On Business Model Innovation of Service Industry in Post-Crisis Era
The construction of business models has become the key factor to the success of service industry and service enterprises. Through explaining the connotation and formation mechanism of business models with economic and organizational theories, the paper ap
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On Business Model Innovation of Service Industry in Post-Crisis Era Min Fang
Abstract The construction of business models has become the key factor to the success of service industry and service enterprises. Through explaining the connotation and formation mechanism of business models with economic and organizational theories, the paper applies the business model theories to the tourism industry and suggests a basic theoretical framework for the innovation of business models among tourism enterprises, which also serves as an conceptual analysis tool for Chinese local tourism enterprises’ participation in international competition in post-financial-crisis era. Keywords Tourism
Enterprises
Business Models Innovation
2.1 Introduction Chinese modern tourism industry, starting under the background of globalization, has made huge progress within its 30 years developing history [1]. Tourism enterprises have transformed its task of participating in the international division of labor to the enhancement of international competition, in order that China, the great tourism country, will march toward the world tourism power. In post-financial-crisis era, competition is not a one-dimensional comparison between products, technology, talent, marketing and system, but the competition of system models. The optimal model results in competitive while weak model leads to ‘‘passive, disorder and vicious competition.’’ Priority should be given to
M. Fang (&) Tourism College of Zhejiang Hangzhou, Zhejiang 311231, China e-mail: [email protected]
Y. Yang and M. Ma (eds.), Proceedings of the 2nd International Conference on Green Communications and Networks 2012 (GCN 2012): Volume 4, Lecture Notes in Electrical Engineering 226, DOI: 10.1007/978-3-642-35440-3_2, Ó Springer-Verlag Berlin Heidelberg 2013
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basic skills if the enterprises hope to go to the root of the problem [2]. Enterprises should implement the innovation and transition of business models, which will systematically upgrade the value creation ability. The paper aims to establish a business model structural system for the tourism service enterprises, to analyze the formation mechanism of the business model, action mechanism and the evolution mechanism, to seek business model innovation methods and paths for the tourism service enterprise and to lay the foundation for further practice and perfection of the theoretical system among tourism service enterprises. The research significance is to provide an analysis means for tourism service enterprises during the practices of business models.
2.2 Reviews on Current Researches Home and Abroad 2.2.1 The Rise and Development of Business Model Business model appeared first in academic circle in Accounting Review. However, it was not paid great attention by entrepreneurs, venture capitalists and managers until the end of last century to early this century, that is, with the rise of Internet. Peter Drucker [3], the famous US managerialist defined Business Model as Business Theory in 1994. Dr. Michael Hammer d
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