Oxford University Press eBooks· 2013· Book chapter
Business Model Innovation
- 396citations
- 2013year
Short summary
This chapter synthesizes literature on Business Model Innovation (BMI), organizing tools and perspectives into a meta-framework for designing, reconfiguring, and innovating business models, particularly in sustainability contexts.
AI-generated from the title and abstract; the full text is not read.
Key points
- Reviews literature at the intersection of Business Models and innovation studies.
- Examines Business Model Innovation in new organizations, incumbent firms, and sustainability contexts.
- Presents a meta-framework to organize tools and perspectives for Business Model Innovation.
- Discusses practical application of business model ideas and managerial challenges.
AI-generated from the title and abstract; the full text is not read.
Abstract
The chapter offers a broad review of the literature at the nexus between Business Models and innovation studies, and examines the notion of Business Model Innovation in three different situations: Business Model Design in newly formed organizations, Business Model Reconfiguration in incumbent firms, and Business Model Innovation in the broad context of sustainability. Tools and perspectives to make sense of Business Models and support managers and entrepreneurs in dealing with Business Model Innovation are reviewed and organized around a synthesizing meta-framework. The framework elucidates the nature of the complementarities across various perspectives. Finally, the use of business model-related ideas in practice is discussed, and critical managerial challenges as they relate to Business Model Innovation and managing business models are identified and examined.
The authors' abstract, as published at the source. Oxford University Press eBooks, 2013 · DOI ↗
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Field: Business and International Management
Business and International ManagementBusiness, Management and Accounting