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Location of Bristol in the UK Source of figure: google.maps.com In May 2017 people will vote for a 'combined authority mayor', also referred to as a metro mayor, who will have authority over a larger region. For Bristol this will be the West of England Mayor, who will be responsible for three of the local authorities in the region: Bath & North East Somerset, Bristol and South Gloucestershire. The Metro Mayor will have political authority over spending in the region and over transport, housing, and adult education in skills, all of which have previously been decided and funded by the central government. 7
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Unlike a firm’s business model, which is empirically grounded and aims at articulating specifically how the firm delivers and captures value, a city business model is meant to guide a City Council in articulating how it will accomplish the objectives of its smart and sustainable city strategy. Since there currently no generally used method to under...
Citations
... As both costs and benefits, as well as uncertainties and risks, emerge and end up with different parties, which are not always and automatically involved in the decisionmaking process, city leaders must develop a clear smart city investment agenda and creatively design the business models to share costs, benefits, and risks among public, cooperative, and market actors. driven organizations [12], the BMC adapted for encompassing aspects of environmental sustainability and social inclusiveness [13], and the BMC adapted for the European Project, "Replicate", aiming to enhance the transition process to a smart city in three EU cities [14]. It also reviewed smart city trends and business model frameworks designed to encompass co-creation aspects and network centric approaches. ...
... In the triple-layered business model canvas [13], environmental impact addresses the ecological cost referring to the energy consumption, water use, and emissions based on Life Cycle Analysis research, as well as the benefits 'beyond purely the financial or economic value', i.e., a positive ecological value, which may be a reduction in CO2 emissions or improved air quality. In the SC-BMC, the environmental impact similarly addresses the potentially negative inherent environmental cost, i.e., greenhouse gas emissions, land use, and energy and water used for the installation and operation or disposal of smart city solutions, i.e., need for raw materials required for building stock retrofitting [14]. Issues such as the embodied energy of the applied solutions should also be considered if we are looking towards a holistic sustainability assessment. ...
Cities are challenged with increasing population growth and need to implement smart solutions to become more resilient to economic, environmental, and social challenges posed by ongoing urbanization. This study reviewed business model development frameworks and developed a practical tool to help cities assess business models by adapting components of the Business Model Canvas (BMC) and adding new ones that operationalize the smart city dimensions. The Smart City BMC (SC-BMC) proposed provides a practical framework that supports developing and communicating a more holistic and integrated view of a smart city business model. It also supports creatively innovating toward more sustainable value creation. As a framework, the SC-BMC bridges sustainable value creation for business model development and smart city innovation.
