2026-04-17T17:49:05.886Z http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai

ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai:1:9494 2023-06-16T12:45:03Z 1

SYSTEM THINKING FOR BUSINESS MODEL INNOVATION 2023 http://ezaposleni.singidunum.ac.rs/rest/sciNaucniRezultati/oai/record/1/9494 T. Papić T. Jere Jakulin Management leaders can use systems thinking models to improve comprehension, creativity, and productivity. Systems thinking and business models or business model innovation (BMI) merge. As a complex management endeavour, the creation of BMI may require a significant contribution from the system thinking approach. We have evaluated the literature on systems theory, system thinking models, and business model innovation to demonstrate the promising role of system thinking models in BMI research and identify a system thinking strategy. The systems thinking methodology provides a framework for comprehending complexity, dynamic change, and advanced modelling technologies related to learning settings. This work introduces systems thinking methods, system dynamics (SD) and causal loop diagrams (CLD) to increase BMI complexity. The feedback that might solve issues with the system and innovation project boundaries, specifically the balancing loop, is one of the essential components of innovative behaviour, which empowers management to take creative and long-lasting action. A final CLD shows how to use this system thinking method for BMI. The research findings show that systems thinking concepts and techniques may offer the adaptability needed to better handle innovation, complexity, and uncertainty. conferenceObject 57 66 CONFERENCE MANUAL