New Perspective And Insights On Business Model Innovation Using Systems Thinking And Action Case Studies

Download or read book New Perspective and Insights on Business Model Innovation using Systems Thinking and Action Case Studies written by Bastian Halecker and published by Cuvillier Verlag. This book was released on 2016-07-07 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 20th century, the dominance of firms in a market was based mainly on scale and large resources (George & Bock 2011). In contrast, firm success in the 21st century is influenced less by arguments about economies of scale in production and distribution (McQuivey 2013; Jin Zhang et al. 2015). It has become more important to explore novel ways of engaging customers and getting them to pay (Baden-Fuller & Mangematin 2015). This is the age of the customer, and customers alone dominate the purpose of business (e.g., Morris et al. 2005; Johnson et al. 2008).