Designing business models options for “University of the Future”

A number of key studies have argued universities are in need of new business models in order to stay relevant and sustainable. Drivers of change such as technology, financial support, industry trends and socio-economic ecosystems are dictating higher education sector to re-ex...

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Main Authors:	Ibrahim, Jamaludin, Ahmad Dahlan, Abdul Rahman
Format:	Conference or Workshop Item
Language:	English English
Published:	IEEE 2017
Subjects:	T173.2 Technological change T55.4 Industrial engineering.Management engineering. T57 Applied mathematics. Quantitative methods. Operation research. System analysis
Online Access:	http://irep.iium.edu.my/56539/ http://irep.iium.edu.my/56539/ http://irep.iium.edu.my/56539/ http://irep.iium.edu.my/56539/8/56539-edited.pdf http://irep.iium.edu.my/56539/26/56539-Designing%20business%20models%20options-SCOPUS.pdf

id	iium-56539
recordtype	eprints
spelling	iium-565392018-03-14T04:07:54Z http://irep.iium.edu.my/56539/ Designing business models options for “University of the Future” Ibrahim, Jamaludin Ahmad Dahlan, Abdul Rahman T173.2 Technological change T55.4 Industrial engineering.Management engineering. T57 Applied mathematics. Quantitative methods. Operation research. System analysis A number of key studies have argued universities are in need of new business models in order to stay relevant and sustainable. Drivers of change such as technology, financial support, industry trends and socio-economic ecosystems are dictating higher education sector to re-examine its existing business model and value proposition. The changes are dynamic and complex. It is very difficult to analyse complex problem without proper business modeling tools. Business Model Canvas (BMC) and Value Proposition Design (VPD) are recent tools being used by industry to design, evaluate alternative business models and value propositions. The tools allows us to design business models that create value for the business and value propositions that create value for the customers, thus enabling the creation of sustainable road maps. In this paper we explore the use of BMC as business modeling tool to analyse and design sustainable business models for the University of the Future. Depending on the targeted customer segments and value proposition design, we found design options for the University of the Future. In our opinion this will help university business planners and relevant stakeholders to design sustainable and competitive business model. IEEE 2017-01-05 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/56539/8/56539-edited.pdf application/pdf en http://irep.iium.edu.my/56539/26/56539-Designing%20business%20models%20options-SCOPUS.pdf Ibrahim, Jamaludin and Ahmad Dahlan, Abdul Rahman (2017) Designing business models options for “University of the Future”. In: 4th International Colloquium on Information Science and Technology (CiSt'16), 24th-26th October 2016, Tangier, Morocco. http://ieeexplore.ieee.org/document/7804956/ 10.1109/CIST.2016.7804956
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	T173.2 Technological change T55.4 Industrial engineering.Management engineering. T57 Applied mathematics. Quantitative methods. Operation research. System analysis
spellingShingle	T173.2 Technological change T55.4 Industrial engineering.Management engineering. T57 Applied mathematics. Quantitative methods. Operation research. System analysis Ibrahim, Jamaludin Ahmad Dahlan, Abdul Rahman Designing business models options for “University of the Future”
description	A number of key studies have argued universities are in need of new business models in order to stay relevant and sustainable. Drivers of change such as technology, financial support, industry trends and socio-economic ecosystems are dictating higher education sector to re-examine its existing business model and value proposition. The changes are dynamic and complex. It is very difficult to analyse complex problem without proper business modeling tools. Business Model Canvas (BMC) and Value Proposition Design (VPD) are recent tools being used by industry to design, evaluate alternative business models and value propositions. The tools allows us to design business models that create value for the business and value propositions that create value for the customers, thus enabling the creation of sustainable road maps. In this paper we explore the use of BMC as business modeling tool to analyse and design sustainable business models for the University of the Future. Depending on the targeted customer segments and value proposition design, we found design options for the University of the Future. In our opinion this will help university business planners and relevant stakeholders to design sustainable and competitive business model.
format	Conference or Workshop Item
author	Ibrahim, Jamaludin Ahmad Dahlan, Abdul Rahman
author_facet	Ibrahim, Jamaludin Ahmad Dahlan, Abdul Rahman
author_sort	Ibrahim, Jamaludin
title	Designing business models options for “University of the Future”
title_short	Designing business models options for “University of the Future”
title_full	Designing business models options for “University of the Future”
title_fullStr	Designing business models options for “University of the Future”
title_full_unstemmed	Designing business models options for “University of the Future”
title_sort	designing business models options for “university of the future”
publisher	IEEE
publishDate	2017
url	http://irep.iium.edu.my/56539/ http://irep.iium.edu.my/56539/ http://irep.iium.edu.my/56539/ http://irep.iium.edu.my/56539/8/56539-edited.pdf http://irep.iium.edu.my/56539/26/56539-Designing%20business%20models%20options-SCOPUS.pdf
first_indexed	2023-09-18T21:19:47Z
last_indexed	2023-09-18T21:19:47Z
_version_	1777411803914960896

Designing business models options for “University of the Future”

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