INTRODUCING DIGITAL PLATFORMS AND NEW BUSINESS MODELS IN STEEL MANUFACTURING COMPANIES

1 POMYKALSKI Przemysław
Institution:
1 Lodz University of Technology, Piotrkowska 266, 90-924 Lodz, Poland, EU, przemyslaw.pomykalski@p.lodz.pl
Conference:
27th International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 23rd - 25th 2018
Proceedings:
Proceedings 27th International Conference on Metallurgy and Materials
Pages:
1841-1847
ISBN:
978-80-87294-84-0
ISSN:
2694-9296
Published:
24th October 2018
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
21 views / 12 downloads
Abstract

Digital platforms are becoming the dominant business model in many industries. Platforms are a foundation for new value creation. Steel manufacturing companies are planning and implementing new solutions although managers struggle to determine their monetary impact. Most of these initiatives generate both expenses and benefits differently to “traditional” business models. In this paper I describe some of the ratios that should be used in preparing companies for the introduction of platforms and new business models.

Keywords: digital platforms, innovation, management, ratios
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