Business models, strategy and innovation in the new world of digitization

Business models, strategy and innovation in the new world of digitization

Peer-reviewed article not indexed in WoS or Scopus

The aim of this article is to specify the business models and their use when companies enter to foreign markets. An integral part of this is the digitization of today ́s world, including business models. The purpose of the article is to map the level of knowledge about business models, the impact of digitization on them and how companies to enter specifically German market from business models point of view. The aim of this article is to compare concept of business model as such, its use and access to digitization. By comparing literary revisions, the author will focus on the Canvas business model, which meets the criteria for entering the foreign markets and its structure and uses it as a “winner” among other models. According to results, it is necessary to prepare internal corporate environment in context to digitization, when trades enter to unknown foreign markets.

The aim of this article is to specify the business models and their use when companies enter to foreign markets. An integral part of this is the digitization of today ́s world, including business models. The purpose of the article is to map the level of knowledge about business models, the impact of digitization on them and how companies to enter specifically German market from business models point of view. The aim of this article is to compare concept of business model as such, its use and access to digitization. By comparing literary revisions, the author will focus on the Canvas business model, which meets the criteria for entering the foreign markets and its structure and uses it as a “winner” among other models. According to results, it is necessary to prepare internal corporate environment in context to digitization, when trades enter to unknown foreign markets.

business models, Canvas business model, Lean Canvas business model, foreign markets, innovation, strategy, digitization, Industry 4.0

business models, Canvas business model, Lean Canvas business model, foreign markets, innovation, strategy, digitization, Industry 4.0

DOMANIŽOVÁ, P.; MILICHOVSKÝ, F.; KUBA, K.

2021

08.07.2020

The Institute of Technology and Business in České Budějovice

České Budějovice

1805-9112

Littera Scripta

13

1

Czech Republic

1

15

16

https://www.littera-scripta.com/business-models-strategy-and-innovation-in-the-new-world-of-digitization/

http://hdl.handle.net/11012/193370

LS2020_1_2_Domanizova