Makhmoor Bashir and Rajesh Verma
The purpose of this paper is to propose a theoretical model of business model innovation based on evidences from the past literature. The paper established a link between business…
Abstract
Purpose
The purpose of this paper is to propose a theoretical model of business model innovation based on evidences from the past literature. The paper established a link between business model innovation (BMI) strategic flexibility, competitive advantage and firm competence.
Design/methodology/approach
The study was approached from a theoretical perspective using previous literature on BMI from 2000 to 2017, as per the recommendations of Tranfield et al. (2003). A total of 104 conceptual and empirical articles on BMI research spanning from 2000 to 2017 were analyzed based on different classification schemes.
Findings
The study proposed a theoretical model of BMI and discussed how the various internal factors, such as organizational culture, organizational structure, organizational inertia, leadership and technology drive BMI. The study highlighted how BMI gives companies sustainable competitive advantage. The study also highlighted that the BMI is an important predictor of firm performance and strategic flexibility. Further, the study found that the firm size and firm inexperience mediate the influence of BMI on firm competence.
Research limitations/implications
The study highlights how BMI can be a source of sustainable competitive advantage and enhance the firm competitiveness and strategic flexibility of a firm.
Originality/value
This study is the first of its kind which has developed a conceptual model on the various internal factors and consequences of BMI. The study highlighted how BMI is an important predictor of firm performance, competitive advantage and strategic flexibility.
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Pooja Kansra, Nripendra Singh, Rajesh Verma, S.L. Gupta and Vikram Bali
Mahesh Chandra Joshi, Richa Bhatia and Hitesh Jhanji
Artificial Intelligence (AI) is a branch of computer science, and Chatbot relies on the technology of AI. Chatbot has an AI feature which can be used for many messaging…
Abstract
Artificial Intelligence (AI) is a branch of computer science, and Chatbot relies on the technology of AI. Chatbot has an AI feature which can be used for many messaging applications. A chatbot has a very advanced and promising interaction between humans and machines. They are a representative of systematic evolution of a question-answering natural language processing (NLP). Today, India has over 4.6 crores investor accounts with Central Depository Services (India) Limited (CDSL) who are actively investing in stocks, mutual funds, insurance and banking schemes. Chatbot plays an important role today in investor awareness and grievance resolution. Chatbots offer several advantages like standardised operations, higher efficiency and time saving but it has several disadvantages such as lack of human touch and inability to understand fragmented or grammatically incorrect sentences. There are several objections as it may contribute to further unemployment in many sectors. Overall analysis indicates that Chatbot application has a lot of potential in the investment sector in country like India.
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This chapter explores the multifaceted relationship between quantum computing (QC) and sustainability, with a focus on the Quadratic Unconstrained Binary Optimisation (QUBO…
Abstract
This chapter explores the multifaceted relationship between quantum computing (QC) and sustainability, with a focus on the Quadratic Unconstrained Binary Optimisation (QUBO) framework. The manuscript delves into the theoretical underpinnings of QUBO and its formulation as a quantum annealing problem, identifying the quantum principles that facilitate the resolution of such optimisation challenges. It offers a critical analysis of the suitability of QUBO for unconstrained problems and its efficacy in consistently locating the global minimum – a pivotal concern in optimisation tasks. Further, this study provides a nuanced discussion on the intersection of QC and sustainability. It delineates the types of optimisation problems within sustainability initiatives that are amenable to formulation as QUBO problems, while also highlighting sustainability challenges that elude the QUBO framework. It argues for the integration of quantum solutions into business operations, highlighting the potential for QC to play a transformative role in achieving sustainability objectives. The critique of the current hype surrounding QC provides a balanced viewpoint, ensuring a grounded approach to the adoption of quantum technologies in tackling pressing global issues.
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Buddhi Rajini Munasinghe, Abdul Ali, Farooq Habib and Murtaza Farooq Khan
This study aims to investigate how the supply chain (SC) experts from the UK manufacturing organisations (MO) interpret the drivers and barriers to adopting Industry 4.0…
Abstract
Purpose/Aim
This study aims to investigate how the supply chain (SC) experts from the UK manufacturing organisations (MO) interpret the drivers and barriers to adopting Industry 4.0 technologies from a technological, organisational and environmental (TOE) point of view. Furthermore, this study evaluates how adoption drivers and barriers influence innovative practices that support Industry 4.0 adoption.
Methodology
A qualitative narrative inquiry strategy, involving nine semi-structured interviews with leading SC experts including group executives, global directors and vice presidents was adopted.
Key Findings
The people factor across the SC is found critical for successful Industry 4.0 adoption. It was also found that the firm size is an insignificant factor; rather, Industry 4.0 readiness in small and medium enterprises (SMEs) is driven by flexibility and agility, while larger organisations are driven by resource availability and scalability. Evidently, the culture and attitude of the MO tend to facilitate or hinder the Industry 4.0 adoption, therefore, innovative practices in building an expert team, establishing a systematic change management process, actively involving suppliers in the adoption process and continuously monitoring the adoption process were introduced.
