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allow to shorten the development time (cf. Fountaine et al. 2019, p. 5). A more
dynamic view on business model enhancement could thus offer the option of not
committing to long-term static plans, but rather to dynamized developments ofAI
according to thenecessary roleofAI inbusinessmodel innovation.Theproprietary
AIpathcould thusbeseenasapermanent innovation loop,modifiedby theselected
AI performance.
In viewof the different applications and their various effects, the question arises
as to which derivations entrepreneurs can derive for their company in order to
follow their own AI path. By means of the presented classification scheme, a
derivation of general or standard strategies for entrepreneurs shall be derived. The
previous studies of start-ups and incumbents show a possibility not only to pre-
scribe theAI applicationswith respect to their extent in the classification scheme,
but also todivide themintozones inorder to implya standardization strategybased
on their strategicpotential for the company.These standardization strategies should
give the entrepreneur suggestions for action, based on the zones in which an AI
application is located or has been identified by the user of the scheme. The fol-
lowing strategic implications could be fundby the investigations carriedout in this
chapter and are to be seen as suggestions for the ownAI path of the entrepreneur.
Outsourcing:
Applications that have a (one-sided or two-sided) weak influence on the business
model should be procured, if possible, through offers on the market, i.e. external
providers. By outsourcing, the focus of AI’s in-house development is directed to
more influential applications and is released in their favour.Outsourcing should be
chosen in particular when considering scarce resources.
Incremental:
Applications with a minor up to moderate influence on the business model can
improve it incrementally.At thispoint, companiesmustweighupbetween in-house
development and outsourcing. Especially from a short-term perspective, incre-
mental improvements to the business model are achievable in many ways and
should therefore be constantlymonitored.
Profound:
Applications have the potential to leave behind major changes in the business
model.Suchapplicationscangive thecompanyacompetitiveadvantageandshould
therefore be the long-term goalwith regard to the ownAI path. SuchAI solutions
are usually not offered by external providers, and the focus should be on in-house
development.
Disruptor:
Applications have the greatest potential to change entire industries in the long term
and profoundly. The focus here is exclusively on in-house development and
innovation of the own businessmodel.
AI-Enhanced BusinessModels for Digital… 135
Digital Entrepreneurship
Impact on Business and Society
- Titel
- Digital Entrepreneurship
- Untertitel
- Impact on Business and Society
- Autoren
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Göcke
- Verlag
- Springer Verlag
- Ort
- Cham
- Datum
- 2021
- Sprache
- englisch
- Lizenz
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Abmessungen
- 16.0 x 24.0 cm
- Seiten
- 340
- Schlagwörter
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Kategorie
- International