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Business model. Business model innovation is an iterative and potentially circular process. [1] A business model describes how an organization creates, delivers, and captures value, [2] in economic, social, cultural or other contexts. For a business, it describes the specific way in which it conducts itself, spends, and earns money in a way ...
Biomimetics or biomimicry is the emulation of the models, systems, and elements of nature for the purpose of solving complex human problems. [ 2][ 3][ 4] The terms "biomimetics" and "biomimicry" are derived from Ancient Greek: βίος ( bios ), life, and μίμησις ( mīmēsis ), imitation, from μιμεῖσθαι ( mīmeisthai ), to ...
Translational research (also called translation research, translational science, or, when the context is clear, simply translation) [1] [2] is research aimed at translating (converting) results in basic research into results that directly benefit humans. The term is used in science and technology, especially in biology and medical science.
The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
The triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: social, environmental (or ecological) and economic. Some organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. [1] Business writer John Elkington claims to have ...
t. e. An agent-based model ( ABM) is a computational model for simulating the actions and interactions of autonomous agents (both individual or collective entities such as organizations or groups) in order to understand the behavior of a system and what governs its outcomes. It combines elements of game theory, complex systems, emergence ...
Bioinspiration. Bioinspiration is the development of novel materials, devices, and structures inspired by solutions found in biological evolution and refinement which has occurred over millions of years. [1] The goal is to improve modeling and simulation of the biological system to attain a better understanding of nature's critical structural ...
Biological engineering or bioengineering is the application of principles of biology and the tools of engineering to create usable, tangible, economically viable products. [1] Biological engineering employs knowledge and expertise from a number of pure and applied sciences, [2] such as mass and heat transfer, kinetics, biocatalysts ...