Introduction: Globalization and the Opening of New Markets

Thomas Bieger, Christoph Franz and Andreas Herrmann
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Thomas Bieger: University of St.Gallen
Christoph Franz: University of St.Gallen
Andreas Herrmann: University of St.Gallen

A chapter in Evolving Business Models, 2017, pp 1-10 from Springer

Abstract: Abstract The “new normal” of negative interest rates in the financial markets, the technological revolution of Industry 4.0, and the transformation of traditional business models through the pressure of new digital providers, such challenges, which are confronting all industries, occupy the pages of popular media and management literature alike. Given these challenges incumbents have to optimize their traditional business while at the same time invest in disruptive business models. This requires a combination of solid industry knowledge in addition to cross industry, functional competencies and learning.

Keywords: Business Model; Chief Executive Officer; Industry Expertise; Traditional Sector; Chain Element (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-48938-4_1

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DOI: 10.1007/978-3-319-48938-4_1

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