scholarly journals Characteristics of Smart Sustainable City Development: Implications for Project Management

Smart Cities ◽  
2018 ◽  
Vol 1 (1) ◽  
pp. 75-97 ◽  
Author(s):  
R. Schipper ◽  
A. Silvius
Keyword(s):  
Project Management ◽  
Concept Maps ◽  
Business Models ◽  
City Development ◽  
Long Term Effects ◽  
Rapid Urbanization ◽  
Societal Issues ◽  
Digital World ◽  
New Business ◽  
The Impact

Projects and project management (PM) are becoming a way of working, and many changes in society have evolved because of projects. However, will the societal agenda also influence the project management discipline? Societal issues generated by urban population growth and rapid urbanization arise in cities. Making a city “smart” and sustainable is emerging as a strategy to mitigate these issues. How does this development impact project management? In order to answer this question, we performed meaningful learning by mapping the concepts for Smart Sustainable Cities (SSC) and project management and developing prior and post concept maps. We identified four major findings describing the implication of societal issues on project management: quality of life acts as a societal objective for PM; PM governs autonomous projects with new business models; and PM success criteria are related to stakeholders and long-term effects, as well as extensive connection to the digital world with consideration of the privacy and ethics. From this, we were able to redefine the definition of project management as “a collaborative endeavor of all affected stakeholders equivalently participating in exploring and exploiting, via an autonomous temporary organization, fit-for-purpose deliverables with connections to the digital platform, thereby aiming to prepare the entities of the affected stakeholders for the future”. Our study is novel and relevant for PM and SSC practice: societal issues are on the strategy agenda of many governments and companies, and these will drive the projects that are performed in this environment. The project management community should align with this development, since these challenges are part of their environment. As a start, a comprehensive understanding of the impact of societal issues is relevant to build new definitions, competences, and supporting processes.

Arts, Culture and the City: An Overview

2020 ◽  
Vol 46 (2) ◽  
pp. 10-21
Author(s):  
Charles Landry
Keyword(s):  
Business Models ◽  
Creative Economy ◽  
City Development ◽  
The Arts ◽  
Industrial Buildings ◽  
Social Innovations ◽  
New Business ◽  
Culture Heritage ◽  
Physical Assets ◽  
Social Importance

More people, more organizations, more towns, cities, regions and countries for more reasons have found that over the last 30 years the arts, their broader culture and overall creativity has something in it for them in renewal and revitalization. Over the last decade there have been over a hundred studies of the economic and social importance or impact of the arts, culture, heritage, the recycling of buildings for cultural purposes, creative quarters and the creative economy across the world. Yet there is much more to the arts, culture and creativity in city development. Places in transition urgently need to develop an overall culture of creativity cu ing across all domains within which the arts can be significant. This can be a painful exercise as old certainties crumble and systems, like education, need rethinking. Yet this can unleash new social innovations, new business models and new forms of citizen engagement. Renewal and transformation together are a cultural project involving a shift in mindset and perspective. Creativity is a primary resource as it creates the conditions from which innovations can emerge. Within this the creative economy sectors, especially when aligned to the dramatic digitization dynamic, play a significant role in developing new products and services, generating jobs, anchoring identity and helping expression. Cultural activities and programming and the physical assets of places, their heritage and older industrial buildings are significant elements in the renewal repertoire.

scholarly journals Legacy Digital Transformation: TCO and ROI Analysis

2021 ◽  
Vol 12 (3) ◽  
pp. 163-170
Author(s):  
Ravi Kiran Mallidi ◽  
Manmohan Sharma ◽  
Jagjit Singh
Keyword(s):  
Return On Investment ◽  
Business Models ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Digital World ◽  
New Business ◽  
Core Elements ◽  
Business Needs ◽  
Security Organizations

Legacy Digital Transformation is modernizing or migrating systems from non-digital or older digital technology to newer digital technologies. Digitalization is essential for information reading, processing, transforming, and storing. Social media, Cloud, and analytics are the major technologies in today's digital world. Digitalization (business process) and Digital Transformation (the effect) are the core elements of newer global policies and processes. Recent COVID pandemic situation, Organizations are willing to digitalize their environment without losing business. Digital technologies help to improve their capabilities to transform processes that intern promote new business models. Applications cannot remain static and should modernize to meet the evolving business and technology needs. Business needs time to market, Agility, and reduce technical debt. Technology needs consist of APIs, better Security, Portability, Scalability, Cloud support, Deployment, Automation, and Integration. This paper elaborates different transformation/modernization approaches for Legacy systems written in very long or End of Life (EOL) systems to newer digital technologies to serve the business needs. EOL impacts application production, supportability, compliance, and security. Organizations spend money and resources on Digital Transformation for considering Investment versus Return on Investment, Agility of the System, and improved business processes. Migration and Modernization are critical for any Legacy Digital Transformation. Management takes decisions to proceed with Digital Transformation for considering Total Cost Ownership (TCO) and Return on Investment (ROI) of the program. The paper also includes a TCO-ROI calculator for Transformation from Legacy / Monolithic to new architectures like Microservices.

