Exploring Business Strategy Modelling with ArchiMate: A Case Study Approach

Kitsios, Fotis; Kyriakopoulou, Maria; Kamariotou, Maria

doi:10.3390/info13010031

Cited by 7 publications

(12 citation statements)

References 67 publications

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“…This study involves an exploratory case study, focusing on the launch of a successful crowdfunding campaign for a new technology start-up company. Case study research is a widely adopted approach within the social science research ( Stake (1995( Stake ( , 2006; Green and Thorogood, (2009) ;Yin, (2014);Stewart (2014) and Kitsios (2022). Case study analysis offers researchers a unique approach in that it involves an in-depth and multi-dimensional analysis that relies on multiple sources of data and methods (Merriam, 2009;Stake, 2006;Yin, 2014).…”

Section: Methodological Approachmentioning

confidence: 99%

“…For the purposes of this exploratory case study, the information was obtained from both primary and secondary sources. Consistent with Kitsios (2022), a series of semi-structured (formal) interviews, as well as unstructured (more informal) conversations, were conducted with the CEO of the company, Patrick McDermott. The CEO was interviewed several times during the research process.…”

Section: Methodological Approachmentioning

confidence: 99%

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role of crowdfunding in delivering entrepreneurship within the hospitality sector: A case study analysis

Johnston

Wang

2022

ECIE

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Over the last decade, crowdfunding, has emerged as a hugely disruptive force within the financial landscape worldwide. Crowdfunding, the process of raising relatively small sums of money from the crowd, via the internet, enables entrepreneurs, particularly at the innovative and new start-ups stage, to access much needed funding, overcoming a “funding gap”. The growth of crowdfunding has been phenomenal. In 2019, an estimated €14 billion was crowdfunded worldwide (Statistia 2020) and the forecast is for the sector to grow to €30 billion by 2025 (Mordo Intelligence, 2020). Initially, crowdfunding gained prominence through funding creative and artistic projects, but over the last number of years, this appeal has spread across a diverse range of businesses and sectors (Bradford 2012 and Research and Markets 2022). In the wake of the 2007-2008 financial crisis and more recently the COVID-19 pandemic, crowdfunding offers entrepreneurs and businesses access to much needed seed funding, but also non-financial benefits in the form of market and product testing, media exposure and customer feedback. Crowdfunding is a relatively new domain for businesses in the hospitality sector. As noted by Belavin, Marinesi and Tsoukalas (2020), crowdfunding offers huge potential for the sector, who often face funding challenges thereby limiting new innovative start-ups, critical for the sector’s long term viability. This case study examined how one entrepreneur in the hospitality sector, successfully crowdfunded an innovative business idea in the wake of the COVID-19 pandemic. The case traces the idea and the factors that shaped the decision to crowdfund. Additionally, the case examines the benefits and challenges involved in successfully crowdfunding the business idea and closes with the entrepreneur reflecting on the key learning from the experience. The contribution of this case study is twofold. Firstly, it serves to highlight the potential of crowdfunding as a funding source of enterprise development, particularly among new, innovative businesses. Secondly, it adds to the current debate, as noted by Belavin, Marinesi and Tsoukalas (2020), of the potential crowdfunding in fostering entrepreneurship and economic development within the hospitality sector.

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Section: Methodological Approachmentioning

confidence: 99%

Section: Methodological Approachmentioning

confidence: 99%

role of crowdfunding in delivering entrepreneurship within the hospitality sector: A case study analysis

Johnston

Wang

2022

ECIE

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“…Continuous strategic planning gives businesses the ability to introduce fresh ideas to stay competitive [27]. An enterprise's strategic planning can be visualized using ArchiMate modeling language as shown by Kitsios et al [28]. Additionally, the MODAF offers the visualization of an enterprise's capabilities and business strategies [8], and similarly, the UAF provides the Strategic viewpoint to visualize the enterprise's capabilities toward achieving its defined vision and goals according to the stakeholders' needs.…”

