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Business Model Innovation: A Journey with Time

 

 

Robin Kumar Agarwal, Ph.D. Scholar, JIS University, Assistant Professor, Asansol Engineering College, robin.mgt@aecwb.edu.in

Dr. Indranil Mutsuddi, Associate Professor & HoD, Faculty of Management Studies, JIS University

Dr. Moumita Roy, Assistant Professor, Faculty of Management Studies, JIS University

Sumanta Karmakar, Assistant Professor, ECE Department, Asansol Engineering College

Gurjeet Singh, Assistant Professor, ECE Department, Asansol Engineering College

Corresponding author: rob.agarwal@gmail.com

 

 

Abstract

A Sustainable and Profitable business system is a dream journey for every stakeholder. Business Model has emerged as a completion factor for achieving such a dream in recent years. Research works show Business Model as a thriving factor to release the real potential of a business, and hence every business needs to simulate their business model for smooth transition in the dynamic business environment. This research work is designed to address such necessity of business model innovation, taking the Ed-Tech segment as a reference. The Ed-Tech world is somewhat incomplete in the absence of digital interface and business model innovation. Irrespective of their start point, all the major transitions in business related to education were found targeting a subscription model as their revenue stream. This paper contributes to the business model literature and adds a window to look at business model innovation as a derivative of time and not a fixed strategic issue.

 

Keywords: Business Model Innovation, Ed-Tech Startups

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