Business Model Innovation in Established Firms: Conceptual Challenges and How to Manage Them

2021 ◽  
Vol 2021 (1) ◽  
pp. 12323
Author(s):  
Emil Oscar Åkesson ◽  
Kajsa Ahlgren Ode ◽  
Lars G. Bengtsson
Keyword(s):  
Business Model ◽  
Business Model Innovation ◽  
Established Firms

scholarly journals Unpacking Business Model Innovation Through an Attention-Based View

M n gement ◽  
2020 ◽  
pp. 38-60 ◽  
Author(s):  
Alexis Laszczuk ◽  
Julie C. Mayer
Keyword(s):  
Longitudinal Study ◽  
Business Model ◽  
Business Model Innovation ◽  
Ongoing Process ◽  
New Business ◽  
New Ideas ◽  
Established Firms

Attention is considered as a critical driver for business model (BM) innovation in established firms, where existing activities already absorb internal actors’ time and effort. Although previous studies acknowledge the role of attention to detect opportunities or to generate new ideas, we still need to understand how actors deal with attentional tensions inherent in the development of a new additive BM. This article addresses this issue by adopting an attention-based view of BM innovation, that is, by examining the forms of attention involved in the process of developing a new BM. Through a longitudinal study in a small consulting company, we unfold an incremental and ongoing process of new BM development. Our findings identify three attentional stages triggered by specific mechanisms that drive BM innovation, from detecting new ideas to their implementation. The attentional perspective we use in this study revises the role of a prevailing BM in the emergence of new business logics in established firms. While previous studies consider it as an impediment for BM innovation, we reveal that actors can develop new BMs by navigating between differentiation and consistency with the prevailing BM.

BUSINESS MODELS FOR CORPORATE INNOVATION MANAGEMENT: INTRODUCTION OF A BUSINESS MODEL INNOVATION TOOL FOR ESTABLISHED FIRMS

2018 ◽  
Vol 22 (01) ◽  
pp. 1850007 ◽  
Author(s):  
MARTIN TRAPP ◽  
KAI-INGO VOIGT ◽  
ALEXANDER BREM
Keyword(s):  
Business Model ◽  
Business Models ◽  
Innovation Management ◽  
Business Model Innovation ◽  
Future Research ◽  
Senior Managers ◽  
Specific Product ◽  
Doing Business ◽  
New Business ◽  
Established Firms

Business model innovation (BMI) is the process of integrating a new logic of doing business into an established firm to improve profitability or to capitalise on new business opportunities. However, existing research offers only limited clarity on BMI compared to business model upgrades or a specific product innovation. From a body of extant literature, we develop a BMI identification tool which is then tested by senior managers from four large European corporations to assess whether innovation efforts represent BMI. The tool operationalises BMI and offers straightforward criteria and indicators to assist researchers but especially practitioners at accelerating BMI in established firms. This paper closes with recommendations for future research and limitations.

THE THREE FACES OF BUSINESS MODEL INNOVATION: CHALLENGES FOR ESTABLISHED FIRMS

2011 ◽  
Vol 54 (3) ◽  
pp. 52-59
Author(s):  
Peter A. Koen ◽  
Heidi M. J. Bertels ◽  
Ian R. Elsum
Keyword(s):  
Business Model ◽  
Business Model Innovation ◽  
Established Firms

The Three Faces of Business Model Innovation: Challenges for Established Firms

2011 ◽  
Vol 54 (3) ◽  
pp. 52-59 ◽  
Author(s):  
Peter A. Koen ◽  
Heidi M. J. Bertels ◽  
Ian R. Elsum
Keyword(s):  
Business Model ◽  
Business Model Innovation ◽  
Established Firms

scholarly journals Learning while (re)configuring: Business model innovation processes in established firms

2016 ◽  
Vol 14 (3) ◽  
pp. 181-219 ◽  
Author(s):  
Hans Berends ◽  
Armand Smits ◽  
Isabelle Reymen ◽  
Ksenia Podoynitsyna
Keyword(s):  
Business Model ◽  
Business Model Innovation ◽  
Established Firms ◽  
Innovation Processes

Consumer-CEO interaction as catalyst for business model innovation in established firms

2021 ◽  
Vol 131 ◽  
pp. 241-253
Author(s):  
Paola Cillo ◽  
Richard L. Priem ◽  
Gianmario Verona ◽  
Paola Zanella
Keyword(s):  
Business Model ◽  
Business Model Innovation ◽  
Established Firms

BUSINESS MODEL INNOVATION ALLIANCES: HOW TO OPEN BUSINESS MODELS FOR COOPERATION

2018 ◽  
Vol 22 (04) ◽  
pp. 1850042 ◽  
Author(s):  
PATRICK SPIETH ◽  
SVENJA MEISSNER NÉE SCHUCHERT
Keyword(s):  
Business Model ◽  
Business Models ◽  
Business Model Innovation ◽  
Three Dimensions ◽  
Full Potential ◽  
Integrative Framework ◽  
Alliance Partners ◽  
Established Firms ◽  
Open Business Models

While rethinking their business model (BM), incumbents increasingly rely on alliance partners to provide additional resources. The resulting business model innovation alliance (BMIA) focusses on the joint commercialisation of the alliance results via a shared BM. Our findings from an in-depth case study show differences between BMIAs and more common types of alliances, such as development alliances, regarding three dimensions: dynamic, relational and architectural. On this basis, we developed an integrative framework, by combining our results, with Amit and Zott’s BM design framework that enables firms to open up their BM in order to exploit the full potential of BMIAs for BMI. In addition, we contribute to extant literature on BMI by introducing BMIAs as a means to BMI in established firms. Furthermore, we close the gap between open innovation and BMI literature by illustrating how to open up the BM in order to tackle the challenges arising from BMIAs.

scholarly journals Learning while (re-)configuring: Business model innovation processes in established firms

2013 ◽  
Vol 2013 (1) ◽  
pp. 15477
Author(s):  
Hans Berends ◽  
Armand Smits ◽  
Isabelle Reymen ◽  
Ksenia Podoynitsyna
Keyword(s):  
Business Model ◽  
Business Model Innovation ◽  
Established Firms ◽  
Innovation Processes
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