Using Enterprise Modeling in Development of New Business Models

Ilia Bider, Azeem Lodhi

2019

Abstract

In the dynamic world of today, enterprises need to be innovative not only in their current line of products and services, but also in their business models. One of the challenges in Business Model Innovation (BMI) is to introduce radical changes in the current business model when entering new markets. Ideas for new models can come from various sources, however each such idea needs to be analysed from the sustainability and implementation perspectives. This paper evaluates whether enterprise modelling can help in analysis of hypotheses for radical changes of BMI. The evaluation is carried on a particular practice of an organization. Analysis of a new idea has been done using a so-called Fractal Enterprise Model (FEM). FEM ties various enterprise business processes together and connects them to enterprise assets (resources) that are used and/or are managed by the processes. FEM has been used to understand which new assets and processes should be acquired, and which existing ones can be reused when planning the implementation of a new business model.

Paper Citation

in Harvard Style

Bider I. and Lodhi A. (2019). Using Enterprise Modeling in Development of New Business Models.In Proceedings of the 21st International Conference on Enterprise Information Systems - Volume 2: ICEIS, ISBN 978-989-758-372-8, pages 525-533. DOI: 10.5220/0007769205250533

in Bibtex Style

@conference{iceis19,
author={Ilia Bider and Azeem Lodhi},
title={Using Enterprise Modeling in Development of New Business Models},
booktitle={Proceedings of the 21st International Conference on Enterprise Information Systems - Volume 2: ICEIS,},
year={2019},
pages={525-533},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007769205250533},
isbn={978-989-758-372-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 21st International Conference on Enterprise Information Systems - Volume 2: ICEIS,
TI - Using Enterprise Modeling in Development of New Business Models
SN - 978-989-758-372-8
AU - Bider I.
AU - Lodhi A.
PY - 2019
SP - 525
EP - 533
DO - 10.5220/0007769205250533