IDEAS home Printed from https://ideas.repec.org/a/cmj/networ/y2018i12p121-130.html
   My bibliography  Save this article

Innovation, A Key Element Of Business Models In The Fourth Industrial Revolution

Author

Listed:
  • Dragos TOHANEAN

    (The Bucharest University of Economic Studies)

  • Sorin-George TOMA

    (University of Bucharest)

Abstract

The aim of the paper is to present the relationship between the concepts of innovation and business models in the Fourth Industrial Revolution. In this respect, the authors present the case of a German company, Deutsche Bahn (DB). Innovation constitutes a core factor that will secure our society's prosperity in the future, as it creates real and sustainable value. A key element in the successful path to Industry 4.0 is the expansion of new technologies or processes towards the development of innovative business models. The continuous worldwide changes, the shift from physical to digital or from closed-sources to open-sources and the new ways of doing business (networks) lead to the development of companies by creating and implementing business models in which innovation is constantly required. In order to reach the aim of the paper the authors used a quantitative research method and a case study. The findings of the research showed that innovation represents a key element in developing new business models that lead to better performances in any company that aims to be part of the Fourth Industrial Revolution.

Suggested Citation

  • Dragos TOHANEAN & Sorin-George TOMA, 2018. "Innovation, A Key Element Of Business Models In The Fourth Industrial Revolution," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 12, pages 121-130, December.
    • Handle: RePEc:cmj:networ:y:2018:i:12:p:121-130
    as

    Download full text from publisher

    File URL: http://seaopenresearch.eu/Journals/articles/NIS_12_6.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. de Vries, Jan, 1994. "The Industrial Revolution and the Industrious Revolution," The Journal of Economic History, Cambridge University Press, vol. 54(2), pages 249-270, June.
    2. Gault, Fred, 2018. "Defining and measuring innovation in all sectors of the economy," Research Policy, Elsevier, vol. 47(3), pages 617-622.
    3. Andrew Atkeson & Patrick J. Kehoe, 2001. "The transition to a new economy after the Second Industrial Revolution," Working Papers 606, Federal Reserve Bank of Minneapolis.
    4. Dosi,Giovanni & Galambos,Louis & Gambardella,Alfonso & Orsanigo,Luigi (ed.), 2013. "The Third Industrial Revolution in Global Business," Cambridge Books, Cambridge University Press, number 9781107028616, November.
    5. Jeremy Greenwood, 1999. "The Third Industrial Revolution," Economic Review, Federal Reserve Bank of Cleveland, issue Q II, pages 2-12.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Toma Sorin-George, 2024. "Effective Leadership: The Ferguson Way," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 140-147, December.
    2. Cătălin Grădinaru & Sorin-George Toma & Ștefan Catană, 2020. "Innovation Around the World: An Analysis of the Top 10 Most Innovative Companies in the Period 2018-2020," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 340-346, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rodolfo E. Manuelli & Ananth Seshadri, 2014. "Frictionless Technology Diffusion: The Case of Tractors," American Economic Review, American Economic Association, vol. 104(4), pages 1368-1391, April.
    2. Schiff, Maurice & Wang, Yanling, 2004. "On the quantity and quality of knowledge - the impact of openness and foreign research and development on North-North and North-South technology spillovers," Policy Research Working Paper Series 3190, The World Bank.
    3. Rodolfo E. Manuelli & Ananth Seshadri, 2003. "Frictionless technology diffusion: the case of tractors," Proceedings, Federal Reserve Bank of San Francisco, issue nov.
    4. Mohajan, Haradhan, 2015. "Sustainable Development Policy of Global Economy," MPRA Paper 82815, University Library of Munich, Germany, revised 30 Mar 2015.
    5. Baldwin, Carliss Y. & Bogers, Marcel L.A.M. & Kapoor, Rahul & West, Joel, 2024. "Focusing the ecosystem lens on innovation studies," Research Policy, Elsevier, vol. 53(3).
    6. Li, Zhaochen & Xu, Zimu, 2025. "Digital technology and innovation:The impact of blockchain application on enterprise innovation," Technovation, Elsevier, vol. 139(C).
    7. Fatih Guvenen & Burhanettin Kuruscu, 2010. "A Quantitative Analysis of the Evolution of the US Wage Distribution, 1970–2000," NBER Chapters, in: NBER Macroeconomics Annual 2009, Volume 24, pages 227-276, National Bureau of Economic Research, Inc.
    8. Ladi Daodu & Prof. Dr. Amiya Bhaumik, 2024. "Impacts of Innovation and Business Analytics on the Performance of the Service Sector in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(6), pages 77-91, June.
    9. Jacek Skudlarski & Alina Burliai & Ruslan Mudrak & Ihor Smerteniuk, 2021. "Trends of Innovative Development of Agricultural Business in the Context of Climate Changes," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 136-146, June.
    10. Koellinger, Ph.D. & Schade, C., 2010. "The Influence of Installed Technologies on Future Adoption Decisions: Empirical Evidence from E-Business," ERIM Report Series Research in Management ERS-2010-012-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    11. Maciej Jagódka & Małgorzata Snarska, 2021. "The State of Human Capital and Innovativeness of Polish Voivodships in 2004–2018," Sustainability, MDPI, vol. 13(22), pages 1-20, November.
    12. Stephen Broadberry & Kyoji Fukao & Tokihiko Settsu, 2025. "How Did Japan Catch-Up With the West? Some Implications or Recent Revisions to Japan’s Historical Growth Record," Oxford Economic and Social History Working Papers _216, University of Oxford, Department of Economics.
    13. Ma Asunción Esteso-Blasco & María Gil-Marqués & Juan Sapena, 2021. "Leadership in Economy of Communion Companies. Contribution to the Common Good through Innovation," Humanistic Management Journal, Springer, vol. 6(1), pages 77-101, April.
    14. Harald Edquist & Magnus Henrekson, 2006. "Technological Breakthroughs and Productivity Growth," Research in Economic History, in: Research in Economic History, pages 1-53, Emerald Group Publishing Limited.
    15. Michael Yao-Ping Peng & Li Zhang & Meng-Hsiu Lee & Fang-Yih Hsu & Yan Xu & Yuan He, 2024. "The relationship between strategic human resource management, green innovation and environmental performance: a moderated-mediation model," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    16. Chiswick, Barry R., 2005. "High Skilled Immigration in the International Arena," IZA Discussion Papers 1782, Institute of Labor Economics (IZA).
    17. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2011. "Is Anonymity the Missing Link Between Commercial and Industrial Revolution?," The Warwick Economics Research Paper Series (TWERPS) 974, University of Warwick, Department of Economics.
    18. Jeon, Heesang, 2015. "Knowledge and Contemporary Capitalism in Light of Marx's Value Theory," Thesis Commons g5njk, Center for Open Science.
    19. Broadberry Stephen, 2012. "Recent Developments in the Theory of Very Long Run Growth: A Historical Appraisal," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 53(1), pages 277-306, May.
    20. Davine N. G. Janssen & Eunice Pereira Ramos & Vincent Linderhof & Nico Polman & Chrysi Laspidou & Dennis Fokkinga & Duarte de Mesquita e Sousa, 2020. "The Climate, Land, Energy, Water and Food Nexus Challenge in a Land Scarce Country: Innovations in the Netherlands," Sustainability, MDPI, vol. 12(24), pages 1-27, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cmj:networ:y:2018:i:12:p:121-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serghie Dan (email available below). General contact details of provider: https://seaopenresearch.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.