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Authors: Ilia Bider 1 and Azeem Lodhi 2

Affiliations: 1 Department of Computer and Systems Sciences, Stockholm University, Stockholm and Sweden ; 2 Faculty of Computer Science, Otto von Guericke University, Magdeburg and Germany

Keyword(s): Business Model, Enterprise Model, Business Process Architecture, Business Model Innovation.

Related Ontology Subjects/Areas/Topics: e-Business ; Enterprise Engineering ; Enterprise Information Systems

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. (More)

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Paper citation in several formats:
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; ISSN 2184-4992, SciTePress, pages 525-533. DOI: 10.5220/0007769205250533

@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},
issn={2184-4992},
}

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
IS - 2184-4992
AU - Bider, I.
AU - Lodhi, A.
PY - 2019
SP - 525
EP - 533
DO - 10.5220/0007769205250533
PB - SciTePress

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