Using Fractal Enterprise Model for Business Model Innovation

The pace of changes in the business environment in which a modern enterprise operates requires the enterprise to constantly review its business models in order to survive and prosper in the dynamic world. The tutorial introduces an approach to Business Model Innovation (BMI) based on a new type of e...

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Bibliographic Details
Published inAdvanced Information Systems Engineering p. 627
Main Authors Bider, Ilia, Perjons, Erik
Format Conference Proceeding
LanguageEnglish
Published 2018
SeriesLecture Notes in Computer Science
Subjects
Business model innovation
Business transformation
Computer and Systems Sciences
data- och systemvetenskap
Enterprise model
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Summary:The pace of changes in the business environment in which a modern enterprise operates requires the enterprise to constantly review its business models in order to survive and prosper in the dynamic world. The tutorial introduces an approach to Business Model Innovation (BMI) based on a new type of enterprise models called Fractal Enterprise Model (FEM). The model express the relationship between the enterprise assets and its business processes. The innovation consists of finding a new way of using enterprise assets to produce value for a new group of customers. The tutorial introduces FEM and shows how it could be used for BMI. The introduction is followed by an exercise in which the participants will apply the approach and invent a new business model for their own organizations.
ISBN:3319915622
9783319915623
9783319915630
3319915630