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The Smart City Business Model Canvas—A Smart City Business Modeling Framework and Practical Tool

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  • Paraskevi Giourka

    (Chemical Process and Energy Resources Institute, Center for Research and Technology Hellas, Thermi, GR-57001 Thessaloniki, Greece)

  • Mark W. J. L. Sanders

    (School of Economics, Utrecht University, Kriekenpitplein 21-22, P.O. Box 80125, 3508 TC Utrecht, The Netherlands)

  • Komninos Angelakoglou

    (Chemical Process and Energy Resources Institute, Center for Research and Technology Hellas, Thermi, GR-57001 Thessaloniki, Greece)

  • Dionysis Pramangioulis

    (Chemical Process and Energy Resources Institute, Center for Research and Technology Hellas, Thermi, GR-57001 Thessaloniki, Greece)

  • Nikos Nikolopoulos

    (Chemical Process and Energy Resources Institute, Center for Research and Technology Hellas, Thermi, GR-57001 Thessaloniki, Greece)

  • Dimitrios Rakopoulos

    (Chemical Process and Energy Resources Institute, Center for Research and Technology Hellas, Thermi, GR-57001 Thessaloniki, Greece)

  • Athanasios Tryferidis

    (Information Technologies Institute, Centre for Research and Technology Hellas, Thermi, GR-57001 Thessaloniki, Greece)

  • Dimitrios Tzovaras

    (Information Technologies Institute, Centre for Research and Technology Hellas, Thermi, GR-57001 Thessaloniki, Greece)

Abstract

Cities are challenged with increasing population growth and need to implement smart solutions to become more resilient to economic, environmental, and social challenges posed by ongoing urbanization. This study reviewed business model development frameworks and developed a practical tool to help cities assess business models by adapting components of the Business Model Canvas (BMC) and adding new ones that operationalize the smart city dimensions. The Smart City BMC (SC-BMC) proposed provides a practical framework that supports developing and communicating a more holistic and integrated view of a smart city business model. It also supports creatively innovating toward more sustainable value creation. As a framework, the SC-BMC bridges sustainable value creation for business model development and smart city innovation.

Suggested Citation

  • Paraskevi Giourka & Mark W. J. L. Sanders & Komninos Angelakoglou & Dionysis Pramangioulis & Nikos Nikolopoulos & Dimitrios Rakopoulos & Athanasios Tryferidis & Dimitrios Tzovaras, 2019. "The Smart City Business Model Canvas—A Smart City Business Modeling Framework and Practical Tool," Energies, MDPI, vol. 12(24), pages 1-17, December.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:24:p:4798-:d:298618
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    References listed on IDEAS

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    Cited by:

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    3. Bencsik, Barbara & Palmié, Maximilian & Parida, Vinit & Wincent, Joakim & Gassmann, Oliver, 2023. "Business models for digital sustainability: Framework, microfoundations of value capture, and empirical evidence from 130 smart city services," Journal of Business Research, Elsevier, vol. 160(C).
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