Industry 4.0 and Sustainability

2020 ◽  
pp. 67-84
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

The Value of the Company and Sustainable Development

2020 ◽  
pp. 319-336
Author(s):  
Iwona Dorota Bąk ◽  
Beata Szczecińska
Keyword(s):  
Social Media ◽  
Sustainable Development ◽  
Business Models ◽  
Environmental Regulations ◽  
Economic Value ◽  
New Business ◽  
The Impact ◽  
The Voice ◽  
New Business Models

The aim of the study is to attempt to systematize the concept of economic value that takes into account elements of sustainable development. At the same time, it is the voice in the ongoing discussion on the purpose and methods of valuation of the company's value. The measure of strength of each enterprise is its value expressed in monetary units. Due to differences in the results of the valuation of enterprises made by groups of experts representing such disciplines as finance, taxes, or marketing, there was a need to identify sources and to analyze more precisely the resulting discrepancies. The values of the enterprise should include both measurable and hard to measure values, which largely differentiate economic units from each other. The need for a wider perspective on the data published by enterprises appeared along with new business models, changes in consumer trends, environmental regulations, or the impact of social media.

Internet Technology-Based Tools Utilization in the Workplace of Contemporary Organizations

2009 ◽  
pp. 570-576
Author(s):  
Janusz Wielki
Keyword(s):  
Work Environment ◽  
Business Models ◽  
Small Degree ◽  
Digital Economy ◽  
Internet Technology ◽  
The Internet ◽  
Internal Work ◽  
New Business ◽  
The Impact ◽  
New Business Models

Currently there are many studies which deal with the impact of the Internet and Internet technology-based tools on organizations. Most of them are focused on such issues as the opportunities which have emerged with the development of the digital economy, possible new business models, establishing new kind of relations with customers, and security aspects. The impact of Internet technology-based tools on the internal work environment of organizations is an issue which is relatively rarely analyzed. Although more and more publications concerning this field are being released, they are only focused to a small degree on the challenges connected with the utilization, and, particularly, the misuse, of Internet technology-based tools in the workplace. Thus, this article is an attempt to deal with this issue in a more holistic way.

scholarly journals Information Technology Outsourcing Chain: Literature Review and Implications for Development of Distributed Coordination

2019 ◽  
Vol 11 (5) ◽  
pp. 1460 ◽  
Author(s):  
Malgorzata Pankowska
Keyword(s):  
Information Technology ◽  
Project Management ◽  
Literature Review ◽  
Enterprise Architecture ◽  
Business Models ◽  
It Outsourcing ◽  
Strategy Development ◽  
Science Literature ◽  
Distributed Coordination ◽  
New Business

The paper aims to analyse how the management science literature explains sustainable coordination and management of Information Technology (IT) outsourcing chains. The IT outsourcing theories,—that is, transaction cost theory, theory of agency, resource based view, activity based theory, contractual theory, partnership and alliance theory and stakeholder theory—are applied as a background to the analysis. A systematic literature review reveals that IT outsourcing is developed in collaborative networks and chains. There are some mechanisms identified in the literature for outsourcing chains’ management, interchain sustainability, coordination and interchain activities’ cohesion. The complexity of outsourcing relationships presented among outsourcers and outsourcees stimulate looking for new business models. Furthermore, outsourcing chains research would benefit from considering strategy-based theoretical discussions, relationship modelling and project management. The literature survey aims to present outsourcing chains in different aspects, that is, dynamics and agility, communication in chains, compensation and compliance, contracting, stakeholders, decision making models, governance problems, integration, performance measurement, project management and strategy development. This paper intends to emphasize that interchain coordination can be improved by enterprise architecture modelling as well as by the application of blockchain economy.

scholarly journals New Media Technology and New Business Models: Speculations on ‘Post-Advertising’ Paradigms

2009 ◽  
Vol 133 (1) ◽  
pp. 110-119 ◽  
Author(s):  
Jing Wang
Keyword(s):  
New Media ◽  
Business Models ◽  
Primary Source ◽  
Media Technology ◽  
Digital Copyright ◽  
Technology And Culture ◽  
New Business ◽  
Open Content ◽  
Revenue Models ◽  
The Impact

This article offers some speculations on the challenge that new media technology poses to the concept and practice of advertising, particularly the impact of open-content technology. It canvasses a number of globalising trends, notably Web 2.0 technology and culture, user-generated content, and the industry buzz about emerging business models enabled by 2.0. As digital marketing has taken shape and become more technologically driven than ever, advertising is no longer the only, nor even the primary, source of revenue for new media. Apart from mapping the new terrain, the paper examines some 2.0 revenue models for the purpose of inviting researchers to think beyond the parameters set by plain old advertising. On the methodological front, the paper argues that keeping ourselves abreast of new revenue strategies brings to the fore a number of key areas of investigation hitherto understudied by academic advertising researchers, in particular media technology and digital copyright protocols.

