Testing successful Business Model using System Dynamics
In our increasingly globalised economy, managing continuous change whilst remaining competitive and dynamic has become a central issue for firms in the industrial sector. One of the elements for obtaining this competitiveness is the value creation model of the firm. The most important challenges in...
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| Format: | Article |
| Language: | English |
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Universitat Politècnica de València
2019-06-01
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| Series: | International Journal of Production Management and Engineering |
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| Online Access: | https://polipapers.upv.es/index.php/IJPME/article/view/10807 |
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| author | J. Ganzarain M. Ruiz J.I. Igartua |
| author_facet | J. Ganzarain M. Ruiz J.I. Igartua |
| author_sort | J. Ganzarain |
| collection | DOAJ |
| description | In our increasingly globalised economy, managing continuous change whilst remaining competitive and dynamic has become a central issue for firms in the industrial sector. One of the elements for obtaining this competitiveness is the value creation model of the firm. The most important challenges in firms are characterised by dynamic complexity which makes it difficult to understand factors in their context. Consequently management and decision making is hindered (Antunes et al., 2011). Business models are characterised by complexity and dynamism. Performance of the firm is a complex topic determined by the large amount of variables that can be involved in the system, and the different effects that influence the system in the short and long term. Due to this complexity a systemic view is required, that is, an holistic view of the whole system. Such a systemic view enables managers to make decisions based on evidence rather than intuition and personal experiences, as they understand how the whole system works. Thus, the main aim of this research is to use an empirical tool such as System Dynamics (SD), to support and sustain firms in the identification of new constructs related to their Business Model (BM). |
| format | Article |
| id | doaj-art-543b7f0f747b40ee93f4e08a69cd3562 |
| institution | OA Journals |
| issn | 2340-4876 |
| language | English |
| publishDate | 2019-06-01 |
| publisher | Universitat Politècnica de València |
| record_format | Article |
| series | International Journal of Production Management and Engineering |
| spelling | doaj-art-543b7f0f747b40ee93f4e08a69cd35622025-08-20T02:36:06ZengUniversitat Politècnica de ValènciaInternational Journal of Production Management and Engineering2340-48762019-06-01709110010.4995/ijpme.2019.108077492Testing successful Business Model using System DynamicsJ. Ganzarain0M. Ruiz1J.I. Igartua2Mondragon UnibertsitateaMondragon UnibertsitateaMondragon UnibertsitateaIn our increasingly globalised economy, managing continuous change whilst remaining competitive and dynamic has become a central issue for firms in the industrial sector. One of the elements for obtaining this competitiveness is the value creation model of the firm. The most important challenges in firms are characterised by dynamic complexity which makes it difficult to understand factors in their context. Consequently management and decision making is hindered (Antunes et al., 2011). Business models are characterised by complexity and dynamism. Performance of the firm is a complex topic determined by the large amount of variables that can be involved in the system, and the different effects that influence the system in the short and long term. Due to this complexity a systemic view is required, that is, an holistic view of the whole system. Such a systemic view enables managers to make decisions based on evidence rather than intuition and personal experiences, as they understand how the whole system works. Thus, the main aim of this research is to use an empirical tool such as System Dynamics (SD), to support and sustain firms in the identification of new constructs related to their Business Model (BM).https://polipapers.upv.es/index.php/IJPME/article/view/10807Business ModelBusiness Model Designfirm performanceSystem DynamicsDecision Making |
| spellingShingle | J. Ganzarain M. Ruiz J.I. Igartua Testing successful Business Model using System Dynamics International Journal of Production Management and Engineering Business Model Business Model Design firm performance System Dynamics Decision Making |
| title | Testing successful Business Model using System Dynamics |
| title_full | Testing successful Business Model using System Dynamics |
| title_fullStr | Testing successful Business Model using System Dynamics |
| title_full_unstemmed | Testing successful Business Model using System Dynamics |
| title_short | Testing successful Business Model using System Dynamics |
| title_sort | testing successful business model using system dynamics |
| topic | Business Model Business Model Design firm performance System Dynamics Decision Making |
| url | https://polipapers.upv.es/index.php/IJPME/article/view/10807 |
| work_keys_str_mv | AT jganzarain testingsuccessfulbusinessmodelusingsystemdynamics AT mruiz testingsuccessfulbusinessmodelusingsystemdynamics AT jiigartua testingsuccessfulbusinessmodelusingsystemdynamics |