The important role of system dynamics investigation on business model, industry and performance management

Purpose: This research studies the development of the evolving dynamic system model and explores the important elements or factors and what detailed attributes are the main influences model in achieving the success of a business, industry and management. It also identifies the real and major differe...

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Main Authors: GOZALI, Lina, ZAGLOEL, Teuku Yuri M., SIMATUPANG, Togar Mangihut, SUTOPO, Wahyudi, GUNAWAN, Aldy, LIANG, Yun-Chia, YAHYA, Bernardo Nugroho, GARZA-REYES, Jose Arturo, IRAWAN, Agustinus Purna, SUSENO, Yuliani
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Language:English
Published: Institutional Knowledge at Singapore Management University 2024
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Online Access:https://ink.library.smu.edu.sg/sis_research/8215
https://ink.library.smu.edu.sg/context/sis_research/article/9218/viewcontent/The_important_role_of_system_dynamics.PDF
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spelling sg-smu-ink.sis_research-92182024-08-21T02:39:42Z The important role of system dynamics investigation on business model, industry and performance management GOZALI, Lina ZAGLOEL, Teuku Yuri M. SIMATUPANG, Togar Mangihut SUTOPO, Wahyudi GUNAWAN, Aldy LIANG, Yun-Chia YAHYA, Bernardo Nugroho GARZA-REYES, Jose Arturo IRAWAN, Agustinus Purna SUSENO, Yuliani Purpose: This research studies the development of the evolving dynamic system model and explores the important elements or factors and what detailed attributes are the main influences model in achieving the success of a business, industry and management. It also identifies the real and major differences between static and dynamic business management models and the detailed factors that influence them. Later, this research investigates the benefits/advantages and limitations/disadvantages of some research studies. The studies conducted in this research put more emphasis on the capabilities of system dynamics (SD) in modeling and the ability to measure, analyse and capture problems in business, industry, manufacturing etc. Design/methodology/approach: The research presented in this work is a qualitative research based on a literature review. Publicly available research publications and reports have been used to create a research foundation, identify the research gaps and develop new analyses from the comparative studies. As the literature review progressed, the scope of the literature search was further narrowed down to the development of SD models. Often, references to certain selected literature have been examined to find other relevant literature. To do so, a supporting tool (that connects related articles) provided by Google Scholar, Scopus, and particular journals has been used. Findings: The dynamic business and management model is very different from the static business model in complexity, formality, flexibility, capturing, relationships, advantages, innovation model, new goals, updated information, perspective and problem-solving abilities. The initial approach of a static system was applied in the canvas business model, but further developments can be continued with a dynamic system approach. Research limitations/implications: Based on this study, which shows that businesses are developing more towards digitalisation, wanting the ability to keep up with the era that is moving so fast and the desire to increase profits, an instrument is needed that can help describe the difficulties of the needs and developments of the future world. This instrument, or tool of SD, is also expected to assist in drawing future models and in building a business with complex variables that can be predicted from the beginning. Practical implications: This study will contribute to the SD study for many business incubator research studies. Many practical in business incubator management to have a benefit how to achieve the business performance management (BPM) in SD review. Originality/value: The significant differences between static and dynamics to be used for business research and strategic performance management. This comparative study analyses some SD models from many authors worldwide. Their goals behind their strategic business models and encounter for their respective progress. 2024-04-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/sis_research/8215 info:doi/10.1108/IJPPM-07-2021-0399 https://ink.library.smu.edu.sg/context/sis_research/article/9218/viewcontent/The_important_role_of_system_dynamics.PDF http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Computing and Information Systems eng Institutional Knowledge at Singapore Management University Business management model for sustainability Dynamic business model Dynamic performance management Dynamic start-up business Enterprise architecture framework Sustainability dynamics approach Management Information Systems Management Sciences and Quantitative Methods
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Business management model for sustainability
Dynamic business model
Dynamic performance management
Dynamic start-up business
Enterprise architecture framework
Sustainability dynamics approach
Management Information Systems
Management Sciences and Quantitative Methods
spellingShingle Business management model for sustainability
Dynamic business model
Dynamic performance management
Dynamic start-up business
Enterprise architecture framework
Sustainability dynamics approach
Management Information Systems
Management Sciences and Quantitative Methods
GOZALI, Lina
ZAGLOEL, Teuku Yuri M.
