The Future Role of Multi-business Model Innovation in a World with Digitalization and Global Connected Smart Cities

Abstract

Very few people would argue against that today’s business environments are subjected to more and more instability that has its roots not only in a highly competitive business environments where new distributive business models fueled by the increase in technology advances and the broader society adoptions of theses technology advances, but also the subjection to constant change from hostile takeovers, business reorganizations, joint ventures, organizational mergers. Currently there is no indication that the terms for the business environments would stabilize within the near future, in the contrary, it seems like this trend would continue at an even faster evolution cycles in the future. It is from within these business environments that global cities digitalization has to emerge to crate and facilitate global connected smart cities, this is however at very difficult task to accomplish for the business today, naturally the mentioned instability factors in today’s business environments have some of the blame, however more factors are also contributing to the difficulties for manager today, one of those are the organizational boundaries, when we are considering smart cities from as socio-technical system perspective, it’s very clear that smart cities needs to be facilitated by a business model ecosystems consisting of many different organizations, therefore to an archive high level smartness in the cities, interconnectedness of the different services provides by the different organizations are needed. This is where multi-business model innovation with its business model ecosystem could have a potential positive impact and we conduct a walkthrough of a digital multi-business model innovation tools within the frame of global connected smart cities to explore the potentials.