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:
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
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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
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