PROSPECTS OF DESIGNING FLEXIBLE BUSINESS MODEL IN TURBULENT TIMES
Mihaela Diaconu () and
Amalia Dutu ()
Additional contact information
Mihaela Diaconu: Faculty of Economics, University of Pitesti, Romania
Amalia Dutu: Faculty of Economics, University of Pitesti, Romania
Scientific Bulletin - Economic Sciences, 2014, vol. 13, issue 1, 19-29
The present study aims to analyze the current global context to capture the characteristics of the new type of volatile and turbulent business environment in which companies must operate nowdays and to bring some propositions in order to guide managers in designing or redesigning business models to achieve flexibility. The central message of this paper, that is a point of view one, is that, nowdays but also in the future, business models that are based on strategic, organizational and operational flexibility and on reaction speed will be those who will provide the greatest capacity to respond to change. Even if the international theory provides a multiple perspective analysis of business model concept, still how it can be achieved such flexibility remains an open issue in the academic debate, but also in the practice of companies. Thus, the paper contains some propositions in order to guide managers in the process of designing or redesigning the business model.
Keywords: business model; strategic flexibility; turbulent times; operate; propositions. (search for similar items in EconPapers)
JEL-codes: D72 M21 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2014:i:1:p:19-29
Access Statistics for this article
Scientific Bulletin - Economic Sciences is currently edited by Alina Hagiu
More articles in Scientific Bulletin - Economic Sciences from University of Pitesti Contact information at EDIRC.
Bibliographic data for series maintained by Alina Hagiu ().