The aim of this article is twofold: to consider the interrelation between the two constructs of both business and financial models, and to propose a framework approach for transforming business model components based on the financial model investigation. We consider the financial model as a projection of the business model into formal financial language. The paper has a conceptual research character. Based on well-established terms we introduce the method of business model changing. We employ both methods of relationship matrix and morphological matrix to rank the business model components for changing based on sensitivity analysis of the business model, and propose a formal logic of generating ideas for these changes. The proposed method should complement other methods of business model change, especially ones that are focused on the analysis of the firm's external environment. The paper contributes to the methods of business model changing. The study has limitations. In particular, the paper shows only the opportunities of using the sensitivity analysis to rank business model changes, while other methods of financial analysis could give crucial information about business model behavior under different conditions: risks, explanation, robustness, etc. Further research should expand and formalize the analysis of financial models with aim of business model reconfiguration.

Translated title of the contributionТрансформация бизнес модели на основе анализа финансовой модели компании
Original languageEnglish
Title of host publicationProceedings - 2022 8th International Conference on Information Management, ICIM 2022
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages246-250
Number of pages5
ISBN (Electronic)978-1-6654-5174-1
ISBN (Print)9781665451741
DOIs
StatePublished - 15 Aug 2022
Event8th International Conference on Information Management ICIM 2022
- Cambridge, United Kingdom, Кембридж, United Kingdom
Duration: 25 Mar 201827 Mar 2022
http://www.icim.org/

Publication series

NameProceedings - 2022 8th International Conference on Information Management, ICIM 2022

Conference

Conference8th International Conference on Information Management ICIM 2022
Abbreviated titleICIM 2022
Country/TerritoryUnited Kingdom
CityКембридж
Period25/03/1827/03/22
Internet address

    Research areas

  • —business models reconfiguration, business model renewal, business model components, financial model., business model renewal, business model components, business models reconfiguration, financial model

    Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Information Systems and Management
  • Artificial Intelligence
  • Information Systems
  • Safety, Risk, Reliability and Quality
  • Computer Science Applications
  • Media Technology

ID: 98223995