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Managing the actor’s network, business model and business model innovation to increase value of the multidimensional value networks
a Institut Teknologi Bandung, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]© 2018, Universiti Malaysia Sarawak. All Rights Reserved.Recently, there have been significant changes in many industries triggered by the development of new Internet-based technology. New business models have been invented in response to the changes and to keep up with competition, for the most part forcing companies to conduct partnerships or collaborations with different actors in order to fulfill the business’s offering. A partnership with more than two actors then triggers the formation of a strategic network. The aim of this research is to understand the management of the actor’s network, the business model and the business model innovation dimension in the multidimensional value network (MDVNs) in search of increased value outcome. A case study of three MDVNs from different industries is carried out to explain the constellation of the relationship between dimensions and its outcome in value. The findings indicate the two-way relationship between the actor’s network, business model and business model innovation dimensions. The general relationship of the three dimensions then results in a contextualized relationship on multidimensional value nets as the case. The model then becomes a helpful tool for effective business model innovation in the network. Firms are now examining new roles in the industry and the partnership opportunities which then become the basis of the strategic nets formation. As for the managerial implication, the model could facilitate the analysis actor’s network dimensions, business model and activity of business model innovation which bears the different characteristics of each network. It is also possible for the model to evaluate the network effectiveness towards the business model innovation based on value as the outcome.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Business model,Business model innovation,Network[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text]The authors would like to thank an anonymous referee for useful comments and suggestions. The usual disclaimer applies. Funding for this project comes from School of Business and Management, Bandung Institute of Technology Research Grant Scheme.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]