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Managing business model innovation for relocalization in the process and manufacturing industry

Published version
Peer-reviewed

Type

Article

Change log

Authors

Geissdoerfer, Martin  ORCID logo  https://orcid.org/0000-0002-0789-4428
Weerdmeester, Ron 

Abstract

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.

Description

Keywords

Journal Title

Journal of Business Chemistry

Conference Name

Journal ISSN

1613-9615

Volume Title

2019(1)

Publisher

Universität Münster

Rights

All rights reserved
Sponsorship
EPSRC (1619792)
EPSRC (1619792)