Business Models, Strategy and Innovation in the New World of Digitization

Domanižová, Petra; Milichovský, František; Kuba, Karel

doi:10.36708/littera_scripta2020/1/2

Cited by 5 publications

(3 citation statements)

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“…Anshari and Almunawar (2021) hypothesize that there is a positive relationship between company digital ecosystem readiness and SME adoption of open innovations. The fourth industrial revolution refers to innovation and transformation of production processes (Domanižová, Janíčková and Milichovský, 2021). Veile et al (2019) state that in order to innovate in the sense of the gradual implementation of Industry 4.0 elements, it is necessary for the organizational structure to be characterized by a flat hierarchy and decentralized decision-making, and agility needs to be supported as well.…”

Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Innovation of the production process of engineering companies in relation to business portfolio

Talíř¹,

Straková²

2023

JESI

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The paper is aimed at the innovation process in the context of the business portfolio of micro-enterprises. This type of companies is typical of and prevalent in the southern region of the Czech Republic, and the presented conclusions have general validity. A newly developed method of assessing the innovative technological potential of enterprises called "Business technology assessment system" (BTAS), with the contribution of "Criteria analysis of systems". The research answers the question, what economic efficiency can innovations in the production process bring to SMEs dealing with custom manufacturing in the engineering sector. Technological backwardness including corporate infrastructure was proven. Companies compensate for this shortcoming by an increased focus on satisfying customer needs and a high degree of flexibility and innovation in production. From the point of view of production processes, there is a high degree of interconnectedness between individual operations and sub-processes. The business portfolio of most of these companies is disproportionately broad, and this is reflected in the negative findings in terms of the disproportionate number of methods and technologies that these companies possess, but do not fully utilize. Such behaviour of the companies can be explained by the absence of active creation and updating of business strategy. The economic evaluation of the innovative process (BTAS) proved that the very implementation of innovations did not lead to a major increase in the profit margin. The situation was different when evaluating the benefits of the digitization process, which brought an increase in sales and corporate margins. A completely new finding has been demonstrated, i.e., if a company has unused equipment which brings opportunity costs as well, it is possible to create space for innovation by removing it, and at the same time the sale of equipment can be a significant financial contributor to innovation.

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Section: Entrepreneurship and Sustainability Issuesmentioning

confidence: 99%

Innovation of the production process of engineering companies in relation to business portfolio

Talíř¹,

Straková²

2023

JESI

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“…Predicting the price of stocks is becoming a difficult task for day traders, investors and data scientists. These are complex functions of a wide range of interracting factors that influence the dynamics of price movements [6]. Politics, the social prospects, the company's sales and socio-economic factors affect global perception of stocks, which is influenced by the balance of supply and demand [7].…”

Section: Literature Researchmentioning

confidence: 99%

Evaluation of development of Apple Inc. stock price time series

Horák

Kaisler

2022

SHS Web Conf.

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The paper deals with the the development of a specific company’s stock price time series. The aim of the paper is to use the time series method for a detailed analysis and evaluation of the development of Apple Inc. stock prices. Daily data from 2000 to 2020, daily data from the period of the economic crisis between 2007 and 2009 and daily data from the Covid-19 pandemic period from March 2020 to the end of the same year are used. The data, from the period of 2000 - 2020 show a gradual increase in Apple’s stock prices. The most common factor leading to the increase in stock prices is the launch of a new product or service on the global market. On the contrary, the reason for the decline in stock prices is customer dissatisfaction, the excess of demand over supply, or the political situation. The analysis of time series for the period of the economic crisis points to the fact that thanks to the development, innovation and constant introduction of new products into the market, the company was not significantly affected by the crisis and neither were stock prices. Naturally, there were some fluctuations in prices, but at the end of 2009, the company even reached the highest stock prices in its history to date. The analysis of time series during the global pandemic of Covid-19 shows a steady rise in stock prices. Currently, the company sells more and more products and introduces new services that help us work, study or entertain ourselves in these difficult times, in the safety of our homes.

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“…It is necessary to prepare internal corporate environment in context to digitization, when trades enter to unknown foreign markets [13].…”

Section: Introductionmentioning

confidence: 99%

Research on the development path of China’s cross-border e-commerce industry under the COVID epidemic

Kučera

Zhang

2023

SHS Web Conf.

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The COVID-19 epidemic in 2020 has swept the world, bringing great challenges to Chinese cross-border e-commerce industry, as well as opportunities for development. According to my country's economic survey in the first and second quarters of 2020, the COVID-19 epidemic has caused a sharp drop in the transaction volume of Chinese foreign trade industry, while the crossborder e-commerce industry has grown against the trend. Starting from the characteristics of Chinese cross-border e-commerce industry, this article analyzes the impact of the COVID-19 epidemic on Chinase cross-border e-commerce industry, mainly in the obstruction of logistics and the impact on the global supply chain. Taking Ali International Station as a case analysis, through the formulation of support policies for sellers, investment in digital trade and other measures to help e-commerce sellers to tide over the difficulties, and then put forward suggestions on path selection for Chinese cross-border e-commerce industry to cope with the COVID-19 epidemic.

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Business Models, Strategy and Innovation in the New World of Digitization

Cited by 5 publications

References 0 publications

Innovation of the production process of engineering companies in relation to business portfolio

Innovation of the production process of engineering companies in relation to business portfolio

Evaluation of development of Apple Inc. stock price time series

Research on the development path of China’s cross-border e-commerce industry under the COVID epidemic

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