University of Oulu

Pekka Leviäkangas, Risto Öörni, From business models to value networks and business ecosystems – What does it mean for the economics and governance of the transport system?, Utilities Policy, Volume 64, 2020, 101046, ISSN 0957-1787,

From business models to value networks and business ecosystems : what does it mean for the economics and governance of the transport system?

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Author: Leviäkangas, Pekka1; Öörni, Risto2
Organizations: 1University of Oulu, Faculty of Technology, P.O. Box 8000, FI-90014, Oulun Yliopisto, Finland
2VTT Technical Research Centre of Finland Ltd, P.O. Box 1000, FI-02044, VTT, Finland
Format: article
Version: published version
Access: open
Online Access: PDF Full Text (PDF, 1.2 MB)
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Language: English
Published: Elsevier, 2020
Publish Date: 2020-09-16


The entire transport sector is experiencing disruption on a global scale due to a number of drivers. These include the drivers of technology, changes in governance structures, a range of environmental challenges, and the need to provide mobility and accessibility regardless of social status or income level. To realize socio-economically worthwhile investments in the transport system, particularly where new technologies are involved, fresh views of the economy and investment are needed. This paper explores the relationship between business models, value chains and business ecosystems, and demonstrates a meta-model for transport-related services that involve profound incorporation of new technologies. The meta-model consists of four elements: end customer value (value proposition to the end user), business value (shareholder value), collaborative value (business value to the supply chain) and societal value (value creation in the supply chain and control of negative externalities). The meta-model is tested with a case study.

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Series: Utilities policy
ISSN: 0957-1787
ISSN-E: 1878-4356
ISSN-L: 0957-1787
Volume: 64
Article number: 101046
DOI: 10.1016/j.jup.2020.101046
Type of Publication: A1 Journal article – refereed
Field of Science: 222 Other engineering and technologies
212 Civil and construction engineering
Funding: This research has received funding support from the CAPITAL project (grant no. 724106) under the European Union's H2020 Programme.
Copyright information: © 2020 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY license (