Combining Business Model Innovation and Model-based Analysis to Tackle the Deep Uncertainty of Societal Transitions – A Case Study on Industrial Electrification and Power Grid Management
Abstract:Creating new business models is crucial for the implementation of clean technologies for industrial decarbonization. With incomplete knowledge of market processes and uncertain conditions, assessing the prospects of a technology-based business model is challenging. This study combines business model innovation, system dynamics and exploratory model analysis to identify new business opportunities in a context of socio-technical transition and assess their prospects through simulation experiments. Furthermore, i… Show more
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