Innovation And Sustainable Business Development: Graphical Essay

Question:

Discuss about the Innovation and Sustainable Business Development for Graphical.

Answer:

Introduction

The establishment of the structured business model is essential for representing the overall business processes. Some of the business models, such as contextual, graphical, and textual are associated with the organisational structure (Zou, et al., 2014). The business organisations identify the future prospects of a sustainable business and develop the suitable business model to conduct the business activities. The initial formulation of the business model includes the technological architectures, value propositions, and the organisational infrastructure. Therefore, the essay is based on the formulation of the structured business model that can e perceived as the system.

Discussion

The conceptualized ideas of the business model development are initially focusing on the identification of the core business concepts. It has been observed that the business organisations often deal with several segmentations, such as organisational structure, target customers, and the operational policies (Veit et al., 2014). The business model is generally dealing with the assumption based hypothetical context that determines the necessary resources used for fulfilling the business objectives. The identification of such key resources is much beneficial in organizing the value chain process in a significant way. Morris et al., (2015) opined that the business model development is mainly focusing on the expected outcomes of the organisational structure for ensuring the new opportunities.

The business model as a system is associated with the identification, understanding, and the stimulation process of the model evaluation. It is to be specified that the system model is generally utilized to present the conceptualized ideas about the interdisciplinary study. This interdisciplinary model is focusing in the application of the model for presenting the conceptualized form of the systems, especially, in the business development in IT firms. It is noted that the functional modeling is concentrating on the functional flow diagram and the important techniques. It is important to state that the business process-modeling notation is one kind of typical workflow that is represented through the graphical presentation (Fielt, 2014). The conceptual models can sometimes be physical or social that based on the values of current affairs.

The business model as a system is much helpful in resolving the static and dynamic issues. These business models are generally depending on the scientific method in which the starting point is to create the hypothetical value. The business managers often concentrate on using the business models in order to address the issues based on the static or dynamic factors. It is noted that they use the spreadsheet for ensuring the analytical approaches for the upcoming planning process (Farahani et al., 2014). In fact, evaluation of such business model is much beneficial in analyzing the critical components. In addition to this, it is essential for the business manager to ensure the business dynamics for resolving the internal conflicts. Therefore, the business managers have been using the business models for strengthening the value positions and securing the competitive position as well. Additionally, it is much helpful in developing the strong customer base as well.

The establishment of the business model system is effective enough in recognizing the partnership aspects of the firm. The business model canvas is generally used for identifying the right partners in the market that can be beneficial for the entrepreneurial business process. While securing the competitive position in the market, it is essential for the firm to identify the potential suppliers and the different types of partnerships (Bohnsack, Pinkse & Kolk, 2014). These partnerships are generally concentrating on the location and needs of the relevant supply chain process. In fact, evaluation of such business model is much beneficial in analyzing the critical components. In addition to this, it is essential for the business manager to ensure the business dynamics for resolving the internal conflicts (Boons & L?deke-Freund, 2013). The business model system is the most useful source of identifying these specific factors that determine the association of the right partnership businesses. It is in fact helpful in defining the expectations in the competitive business market and the impacts on the potential clients. It is essential for the business clients to ensure the win-win situations. However, it is important to select the right business partners for the future growth. On the other hand, the business partnership process is classified into various typologies, such as joint venture, strategic alliance, and buyer-supplier relationships. It is essential to select the right method to strengthen the business entity on the grounds of competitive market.

Another most beneficial use of business model is the innovation process. The application of the innovative business mechanisms is necessary for ensuring the sustainable development of the firm in a competitive market. In fact, the innovative business method is generally persuading the business companies to differentiate the business strategies and achieve the competitive advantage (Baden-Fuller & Haefliger, 2013). The business managers often concentrate on using the business models in order to address the issues based on the static or dynamic factors. It is noted that they use the spreadsheet for ensuring the analytical approaches for the upcoming planning process. The business model system is thus helpful enough in identifying the unique mechanisms that will be helpful enough in increasing the standardized business parameter.

Mitsuru Kodama, on his article named Boundaries Innovation and Knowledge Integration in the Japanese Firm highlighted the restructuring process of a Japanese firm for competing in the global market (Kodama, 2009). The article pointed out several competencies of the Japanese firm for ensuring the capability of participating in the competitive business market. For example, the strong base of the electronic and telecommunication services is effective enough in attracting more customers towards the business brands. The article is focusing on the ‘knowledge integration firm’ that develops the unique corporate model. The integration process is linking the organisations from different zones. The evaluation of the knowledge integration model helps in prevailing the challenges and the issues associated with the vertical corporate boundaries.

Another article on Killing Two Birds with One Stone, it has been specified that the structured business model is helpful in improving the product and service delivery process. It is to be specified that the associated spreadsheet in the business development process provide the insights about the logic-based issues (Itami & Nishino, 2010). The understanding of the critical components is essential for organizing the value added services that are much attractive for the target customer group. In fact, the article provides the reflective insights about the simplistic forms of performing the organisational activities. Managing the core competencies would be beneficial in gathering revenues and the competitive position in the market.

Conclusion

This paper discloses the relevant findings that would be helpful in understanding the future business trends via developing business models. The business models are considered as a part of the overall business systems. The business managers often concentrate on using the business models in order to address the issues based on the static or dynamic factors. It is noted that they use the spreadsheet for ensuring the analytical approaches for the upcoming planning process. In fact, evaluation of such business model is much beneficial in analyzing the critical components. In addition to this, it is essential for the business manager to ensure the business dynamics for resolving the internal conflicts. The continuous changing scenario of the business model innovation sometimes can be invisible to the people worldwide. It is implied that the business model development is associated with several factors, such astrategic choices, value network, creating values, and capturing values. The spreadsheet presented by the managers for the business model development provides the solution to address the logic-based issues within an organisation.

References

Baden-Fuller, C., & Haefliger, S. (2013). Business models and technological innovation. Long range planning, 46(6), 419-426.

Bohnsack, R., Pinkse, J., & Kolk, A. (2014). Business models for sustainable technologies: Exploring business model evolution in the case of electric vehicles. Research Policy, 43(2), 284-300.

Boons, F., & L?deke-Freund, F. (2013). Business models for sustainable innovation: state-of-the-art and steps towards a research agenda. Journal of Cleaner Production, 45, 9-19.

Farahani, R. Z., Rezapour, S., Drezner, T., & Fallah, S. (2014). Competitive supply chain network design: An overview of classifications, models, solution techniques and applications. Omega, 45, 92-118.

Fielt, E. (2014). Conceptualising business models: Definitions, frameworks and classifications. Journal of Business Models, 1(1), 85-105.

Itami, H., & Nishino, K. (2010). Killing two birds with one stone: profit for now and learning for the future. Long Range Planning, 43(2), 364-369.

Kodama, M. (2009). Boundaries innovation and knowledge integration in the Japanese firm. Long Range Planning, 42(4), 463-494.

Morris, M., Schindehutte, M., Richardson, J., & Allen, J. (2015). Is the business model a useful strategic concept? Conceptual, theoretical, and empirical insights. Journal of Small Business Strategy, 17(1), 27-50.

Veit, D., Clemons, E., Benlian, A., Buxmann, P., Hess, T., Kundisch, D., ... & Spann, M. (2014). Business models. Business & Information Systems Engineering, 6(1), 45-53.

Zou, W., Kumaraswamy, M., Chung, J., & Wong, J. (2014). Identifying the critical success factors for relationship management in PPP projects. International Journal of Project Management, 32(2), 265-274.

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