Business Model Development in the Digital ERA: Study of Digital Network
In the digital era, business model innovation has become a vital area of focus across various industries as they adapt to market demands driven by increasing digitization. This study explores the practice and positioning of business model innovation within the context of a new generation digital platform in the Information Network sector, using a case study approach. By analyzing the platform's evolution, structure, functionalities, and its impact on users and the market, the research highlights its unique contribution to business model innovation. Furthermore, a comprehensive analysis of profit models, core value chains, business strategies, and competitive dynamics in digital information networks reveals the emergence and diversity of new economic models. The study also examines the influence of financial technology, mobile payments, the sharing economy, and e-commerce on business model innovation, showcasing various pathways for companies aiming to innovate in the digital age. Finally, the research provides insights into future business model innovation through the exploration of innovative approaches such as enhancing customer value, leveraging data-driven decision-making, and integrating multiple channels.
Institutions
- Solapur University (IN)
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2024-08-30
- DOI
- https://doi.org/10.5281/zenodo.13865246
- Primary Topic
- Sharing Economy and Platforms
- Type
- article
- Field-Weighted Citation Impact
- 0.00