that in order to fully explore and exploit the potential of those technologies, the concept of business models needs to be applied. Design/Methodology/Approach: We apply an explorative research approach based on case study analysis. We analyse four examples of business model innovation in order to understand how technologies can be explored and exploited by means of business model innovation. Findings: It is essential to explore and exploit new technologies. Business model innovation without the adoption of new technologies affects the business model outcome negatively. Originality/Value: Connectivity is central to industrial internet/industry 4.0. Hence, it needs to be included into the business model decomposition. In addition, the analysis shows the interdependencies between the different dimensions and thus, enhances transparency|
|Departement:||School of Engineering|
|Organisational Unit:||Institute of Sustainable Development (INE)|
|Publication type:||Conference Other|
|Appears in Collections:||Publikationen School of Engineering|
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