Table 3

Overview of factors facilitating or hindering a BM change

BM component changed (identified with the BMC)
KPKAKRVPCRCCSCSTRS
Factor facilitating a BM change
Company’s core businessX        
Company’s knowledge and expertiseXX X     
Development of data technologiesX        
Existence of companies specialised new technologies X       
Farmers' business model trends   X     
Geographic location of market or industry  X      
Product characteristicsX     X  
Society’s attitude towards green biotech and sustainable agriculture  X      
Substitute motivationX        
The type of relationship with the farmerX  X     
Whether or not having a professional network  X      
Whether or not having financial resourcesXXX      
Whether or not to have a distribution networkXX       
Whether or not to have sufficient sales personnel     X   
Whether or not to sell directly to the farmerX        
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 chemicalsX        
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 manufacturersX        

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

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