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Business Models Updated for a Digitalized and Sustainable World
Abstract
The mission of this chapter is to reinforce the need to adapt current business models to the new type of economy, which is influenced by the new digitalized world and constant sustainable requirements from external stakeholders. The final outcome of the chapter will be reframing the current business models to fit this current eco-system. The chapter also clarifies the factors that drove this change, the transformations, automation of processes, streamlining of structures, and demanded corporate transparency. The competition is not at a certain level of similar-sized businesses anymore but at an unequal clash of business power intelligence. Being able to understand it and adapt the business models to the newly created reality involves trends understanding and supremacy perfection. This chapter will dive into the business frameworks used nowadays, compare them, and highlight the necessity of adaptation of such to the new type of economic markets. Suggestions for reframing are given, supporting the lean transition to stability in a volatile and continuously progressive economy.
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