Browsing by Subject "business models"

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  • Lahti, Tom; Wincent, Joakim; Parida, Vinit (2018-08-07)
    This paper contains a theory review of value creation and the implementation of next-generation sustainable business models to profit in the circular economy. While previous research has pointed to the influence of society and regulatory policy on companies’ ability to address larger sustainability concerns and to change their ways of working, the field suffers from little theoretical guidance outlining how undertake circular business mode transformation in practice. By reviewing the field’s main theories, we illustrate significant implications for how future research can study profitability and competitiveness in the circular economy. This paper introduces the central components of circular business models and discusses links to contingency theory, transaction cost theory, resource-based theory, theory on networks and industrial economics, and agency theory. Understanding the circular economy and the ways companies can compete in the circular economy based on these theories is important for establishing important new research directions for scholars of sustainable business and circular business models.
  • Shen, Cenyu (Hanken School of Economics, 2020-05-27)
    Digital technologies have brought good opportunities for innovation in the scholarly publishing industry, including the Open Access (OA) model, which makes peer reviewed journal articles freely available on the Internet. Over time, alternative approaches and strategies to fund and support OA publishing activities have surfaced. The primary mechanisms for providing content OA include journals publishing articles directly as OA (Gold OA) or by authors archiving manuscript of articles in subscription journals in other web-based services (Green OA). Among different business models for gold OA publishing, the article processing charge (APCs) model has been a common path chosen by established major publishers. However, the introduction of APC-funded OA has also given rise to the problem of ‘predatory’ publishers, which has seriously damaged the reputation of OA publishing. Another problem is the increasing difficulties faced by the non-APC funded publishers either to sustain their journals financially or stay competitive to attract authors. This thesis examines the situation of three distinct types of gold OA journals, which includes early independent scholar-led (‘indie’) OA journals, ‘predatory’ OA journals and Chinese-language OA journals. The overall purpose is to offer a varied perspective on the landscape of gold OA journals and therefore provide a fuller understanding of gold OA. Quantitative methods using bibliometrics and web observations were used, further complemented by qualitative methods in the form of case studies and interviews. The thesis consists of three articles each focusing on one specific group of gold OA journals. The study of ‘indie’ journals shows that nearly half of them remain active with a relatively small publishing volume beyond the initial 6-9 years and that most of them had found other alternatives than to rely on APCs to finance themselves. The five related case journals present different development trajectories. The longitudinal development of the number of journals and article volumes of ‘predatory’ OA publishers indicates that this market was rapidly growing between 2010 and 2014. The estimated volume in 2014 rivalled that of OA journals indexed in DOAJ at the time. However, ‘predatory’ OA publishing can be seen as mainly a regional problem in terms of the distribution of publishers and authors across countries. The study of Chinese-language OA journals finds that most of the OA journals in China are published in Chinese and that they are mainly published by universities and scholarly societies. A prominent problem for the successful publishing of the journals which were studied with the support of interviews is the lack of a sufficient number of high quality manuscript submissions. Their operational situation is further exacerbated by their financial instability which is identified as the main barrier to internationalization.
  • Björk, Bo-Christer (2021-02-05)
    The Journal of Information Technology in Construction (ITcon), was founded in 1996, using the new innovative open access business model enabled by the World wide web. A quarter century later Open Access (OA) journals have established themselves in all fields of science, in particular in biomedicine, so that around a fifth of all high quality peer reviewed articles are currently published in OA journals. In building and construction there are half a dozen active full OA journals, although ITcon remains the only one dedicated specifically to construction IT research. The development of OA has been slower than anticipated in the early years. An analysis using Michael Porter’s five forces model of the competitive environment of scholarly publishing helps to highlight the reasons for this. Particularly important as a barrier to change is the strong emphasis in academic evaluations on impact factors, which favors old established journals. Despite such hurdles OA continuously grows in importance and pioneering journals like ITcon have helped to pave the way.
  • Parida, Vinit; Burström, Thommie; Visnjic, Ivanka; Wincent, Joakim (2019-01-16)
    Making the transition to a circular economy is an important goal for society and individual companies, particularly in resource-intensive manufacturing industries. Yet the complexity and interdependencies of such an undertaking mean that no single company can achieve it alone and ecosystem-wide orchestration is necessary. Based on a qualitative study of six large manufacturing companies (ecosystem orchestrators) and their ecosystem partners, we develop a process model that describes the scarcely understood process of ecosystem transformation toward a circular economy paradigm. We provide evidence that ecosystem orchestrators achieve the transition toward a circular economy in two stages: 1) ecosystem readiness assessment and 2) ecosystem transformation. In each stage, specific and complementary mechanisms are deployed. The article elaborates on ecosystem transformation mechanisms and their purpose, use, and interdependencies in moving toward a circular economy paradigm.
  • Parida, Vinit; Wincent, Joakim (2019-03-15)
    This article reviews and discusses how to compete with sustainability by reviewing the literature about sustainability, business models, innovation, and networks. It is an introduction to the special issue on “innovative inter-organizational networks and sustainable economy: current trends and future opportunities” and a call for more research where we examine and outline ideas for how the new and rapidly spreading trends of digitalization, the circular economy, and servitization are force firms to develop new types of competitive advantages. We elaborate upon the transformation needs at firm-level capabilities and business models, as well as network-level changes through the formation of new ecosystems and new ways of engaging in co-creation with partners. These firm and network level transformation discussions are complimented with specific list potential areas for future academic research.