Open AccessBusiness Model Representations for Value Creation Through Service information System
Author(s) -
Ibrahim Suleiman Yahaya,
Aslan Bin Amat Senin,
Maryam M.B Yusuf,
Saleh F. A. Khatib,
Amina Usman Sabo
Publication year - 2020
Publication title -
the journal of management theory and practice
Language(s) - English
Resource type - Journals
ISSN - 2716-7089
DOI - 10.37231/jmtp.2020.1.3.44
Subject(s) - artifact centric business process model , business model , product service system , business process modeling , new business development , contextualization , process management , service (business) , business rule , business transformation , knowledge management , computer science , business process , product (mathematics) , business model canvas , business , marketing , electronic business , business relationship management , geometry , mathematics , interpretation (philosophy) , programming language , work in process
Developing new service business - models is an essential task for various companies, driven by technological advances and lucrative market opportunities. To support the innovation process, various methods and techniques have been developed for creating new business models. However, the present business model strategies lack a reflection of market characteristics such as co-creation and as well as contextualization, restricting their appeal for creative service - business - models. The Service, Business Model Canvas “SBMC” will address this shortcoming founded on a combined research framework that pursues to advance the current business - model - representation. Aimed at this reason, a focusing group sessions method was conducted that suggested using the SBMC to design, understand, and evaluate co-creation in dealing business models. Besides, this research offers insights to how business model representations are implemented in the process of product creation.