Dynamic Business Model Based on Research in Power Electronics Industry

Abstract

The recent global economic crisis has caused an uncertain and challenging business environment and has battered managements that are running businesses all over the world. This paper focuses on new capabilities that can be used successfully in a fast changing business environment for improving firms' efficiency. This research utilizes constructive approach including interviews and case studies. The relevant findings of the study are the elements of the key success factors: entrepreneurial strategy, R&D to market performance, dynamic operational excellence and innovativeness with links to the key actions which have led to new business model called dynamic business model (DBC). This research focuses on power electronics business industry which at the same time is a limitation. This research helps directors and managers to think more widely and make better decisions for the success of the company. This research results bring additional value of the previous studies regarding a firm's key success factors and dynamic capabilities.

An integrated approach for prioritizing lean and agile production factors based on costs of quality with a case study in the home appliance industry

“…If an organization is looking for agility, it should consider these abilities and capabilities. Entrepreneurial strategy, research and development to market performance, dynamic operational excellence and intellectual capital are the capabilities of the dynamic business model that Koskinen et al (2013) proposed for improving competency as a major component of agility. They also addressed resources, knowledge and tools as the elements of their model.…”