Novelty
By addressing the relationships between the drivers, barriers and innovative practices from a business perspective, a detailed Industry 4.0 adoption framework for the UK Manufacturing Supply Chains (MSC) was developed as a unique theoretical and practical contribution. This study also highlights the lessons learnt from applying Industry 4.0 in the UK context. The findings can also be informed in applying Industry 4.0 technologies in emerging market contexts.
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Teki Yaswanth Kumar and N. Kishore Babu
This study delves into the multifaceted landscape of online advertising, focusing specifically on the customer perceptions of advertisements from prominent e-commerce platforms…
Abstract
This study delves into the multifaceted landscape of online advertising, focusing specifically on the customer perceptions of advertisements from prominent e-commerce platforms, AJIO and Myntra. With a sample size of 137 participants, the research employs robust statistical techniques, including simple percentage analysis and chi-square, to unravel insights embedded within the collected data.
Exploring how customers perceive online advertisements, particularly those originating from AJIO and Myntra, and how these perceptions shape their purchasing decisions, the study underscores the importance of transparent and accurate representation of products and services in online ads to foster trust and confidence among consumers. The study provides insights specifically relevant to AJIO and Myntra customers.
This research adds to the existing understanding of online advertising, presenting insights that hold significance for both advertisers and consumers navigating this complex landscape. With the digital domain continuing its rapid evolution, this study serves as a valuable resource, aiding in comprehending.
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Festus Edobor and Amina Sambo-Magaji
The small and medium enterprises (SMEs) has been a driving force in poverty alleviation. One of the key areas of the Sustainable Development Goals (SDGs) is poverty alleviation…
Abstract
The small and medium enterprises (SMEs) has been a driving force in poverty alleviation. One of the key areas of the Sustainable Development Goals (SDGs) is poverty alleviation. Poverty is a major problem in Nigeria, and one of the ways to alleviate poverty is through deliberate job creation through SMEs. The dimension of poverty alleviation in the SDGs goals has been an area where the SMEs have played a pivotal role. This chapter reviewed the role of SMEs in the realisation of the SDGs. There are many challenges affecting how we can better achieve the sustainable development goals (SDGs) as highlighted in this paper. Some of the factors that affected the poor performance of the MDGs were unmanageable population, pervasive poverty, ignorance and superstition, religious dogmatism, corruption and economic mismanagement, lack of political will, authenticity of collected data are still largely within Nigeria. It was concluded that SMEs should be empowered in order to help achieve the SDGs in Nigeria.
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Shyam Sunder Agrawal and Suraj Kumar Mukti
This chapter examines the role of sustainable finance in propelling India's economic growth, drawing insights from a comprehensive review of 50 research papers. Employing a…
Abstract
This chapter examines the role of sustainable finance in propelling India's economic growth, drawing insights from a comprehensive review of 50 research papers. Employing a Boolean search strategy, the analysis delves into the influence of environmental, social and governance (ESG) factors on various entities within the Indian financial ecosystem. This chapter explores how sustainable finance practices, embraced by businesses, financial institutions and policymakers, can contribute to long-term economic prosperity while mitigating environmental and social risks. Key findings illuminate opportunities and challenges associated with integrating sustainability principles into financial decision-making. This chapter explores how India’s progress in establishing itself as a significant participant in sustainable finance can be attributed to a variety of key initiatives and policy interventions. The government's dedication to promoting environmental sustainability and facilitating the shift towards a green economy is clearly demonstrated through the implementation of diverse regulations and frameworks by regulatory entities. This chapter provides valuable guidance for stakeholders seeking to leverage sustainable finance for a more resilient and inclusive Indian economy.
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Bhupinder Singh and Christian Kaunert
The evolving landscape of digital transformation, businesses are increasingly recognising the intrinsic link between technological innovation, sustainability and the critical role…
Abstract
The evolving landscape of digital transformation, businesses are increasingly recognising the intrinsic link between technological innovation, sustainability and the critical role of photovoltaic (PV) cells in smart cities. This nexus represents a compelling proposition, not only for addressing the imperatives of business sustainability but also for achieving United Nations Sustainable Development Goal 11 – the aspiration for sustainable and resilient urban communities. The use of PV cells within smart city infrastructure serves as an exemplar of how digital transformation can be harnessed to drive sustainability and innovation concurrently. With harvesting solar energy through PV cells, smart cities can reduce their carbon footprint, enhance energy efficiency and offer cleaner, more sustainable living environments for their inhabitants. This chapter investigates how the integration of PV cells in smart city infrastructure not only aligns with SDG11 but also serves as a potent catalyst for turbocharging digital transformation endeavours, fostering business sustainability and fuelling innovation.