Section: Enterprise Strategic Planning and The Need For Uaf Extensionmentioning

confidence: 99%

UAF Strategic Planning for Enterprises

et al. 2022

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In this paper, we propose an extension to the Unified Architecture Framework (UAF) Profile to leverage the potential of the widely used SWOT analysis in modeling the UAF strategic viewpoint of an enterprise or System of Systems (SoS). This novel methodology assists with capturing the capabilities an enterprise needs to achieve its goals through the SWOT analysis. Capabilities are key elements in the UAF Strategic viewpoint. Previous works for identifying capabilities only showcase the resulting strategic views without interpreting their ties to the UAF strategic elements. The absence of a common methodology for incorporating strategic planning into the UAF is a potential deterrent for enterprises to accept the UAF. To address this gap, we propose using the SWOT analysis as an established method of strategic planning that has been used for many years in various enterprises. The four SWOT elements, i.e., Strength, Weakness, Opportunity, and Threat, are comparable to the UAF strategic elements Challenge and Opportunity which are the basis for capturing the enterprise capabilities. We extend the UAF profile to enable SWOT elements in the UAF and provide dependency relationships to illustrate traceability between SWOT elements and capabilities. This paper provides two key contributions. First, this work extends the UAF Profile to identify capabilities from SWOT analysis which takes both internal and external conditions of the enterprise into account. Second, we develop the methodology to create the necessary views which trace the SWOT elements to the stakeholders and capabilities. The proposed method is one that enterprises and SoS managers can employ to adopt UAF with minimal to no disruption to their current business processes. We also demonstrate a seamless integration of the SWOT analysis into the UAF. Finally, we use an illustrative example of a hypothetical enterprise to demonstrate the new SWOT diagrams enabled through the proposed extension.

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“…BITA can be achieved through the utilization of Enterprise Architecture (EA) [15][16] [17]. EA is a comprehensive and holistic tool for managing and maintaining alignment between business and IT [4] [8] [18][19] [20]. It assists companies in achieving their goals by designing information technology that supports the integration of business and IT strategies [18][21] [22][23] [24].…”

Section: Introductionmentioning

confidence: 99%

“…EA is a comprehensive and holistic tool for managing and maintaining alignment between business and IT [4] [8] [18][19] [20]. It assists companies in achieving their goals by designing information technology that supports the integration of business and IT strategies [18][21] [22][23] [24]. BITA is crucial management attention that supports managers in achieving organizational goals, improving workflow, increasing profitability, making informed IT investment decisions, maintaining competitive advantage, and enhancing organizational performance [18] [25].…”

Section: Introductionmentioning

confidence: 99%

Business-IT Alignment through Enterprise Architecture in a Strategic Alignment Dimension: A Review

Yoppy Mirza Maulana,

Azmi,

Phon

2023

regist. j. ilm. teknol. sist. inf.

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Business-IT Alignment (BITA) refers to the fit between business and IT strategy. BITA is important for realizing the achievement of organizational goals, enhancing performance, and gaining competitive advantage in an organization. BITA is a crucial concern for organizations and remains a top topic from the perspective of business executives. BITA can be realized through Enterprise Architecture (EA), which is a comprehensive and holistic instrument for managing and maintaining BITA. However, despite numerous literature studies on the BITA model or framework through EA, the research is currently more focused on technology planning than strategic planning. Meanwhile, strategic planning is the most crucial challenge of the EA framework because it is the embodiment of BITA in the strategic alignment dimension. The current study aims to conduct a literature review of BITA through EA in the strategic alignment dimension. This literature study resulted in 25 out of 100 papers and classified into five strategic alignments. The review identified 25 relevant papers out of 100 and categorized them into five strategic alignments. The study's contributions include solutions in the form of stages for developing strategic alignment through EA based on business strategy models. The five stages are as follows: 1) Identification of vision, mission, and goals; 2) SWOT-based strategy analysis; 3) BSC-based strategy mapping; 4) BPMN-based business process mapping; and 5) Determination of IS/IT. This study's impact on further research is that it can be used as a basis for developing BITA through EA, based on the five stages identified.

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Exploring Business Strategy Modelling with ArchiMate: A Case Study Approach

Cited by 7 publications

References 67 publications

role of crowdfunding in delivering entrepreneurship within the hospitality sector: A case study analysis

role of crowdfunding in delivering entrepreneurship within the hospitality sector: A case study analysis

UAF Strategic Planning for Enterprises

Business-IT Alignment through Enterprise Architecture in a Strategic Alignment Dimension: A Review

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