A Maturity Model for Business Model Management in Industry 4.0

Abstract

In a continuously changing business environment and theera of digitalization,business models need to adaptconstantly to allow organizations to differentiate themselves from their competitorsand to secure their economic survival. However, organizations areneitherable to review their business model management nor systemize it productively. Hence, the combination of Industry 4.0, business model and business model management aspectsemphasizesan organization’s potentialand results in an increased competitive and operational success. Toguide an organization’s advancement, a maturity model for business model managementis developed, which deliversassistance suitableto an organization’s requirements and strategic orientation. It assesses the organization’s current maturity level and proposes sequential steps to advance towards a refined business modelandprocess mastery by indicating improvement potentials. Thus, the maturity model links an organization’s existing organizational and operational knowledge to new concepts and makes it accessible through a modified business model for Industry 4.0.