INNOVATION, A KEY ELEMENT OF BUSINESS MODELS IN THE FOURTH INDUSTRIAL REVOLUTION

Dragos Tohanean and Sorin-George Toma
Additional contact information
Dragos Tohanean: The Bucharest University of Economic Studies
Sorin-George Toma: University of Bucharest

Network Intelligence Studies, 2018, issue 12, 121-130

Abstract: The aim of the paper is to present the relationship between the concepts of innovation and business models in the Fourth Industrial Revolution. In this respect, the authors present the case of a German company, Deutsche Bahn (DB). Innovation constitutes a core factor that will secure our society's prosperity in the future, as it creates real and sustainable value. A key element in the successful path to Industry 4.0 is the expansion of new technologies or processes towards the development of innovative business models. The continuous worldwide changes, the shift from physical to digital or from closed-sources to open-sources and the new ways of doing business (networks) lead to the development of companies by creating and implementing business models in which innovation is constantly required. In order to reach the aim of the paper the authors used a quantitative research method and a case study. The findings of the research showed that innovation represents a key element in developing new business models that lead to better performances in any company that aims to be part of the Fourth Industrial Revolution.

Keywords: Innovation; Business Model; Fourth Industrial Revolution; Deutsche Bahn (search for similar items in EconPapers)
JEL-codes: M00 O30 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://seaopenresearch.eu/Journals/articles/NIS_12_6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cmj:networ:y:2018:i:12:p:121-130

Access Statistics for this article

Network Intelligence Studies is currently edited by Romanian Foundation for Business Intelligence

More articles in Network Intelligence Studies from Romanian Foundation for Business Intelligence, Editorial Department
Bibliographic data for series maintained by Serghie Dan ().