Business Model Innovation and Decision-Making for the Productive Sector in Times of Crisis

Martínez-Velasco, Antonieta; Terán-Bustamante, Antonia

doi:10.1007/978-3-030-91532-2_8

Cited by 4 publications

(4 citation statements)

References 43 publications

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“…Our results align with more disaggregate methodologies, which place more emphasis on intra-sector links than firm-specific shocks. The transmission of shock from individual enterprises to average variations is stronger and more intense the higher the green digital innovation indicator, which also tries to measure the accumulation of sales (Martínez-Velasco & Terán-Bustamante, 2022 ). Corporation disruptions, in particular, the low concentrated company is highly focused sectors—organization-to-organization covariance concepts, which could be interpreted as evidence of connections—contribute more to the overall volatility of the European economy than shocks (Trad & Kalpić, 2022 ).…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Achieving green tourism through environmental perspectives of green digital technologies, green innovation, and green HR practices

Liang

Wang

2023

Environ Sci Pollut Res

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This study investigates tourism growth with the role of green digital technologies and green human resource management (GHRM) in China. We applied a fuzzy analysis technique using the 130 Chinese tourism SMEs that use digital technology. The study results declared that digitalization in tourism increases automation in both the process and the final product, raising demand and quality. Moreover, green digital technologies are significant in agile innovation and tourism growth. The study’s results extended that green HRM practices have a significant role in Chinese SMEs developing agile innovation, tourism growth, and green digital innovation. These findings were confirmed by using fuzzy robustness tools. The study proposes to achieve SDGs in China’s tourism industry using primitive measures to enhance tourism growth and agile innovation based on green HRM practices and green digital technologies. Such prudent measures suggested improving green digital technologies in the Chinese tourism industry for tourism growth and agile innovation maximization.

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Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Achieving green tourism through environmental perspectives of green digital technologies, green innovation, and green HR practices

Liang

Wang

2023

Environ Sci Pollut Res

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“…This helps practitioners to target innovation behavior rather than the overall corporate goal of improving competitiveness. Our approach is in line with the recently published work of Martínez-Velasco and Terán-Bustamante (2022) who show quantitatively that focusing on key elements that form a BMI is an efficient way to improve decision-making. This article is also a response to repeated requests from several BMI scholars to distinguish between BM and strategy (e.g.…”

Section: Introductionsupporting

confidence: 83%

Business model innovation decisions: the role of group biases and risk willingness

Mueller-Saegebrecht

2024

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PurposeManagers must make numerous strategic decisions in order to initiate and implement a business model innovation (BMI). This paper examines how managers perceive the management team interacts when making BMI decisions. The paper also investigates how group biases and board members’ risk willingness affect this process.Design/methodology/approachEmpirical data were collected through 26 in-depth interviews with German managing directors from 13 companies in four industries (mobility, manufacturing, healthcare and energy) to explore three research questions: (1) What group effects are prevalent in BMI group decision-making? (2) What are the key characteristics of BMI group decisions? And (3) what are the potential relationships between BMI group decision-making and managers' risk willingness? A thematic analysis based on Gioia's guidelines was conducted to identify themes in the comprehensive dataset.FindingsFirst, the results show four typical group biases in BMI group decisions: Groupthink, social influence, hidden profile and group polarization. Findings show that the hidden profile paradigm and groupthink theory are essential in the context of BMI decisions. Second, we developed a BMI decision matrix, including the following key characteristics of BMI group decision-making managerial cohesion, conflict readiness and information- and emotion-based decision behavior. Third, in contrast to previous literature, we found that individual risk aversion can improve the quality of BMI decisions.Practical implicationsThis paper provides managers with an opportunity to become aware of group biases that may impede their strategic BMI decisions. Specifically, it points out that managers should consider the key cognitive constraints due to their interactions when making BMI decisions. This work also highlights the importance of risk-averse decision-makers on boards.Originality/valueThis qualitative study contributes to the literature on decision-making by revealing key cognitive group biases in strategic decision-making. This study also enriches the behavioral science research stream of the BMI literature by attributing a critical influence on the quality of BMI decisions to managers' group interactions. In addition, this article provides new perspectives on managers' risk aversion in strategic decision-making.

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“…A BN is a probabilistic graphic model that represents a set of variables and their conditional dependencies through a directed acyclic graph (DAG). Bayesian networks can represent and solve decision problems under uncertainty; these are called influence diagrams [78].…”

Section: Methodsmentioning

confidence: 99%

“…The learning process accelerates the transformation of ideas into innovations. It is the organization and management of resources to increase the creation of new knowledge and technical ideas toward making new products, processes, and services or improving existing ones [2, 3,10,78,80].…”

Section: Yes/no 18 Sustainability and The Environmentmentioning

confidence: 99%

Innovation and Technological Management Model in the Tequila Sector in Mexico

et al. 2022

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Creativity, ideas, and an entrepreneurial attitude are needed to innovate. However, it is also necessary to have practical instruments that allow innovations to be reflected in the company. One of those tools is technology. This research aims to analyze innovation and technology in the tequila industry through Bayesian networks with machine learning techniques. Likewise, an innovation and technology management model will be developed to make better decisions, which will allow the company to innovate to generate competitive advantages in a mature low-tech industry. A model is made in which the critical factors that influence management innovation and technology optimally to generate value translate into competitive advantages. The evidence shows that the optimal or non-optimal management of knowledge management and its various factors, through the causality of the variables, allow the interrelation to be more adequately captured to manage it. The results show that the most relevant factors for adequate management of innovation and technology are knowledge management, sales and marketing, organizational and technological architecture, national and international markets, cultivation of raw materials, agave, and management, use of waste, and not research and development.

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Business Model Innovation and Decision-Making for the Productive Sector in Times of Crisis

Cited by 4 publications

References 43 publications

RETRACTED ARTICLE: Achieving green tourism through environmental perspectives of green digital technologies, green innovation, and green HR practices

RETRACTED ARTICLE: Achieving green tourism through environmental perspectives of green digital technologies, green innovation, and green HR practices

Business model innovation decisions: the role of group biases and risk willingness

Innovation and Technological Management Model in the Tequila Sector in Mexico

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