scholarly journals Security of Digital Transformation of the Financial Market

2019 ◽  
Vol 9 (2) ◽  
pp. 3572-3577
Keyword(s):  
Financial Market ◽  
Business Models ◽  
Personal Information ◽  
Digital Transformation ◽  
Security Systems ◽  
Corporate Networks ◽  
Digital World ◽  
Catching Up ◽  
New Business ◽  
Transformation Processes

Successful digital transformation requires paying increased attention to security. Some of the world's largest companies have been victims of cyberattacks. Internet Protocol addresses, personal information and finance are constantly at risk. In the digital world content, corporate networks of the past no longer exist. Security must be built directly into all applications. However, many companies delay the strengthening of their security systems until it is too late. According to Gartner, until 2020, 99% of vulnerabilities in operating systems have been known to IT security specialists for at least a year. This means that companies must first eliminate the existing vulnerabilities that they know. According to some estimates, almost 85% of the participants in the financial market call digital transformation the main priority for the next 3–4 years, because they see in it not only cost reduction, but also the possibility of creating new business models, new communication with the client, and, in fact, new sources of income. Recently, the financial system of Russia has been catching up with the West in terms of digitalisation and now it is developing faster than Western markets. All this suggests the need for closer attention to ensuring the security of transformation processes taking place in the financial market

scholarly journals Public University Models for Education – from Innovation to Entrepreneurship

2017 ◽  
Author(s):  
Peter Oneill ◽  
Nell Kimberley ◽  
Chih Wei Teng
Keyword(s):  
Business Models ◽  
Innovation Policy ◽  
Public Funding ◽  
Quadruple Helix ◽  
Economic Wealth ◽  
Transmission Mechanisms ◽  
New Business ◽  
Innovation Model ◽  
Innovation Approach ◽  
The Impact

The management of Australian public universities has changed dramatically over the last two decades with the decrease in public funding across teaching and research sectors. This has forced a strategic repositioning of universities and likewise a rethink on value generation and its translation into various revenue streams. The aim of this paper is to provide an analysis of current government innovation policy and university capabilities to support the translation of innovation, and in so doing explore the possibilities of a Quadruple Helix innovation approach to building new models for education. The paper begins by examining the significant role innovation plays in developing economic wealth, and a discussion of the triple helix framework that identifies the complex collaborative relationships between universities, government and industry. The development of a Quadruple Helix Innovation Model, which places the user at the centre of the relationship, highlights the importance of capabilities in the transmission mechanisms driving innovation. We argue that the measurement of appropriate capabilities formed through collaborations amongst key stakeholders will be critical to new business models. Universities are encouraged to embrace the user value driven business models to provide the innovation, execution and disruption necessary to quadruple the impact on national growth.

scholarly journals DIGITAL GLOBALIZATION IN THE ERA OF THE FOURTH INDUSTRIAL REVOLUTION: POTENTIAL FOR TRANSFORMATION

2021 ◽  
Author(s):  
Olena Dovgal ◽  
◽  
Georgiy Dovgal ◽  
Keyword(s):  
International Trade ◽  
Business Models ◽  
Industrial Revolution ◽  
Production Costs ◽  
Fourth Industrial Revolution ◽  
Digital Infrastructure ◽  
The World ◽  
New Business ◽  
The Impact ◽  
New Business Models

The article considers the potential for transformation of the world economy under the influence of digital globalization in the era of the fourth industrial revolution. It is substantiated that within the framework of digital globalization the paradigm of organization of production, configuration and content of international trade are changing. At the same time, the process of digitalization leads to qualitative changes in all spheres of production, economic and trade activities around the world. Formation of production technological processes using the Internet of Things, modules of artificial intelligence and 3D-printing allows to reduce production costs and increase the competitiveness of products. Attention is focused on the essence of the changes taking place, the directions of the vectors of economic development in the context of the changing digital space. Particular attention is paid to the functioning of new business models (in particular, digital platforms), the transformation of the structure, configuration, forms and methods of international trade, as well as the impact of ongoing processes on international competitiveness. An important place is given to the problems of e-commerce, the content of the processes taking place in this segment of international economic relations. Some approaches to solving the problems of digitalization at the international and national levels are proposed. In the global dimension, it is important to ensure, through the adoption of binding legal documents for WTO member states on the freedom of information exchange, aimed at stimulating innovative development, promoting the removal of barriers in the e-commerce segment, encouraging investment in digital infrastructure and human capital. . The development of the country's digital potential and digital infrastructure involves the implementation of localization measures, ie requires the creation of national platforms for the accumulation and storage of information. It is concluded that the global process of digitalization creates the potential for dynamic development of new business models, stimulates productivity and increases competitiveness.

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