SIMATUPANG, Togar Mangihut
SUTOPO, Wahyudi
GUNAWAN, Aldy
LIANG, Yun-Chia
YAHYA, Bernardo Nugroho
GARZA-REYES, Jose Arturo
IRAWAN, Agustinus Purna
SUSENO, Yuliani
The important role of system dynamics investigation on business model, industry and performance management
description Purpose: This research studies the development of the evolving dynamic system model and explores the important elements or factors and what detailed attributes are the main influences model in achieving the success of a business, industry and management. It also identifies the real and major differences between static and dynamic business management models and the detailed factors that influence them. Later, this research investigates the benefits/advantages and limitations/disadvantages of some research studies. The studies conducted in this research put more emphasis on the capabilities of system dynamics (SD) in modeling and the ability to measure, analyse and capture problems in business, industry, manufacturing etc. Design/methodology/approach: The research presented in this work is a qualitative research based on a literature review. Publicly available research publications and reports have been used to create a research foundation, identify the research gaps and develop new analyses from the comparative studies. As the literature review progressed, the scope of the literature search was further narrowed down to the development of SD models. Often, references to certain selected literature have been examined to find other relevant literature. To do so, a supporting tool (that connects related articles) provided by Google Scholar, Scopus, and particular journals has been used. Findings: The dynamic business and management model is very different from the static business model in complexity, formality, flexibility, capturing, relationships, advantages, innovation model, new goals, updated information, perspective and problem-solving abilities. The initial approach of a static system was applied in the canvas business model, but further developments can be continued with a dynamic system approach. Research limitations/implications: Based on this study, which shows that businesses are developing more towards digitalisation, wanting the ability to keep up with the era that is moving so fast and the desire to increase profits, an instrument is needed that can help describe the difficulties of the needs and developments of the future world. This instrument, or tool of SD, is also expected to assist in drawing future models and in building a business with complex variables that can be predicted from the beginning. Practical implications: This study will contribute to the SD study for many business incubator research studies. Many practical in business incubator management to have a benefit how to achieve the business performance management (BPM) in SD review. Originality/value: The significant differences between static and dynamics to be used for business research and strategic performance management. This comparative study analyses some SD models from many authors worldwide. Their goals behind their strategic business models and encounter for their respective progress.
format text
author GOZALI, Lina
ZAGLOEL, Teuku Yuri M.
SIMATUPANG, Togar Mangihut
SUTOPO, Wahyudi
GUNAWAN, Aldy
LIANG, Yun-Chia
YAHYA, Bernardo Nugroho
GARZA-REYES, Jose Arturo
IRAWAN, Agustinus Purna
SUSENO, Yuliani
author_facet GOZALI, Lina
ZAGLOEL, Teuku Yuri M.
SIMATUPANG, Togar Mangihut
SUTOPO, Wahyudi
GUNAWAN, Aldy
LIANG, Yun-Chia
YAHYA, Bernardo Nugroho
GARZA-REYES, Jose Arturo
IRAWAN, Agustinus Purna
SUSENO, Yuliani
author_sort GOZALI, Lina
title The important role of system dynamics investigation on business model, industry and performance management
title_short The important role of system dynamics investigation on business model, industry and performance management
title_full The important role of system dynamics investigation on business model, industry and performance management
title_fullStr The important role of system dynamics investigation on business model, industry and performance management
title_full_unstemmed The important role of system dynamics investigation on business model, industry and performance management
title_sort important role of system dynamics investigation on business model, industry and performance management
publisher Institutional Knowledge at Singapore Management University
publishDate 2024
url https://ink.library.smu.edu.sg/sis_research/8215
https://ink.library.smu.edu.sg/context/sis_research/article/9218/viewcontent/The_important_role_of_system_dynamics.PDF
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