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Business Model and Business Model Innovation” – A Literature Review

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  1.0 Introduction Since the rise of digital technology, literature has tried to grasp just how technology will innovate business models and their applications. The purpose of this report is to outline, define, and critique the literature surrounding business models and business model innovation. Drawing on contemporary examples, this report will compare definitions with current day practices in order to provide a constructive and real-world context to the theories provided. Specifically, we will look at two contemporary trends in business model literature; being the rise of the 'freemium' business model, and the reconceptualization of digital business strategies within overall business models. This report will then provide recommendations for Beta_Digital's business model in the future, based on an analysis of their business model. This is done with the hope that Beta_Digital can utilise our report to innovate and adapt their current business model, to be a leader within t...

A literature review on the risks and rewards of IT insourcing and IT outsourcing to an organization.

Introduction This piece will focus on the risks and rewards of IT outsourcing and IT insourcing to an organisation. A said organisation could be a business, a charity or even a government. While specific industries outsource more than others, IT outsourcing can be seen in almost every industry. IT insourcing and IT outsourcing are not exclusive to either the public or private sector, and often an agreement can involve both sectors working together. Some companies are, in fact, the providers and the customers when it comes to IT outsourcing. This literature review will examine a wide range of academic pieces and give many real-world examples of both practices. This ambition is even though the vast majority of the existing literature is based on IT outsourcing. Find the matrix below which will be used as a fixed reference point to the references and citations made in this piece.   The Risks and Rewards of IT Outsourcing: Literature Review This first topic that the literature investig...

Studies of ‘Kenneth Arrow’s 1963 paper entitled “Uncertainty and the Welfare Economics of Medical Care”

  ‘Kenneth Arrow’s 1963 paper entitled “Uncertainty and the Welfare Economics of Medical Care” identifies the unique characteristics of the health care market and health care commodities. He states that “the list is not exhaustive, and it is not claimed that the characteristics listed are individually unique to this market. But, taken together, they do establish a special place for medical care in economic analysis”. Discuss this statement-making use of applied examples and references where appropriate’.   The American entrepreneur and motivational speaker Jim Rohn once said “Take care of your body it is the only place you have to live” No matter what way one looks at health and health care their importance is infinite. This quote shows the importance of studying healthcare from every perspective. Economically included. When Kenneth Arrow wrote his paper “Welfare Economics of Medical Care” he was correct that the healthcare system as a market brings with it many unique feature...