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

Paraskevi Giourka; Mark W. J. L. Sanders; Komninos Angelakoglou; Dionysis Pramangioulis; Nikos Nikolopoulos; Dimitrios Rakopoulos; Athanasios Tryferidis; Dimitrios Tzovaras

doi:10.3390/en12244798

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

Paraskevi Giourka^*, Mark W. J. L. Sanders, Komninos Angelakoglou, Dionysis Pramangioulis, Nikos Nikolopoulos, Dimitrios Rakopoulos, Athanasios Tryferidis, Dimitrios Tzovaras

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

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.

Original language	English
Article number	4798
Number of pages	17
Journal	Energies
Volume	12
Issue number	24
DOIs	https://doi.org/10.3390/en12244798
Publication status	Published - 2 Dec 2019
Externally published	Yes

Keywords

smart cities business models
sustainable business models
business model innovation
INNOVATION
CITIES

Access to Document

10.3390/en12244798Licence: CC BY

Cite this

@article{b0821a91c1f24ad28876831e4f9d1440,

title = "The Smart City Business Model Canvas-A Smart City Business Modeling Framework and Practical Tool",

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.",

keywords = "smart cities business models, sustainable business models, business model innovation, INNOVATION, CITIES",

author = "Paraskevi Giourka and Sanders, {Mark W. J. L.} and Komninos Angelakoglou and Dionysis Pramangioulis and Nikos Nikolopoulos and Dimitrios Rakopoulos and Athanasios Tryferidis and Dimitrios Tzovaras",

note = "Funding Information: This research was funded by European Commission?s H2020 Program, IRIS, GA-774199 at https: //cordis.europa.eu/project/rcn/212411/en. Funding Information: Funding: This research was funded by European Commission{\textquoteright}s H2020 Program, IRIS, GA-774199 at https: //cordis.europa.eu/project/rcn/212411/en. Publisher Copyright: {\textcopyright} 2019 by the authors.",

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AU - Pramangioulis, Dionysis

AU - Nikolopoulos, Nikos

AU - Rakopoulos, Dimitrios

AU - Tryferidis, Athanasios

AU - Tzovaras, Dimitrios

N1 - Funding Information: This research was funded by European Commission?s H2020 Program, IRIS, GA-774199 at https: //cordis.europa.eu/project/rcn/212411/en. Funding Information: Funding: This research was funded by European Commission’s H2020 Program, IRIS, GA-774199 at https: //cordis.europa.eu/project/rcn/212411/en. Publisher Copyright: © 2019 by the authors.

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