Business Models and Modern Instruments for Improving the Efficiency of Retail Trade Enterprises
The article is aimed at examining the main components of retail business models, to determine the probable directions in which these models can develop, as well as identifying the factors and tendencies that form the business models used by retail trade enterprises. The current status of retail trad...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Research Centre of Industrial Problems of Development of NAS of Ukraine
2021-03-01
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| Series: | Bìznes Inform |
| Subjects: | |
| Online Access: | https://www.business-inform.net/export_pdf/business-inform-2021-3_0-pages-207_212.pdf |
| _version_ | 1831671937002110976 |
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| author | Ivanchenko Nadiia O. Podskrebko Oleksandr S. Mazur Viktoriia M. |
| author_facet | Ivanchenko Nadiia O. Podskrebko Oleksandr S. Mazur Viktoriia M. |
| author_sort | Ivanchenko Nadiia O. |
| collection | DOAJ |
| description | The article is aimed at examining the main components of retail business models, to determine the probable directions in which these models can develop, as well as identifying the factors and tendencies that form the business models used by retail trade enterprises. The current status of retail trade, innovations and changes to the business models of evolutionary nature are analyzed. The need to implement new solutions for store formats, cooperation of distribution channels, changes in the range of products and services offered, as well as the use of machine learning for effective management of retail business is substantiated. Based on observations on the activities of modern retail enterprises, it can be stated that changes that occur in the business environment lead to the need to find and implement effective ways to gain competitive advantages through the use of new business models. The article consistently covers the nature and components of the retail business model, business model development issues, analysis of both external and internal factors that determine changes in business models, as well as defines trends and examples of innovative solutions in the formation of models for retail trade business. It is concluded that in the changing conditions of today, retailers need to constantly modify the business models used and improve the processes associated with the implementation of basic business functions, such as procurement, warehousing, sales and customer service. |
| first_indexed | 2024-12-19T23:44:19Z |
| format | Article |
| id | doaj.art-7c6975c199fe4c41b1172b1fa0c5f515 |
| institution | Directory Open Access Journal |
| issn | 2222-4459 2311-116X |
| language | English |
| last_indexed | 2024-12-19T23:44:19Z |
| publishDate | 2021-03-01 |
| publisher | Research Centre of Industrial Problems of Development of NAS of Ukraine |
| record_format | Article |
| series | Bìznes Inform |
| spelling | doaj.art-7c6975c199fe4c41b1172b1fa0c5f5152022-12-21T20:01:20ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2021-03-01351820721210.32983/2222-4459-2021-3-207-212Business Models and Modern Instruments for Improving the Efficiency of Retail Trade EnterprisesIvanchenko Nadiia O.0https://orcid.org/0000-0002-7289-3587Podskrebko Oleksandr S.1https://orcid.org/0000-0001-5282-4691Mazur Viktoriia M.2National Aviation UniversityNational Aviation UniversityNational Aviation UniversityThe article is aimed at examining the main components of retail business models, to determine the probable directions in which these models can develop, as well as identifying the factors and tendencies that form the business models used by retail trade enterprises. The current status of retail trade, innovations and changes to the business models of evolutionary nature are analyzed. The need to implement new solutions for store formats, cooperation of distribution channels, changes in the range of products and services offered, as well as the use of machine learning for effective management of retail business is substantiated. Based on observations on the activities of modern retail enterprises, it can be stated that changes that occur in the business environment lead to the need to find and implement effective ways to gain competitive advantages through the use of new business models. The article consistently covers the nature and components of the retail business model, business model development issues, analysis of both external and internal factors that determine changes in business models, as well as defines trends and examples of innovative solutions in the formation of models for retail trade business. It is concluded that in the changing conditions of today, retailers need to constantly modify the business models used and improve the processes associated with the implementation of basic business functions, such as procurement, warehousing, sales and customer service.https://www.business-inform.net/export_pdf/business-inform-2021-3_0-pages-207_212.pdfbusiness modelmachine learningstore formatassortmentinnovations in tradecompetitionbuyer behavior |
| spellingShingle | Ivanchenko Nadiia O. Podskrebko Oleksandr S. Mazur Viktoriia M. Business Models and Modern Instruments for Improving the Efficiency of Retail Trade Enterprises Bìznes Inform business model machine learning store format assortment innovations in trade competition buyer behavior |
| title | Business Models and Modern Instruments for Improving the Efficiency of Retail Trade Enterprises |
| title_full | Business Models and Modern Instruments for Improving the Efficiency of Retail Trade Enterprises |
| title_fullStr | Business Models and Modern Instruments for Improving the Efficiency of Retail Trade Enterprises |
| title_full_unstemmed | Business Models and Modern Instruments for Improving the Efficiency of Retail Trade Enterprises |
| title_short | Business Models and Modern Instruments for Improving the Efficiency of Retail Trade Enterprises |
| title_sort | business models and modern instruments for improving the efficiency of retail trade enterprises |
| topic | business model machine learning store format assortment innovations in trade competition buyer behavior |
| url | https://www.business-inform.net/export_pdf/business-inform-2021-3_0-pages-207_212.pdf |
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