Abstract
In this paper, we present our software-supported method for analyzing the economic feasibility of business models. The method integrates the business models and business processes perspectives for analyzing how a company appropriates the financial cost and benefits. In this method, we use the Service-Dominant Business Model Radar to specify business models, then translate the specified business model into a business process for analyzing the financial feasibility of a business model. At the final step in our method, we use the generated business process in the previous step with a software-based tool, The Cost-Benefit Tracker, for analyzing the economic potential of the business model. We designed and developed the Cost-Benefit Tracker as a simple software-based BPMN 2.0 tool by integrating the concepts of the Service-Dominant Business Model Radar tightly. As a result, the software is simple and straightforward to use than enterprise BPMN 2.0 software. Hence, entrepreneurs can use the present ed software-supported method to financially evaluate business model concepts specified with the Service-Dominant Business Model Radar.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 30th Central European Conference on Information and Intelligent Systems |
| Publisher | Faculty of Organization and Informatics (FOI), University of Zagreb |
| Chapter | javascript:void(0); |
| Pages | 161 |
| Number of pages | 172 |
| DOIs | |
| Publication status | Published - 26 Sept 2019 |
| Externally published | Yes |
Keywords
- Entrepreneurship
- Innovation
ASJC Scopus subject areas
- Information Systems
Classification according to Österreichische Systematik der Wissenschaftszweige (ÖFOS 2012)
- 202022 Information technology
Applied Research Level (ARL)
- ARL Level 4 - Experimental setup in laboratory-like conditions
Research focus/foci
- Future Service Industries
