Overview of factors facilitating or hindering a BM change
| BM component changed (identified with the BMC) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| KP | KA | KR | VP | CR | C | CS | CST | RS | |
| Factor facilitating a BM change | |||||||||
| Company’s core business | X | ||||||||
| Company’s knowledge and expertise | X | X | X | ||||||
| Development of data technologies | X | ||||||||
| Existence of companies specialised new technologies | X | ||||||||
| Farmers' business model trends | X | ||||||||
| Geographic location of market or industry | X | ||||||||
| Product characteristics | X | X | |||||||
| Society’s attitude towards green biotech and sustainable agriculture | X | ||||||||
| Substitute motivation | X | ||||||||
| The type of relationship with the farmer | X | X | |||||||
| Whether or not having a professional network | X | ||||||||
| Whether or not having financial resources | X | X | X | ||||||
| Whether or not to have a distribution network | X | X | |||||||
| Whether or not to have sufficient sales personnel | X | ||||||||
| Whether or not to sell directly to the farmer | X | ||||||||
| Factor hindering a BM change | |||||||||
| Distributor motivation | X | ||||||||
| Company’s knowledge and expertise | X | ||||||||
| Farmer’s attitude towards new technologies | X | ||||||||
| Farmer’s financial capacity | X | ||||||||
| Farmer’s knowledge of new technologies | X | ||||||||
| Whether or not to have sufficient sales personnel | X | ||||||||
| Dominant design | X | ||||||||
| Attitude of new entrants towards chemicals | X | ||||||||
| European regulation of new technologies | X | ||||||||
| Political attitude to new technologies | X | ||||||||
| Geographic location of market or industry | X | ||||||||
| European regulation on property rights data | X | ||||||||
| Motivation of contract manufacturers | X | ||||||||
| BM component changed (identified with the BMC) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| KP | KA | KR | VP | CR | C | CS | CST | RS | |
| Company’s core business | X | ||||||||
| Company’s knowledge and expertise | X | X | X | ||||||
| Development of data technologies | X | ||||||||
| Existence of companies specialised new technologies | X | ||||||||
| Farmers' business model trends | X | ||||||||
| Geographic location of market or industry | X | ||||||||
| Product characteristics | X | X | |||||||
| Society’s attitude towards green biotech and sustainable agriculture | X | ||||||||
| Substitute motivation | X | ||||||||
| The type of relationship with the farmer | X | X | |||||||
| Whether or not having a professional network | X | ||||||||
| Whether or not having financial resources | X | X | X | ||||||
| Whether or not to have a distribution network | X | X | |||||||
| Whether or not to have sufficient sales personnel | X | ||||||||
| Whether or not to sell directly to the farmer | X | ||||||||
| Distributor motivation | X | ||||||||
| Company’s knowledge and expertise | X | ||||||||
| Farmer’s attitude towards new technologies | X | ||||||||
| Farmer’s financial capacity | X | ||||||||
| Farmer’s knowledge of new technologies | X | ||||||||
| Whether or not to have sufficient sales personnel | X | ||||||||
| Dominant design | X | ||||||||
| Attitude of new entrants towards chemicals | X | ||||||||
| European regulation of new technologies | X | ||||||||
| Political attitude to new technologies | X | ||||||||
| Geographic location of market or industry | X | ||||||||
| European regulation on property rights data | X | ||||||||
| Motivation of contract manufacturers | X | ||||||||
Note(s): The table represents the observed factors that facilitate or hinder a BM change and the related BM component that was changed. With KP, key partners; KA, key activities; KR, key resources; VP, value proposition; CR, customer relationships; C, channels; CS, customer segments; CST, cost structure; RS, revenue streams; the nine elements of the BMC (Osterwalder and Pigneur, 2010)
Source(s): Authors’ own work