BUSINESS MODEL DESIGN AND EVOLUTION

Michael Weiss and Daniel Amyot
Additional contact information
Michael Weiss: School of Computer Science, Carleton University, Canada
Daniel Amyot: School of Information Technology and Engineering, University of Ottawa, Canada

Chapter 13 in Challenges in the Management of New Technologies, 2007, pp 183-194 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractIn today's rapidly evolving world, companies need to constantly adjust their business models to changes in their environment. A good approach to evolving business models strikes a balance between capitalizing on new opportunities, and preserving investments in existing business processes. In this chapter, we argue that the User Requirements Notation (URN) provides such an approach. URN supports the modeling and analysis of user requirements in the form of goals and scenarios. Goals can be used to model high-level business (as well as system-level) objectives, and scenarios to describe the business processes to meet those goals. The approach is lightweight, and allows the quick evaluation of business model alternatives. Business models are represented in terms of actors and their dependencies, which correspond to value flows between the actors. Those value flows can subsequently be refined into business process activities. The approach gives business managers a tool for the systematic and incremental evolution of business model alternatives for their organizations. It allows them to model the strategic options available to them, and the conditions for their successful application.

Keywords: Management of Technology; Innovation Process; Knowledge Management; Cross-Border Collaboration; Interdisciplinary Collaboration; Indicators for Measuring Innovation; Business in High-Tech Industry; Sustainability; Social Aspects of Technology Management (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789812770318_0013 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789812770318_0013 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789812770318_0013

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().