Managing business model innovation for relocalization in the process and manufacturing industry
Journal of Business Chemistry
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Geissdoerfer, M., & Weerdmeester, R. (2019). Managing business model innovation for relocalization in the process and manufacturing industry. Journal of Business Chemistry, 2019(1) (02), 11-25. https://doi.org/10.17879/76199421565
More and more industrial activities are performed outside of Europe. INSPIRE is a project, that is driven by the European process industry in order to facilitate the relocalization of process industry value chain activities to Europe. Within the project four business model archetypes (BMA) that facilitate this relocalization were identified: decentralization and modularization, mass customization, servitization and product service systems (PSS), circular business model, by name Re-use, Recycle and Sustainability (RR&S). For companies that want to adopt these business models, we have developed four INSPIRE Tools to integrate flexibilization into process industry business models concepts: Technologies Dashboard for the 5 INSPIRE BMA’s1, Business Model Innovation (BMI) Game, BMI Decision Support Tool for each BMA, and Business Model Archetype Revenue Pattern Map. This article presents the main results and partly reprints other relevant aspects from the INSPIRE deliverable D 4.4. It aims to provide recommendations for decision makers to choose the right business model given their specific context and key parameter.
External DOI: https://doi.org/10.17879/76199421565
This record's URL: https://www.repository.cam.ac.uk/handle/1810/290769
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