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Fifteen years of research on business model innovation : how far have we come, and where should we go?

Published on Jan 1, 2017in Journal of Management 9.06
· DOI :10.1177/0149206316675927
Nicolai J. Foss72
Estimated H-index: 72
(Bocconi University),
Tina Saebi7
Estimated H-index: 7
(NHH: Norwegian School of Economics)
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Abstract
Over the last 15 years, business model innovation (BMI) has gained an increasing amount of attention in management research and among practitioners. The emerging BMI literature addresses an important phenomenon but lacks theoretical underpinning, and empirical inquiry is not cumulative. Thus, a concerted research effort seems warranted. Accordingly, we take stock of the extant literature on BMI. We identify and analyze 150 peer-reviewed scholarly articles on BMI published between 2000 and 2015. We provide the first comprehensive systematic review of the BMI literature, include a critical assessment of these research efforts, and offer suggestions for future research. We argue that the literature faces problems with respect to construct clarity and has gaps with respect to the identification of antecedent conditions, contingencies, and outcomes. We identify important avenues for future research and show how the complexity theory, innovation, and other streams of literature can help overcome many of the gap...
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  • References (135)
  • Citations (143)
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References135
Newest
Ligang Hou1
Estimated H-index: 1
,
Ze Wu1
Estimated H-index: 1
+ 1 AuthorsYue Wang1
Estimated H-index: 1
This work addresses the model predictive control (MPC) of the offset-free tracking problem in the dynamic partial least square (DyPLS) framework. Firstly, state space MPC based on the DyPLS is proposed. Then, two methods are proposed to solve the offset-free problem. One is to reform the state space model as a velocity form. Another is to augment the state space model with a disturbance model and estimate the mismatch between system output and model output with an estimator. Both methods use the...
Published on Jan 1, 2017in IEEE Engineering Management Review
Julian Birkinshaw52
Estimated H-index: 52
,
Gary Hamel1
Estimated H-index: 1
,
Michael J. Mol20
Estimated H-index: 20
Published on Nov 1, 2016in Journal of Product Innovation Management 3.78
Krithika Randhawa6
Estimated H-index: 6
(UTS: University of Technology, Sydney),
Ralf Wilden8
Estimated H-index: 8
(UTS: University of Technology, Sydney),
Jan Hohberger7
Estimated H-index: 7
(UTS: University of Technology, Sydney)
Through an objective, systematic, and comprehensive review of the literature on open innovation (OI), this article identifies gaps in existing research, and provides recommendations on how hitherto unused or underused organizational, management, and marketing theories can be applied to advance the field. This study adopts a novel approach by combining two complementary bibliometric methods of co-citation analysis and text mining of 321 journal articles on OI that enables a robust empirical analy...
Published on Jun 1, 2016in R & D Management 2.35
Chander Velu8
Estimated H-index: 8
(University of Cambridge),
Arun Jacob1
Estimated H-index: 1
(HEI: Graduate Institute of International and Development Studies)
This study examines the relationship among owner–managers, business model innovation, and competition. We present a newly constructed dataset of 111 new firms that launched electronic trading platforms (business model innovations) in the US and European bond markets between 1995 and 2004. We contribute to the emerging literature on business model innovation by integrating effectuation theory with the Austrian school's view of competition as a discovery process to examine the role of the entrepre...
Published on Jun 1, 2016in Long Range Planning 3.36
Jahangir Karimi18
Estimated H-index: 18
,
Zhiping Walter2
Estimated H-index: 2
Recently, Internet and digitization, along with major news and information companies, have disrupted traditional newspaper companies' business models, and raised serious concerns about the future viability of the print newspaper industry. This study provides a theoretical viewpoint, supported by empirical evidence from the newspaper industry, on how prominent corporate entrepreneurship attributes impact disruptive business model innovation adoption, and how such adoption impacts business model p...
Published on Feb 1, 2016in Long Range Planning 3.36
Bernd W. Wirtz16
Estimated H-index: 16
,
Adriano Pistoia3
Estimated H-index: 3
+ 1 AuthorsVincent Göttel5
Estimated H-index: 5
The concept of business models has reached global impact, both for company's competitive success and in management science. Its application by authors from diverse areas has led to a previously very heterogeneous comprehension of the concept. Yet, by means of investigating its origin and theoretical development, we state a recently converging business model view. Further, based on analyzing business model definitions, perspectives and components in the literature, we newly define the concept and...
Published on Dec 1, 2015in Journal of Cleaner Production 6.39
Nancy Bocken20
Estimated H-index: 20
(University of Cambridge)
To address global sustainability challenges, major investments are required in sustainable businesses that deliver triple bottom line results. Although interest in sustainable businesses is on the rise, these businesses are not yet widespread. Venture capital investment has a key role to play in the development of sustainable start-ups. The research area of ‘sustainable’ venture capital is still emerging. More research is required to understand how venture capital can support the development of ...
Published on Dec 1, 2015in Tourism Management 6.01
Jaime E. Souto2
Estimated H-index: 2
(UAM: Autonomous University of Madrid)
Innovation is a means for obtaining competitive advantages in the tourism and hospitality sectors. However, the innovations, knowledge, and technologies acquired may be easily accessible for competitors. This study, which is based on interviews with 115 senior managers, seeks to show how tourism and hotel firms innovate, and how the achievement of successful innovations is possible. A model for business innovation is proposed, which takes full advantage of internal and external sources of innova...
Published on Aug 1, 2015in Small Business Economics 3.56
Marco Cucculelli11
Estimated H-index: 11
(Marche Polytechnic University),
Cristina Bettinelli6
Estimated H-index: 6
(University of Bergamo)
This paper examines the factors that affect firm performance in a sample of 376 small- and medium-sized Italian enterprises over the period 2000–2010. It looks in particular at changes in business models and investments in intangibles. We compared firms that continued to be managed through an existing business model with matched firms that changed their business model over the period. We found that a modification of the business model has a positive effect on the ability of the firm to perform w...
Published on Jun 1, 2015in European Management Journal 2.98
Tina Saebi7
Estimated H-index: 7
(NHH: Norwegian School of Economics),
Nicolai J. Foss72
Estimated H-index: 72
(NHH: Norwegian School of Economics)
Research on open innovation suggests that companies benefit differentially from adopting open innovation strategies; however, it is unclear why this is so. One possible explanation is that companies’ business models are not attuned to open strategies. Accordingly, we propose a contingency model of open business models by systematically linking open innovation strategies to core business model dimensions, notably the content, structure, governance of transactions. We further illustrate a continuu...
Cited By143
Newest
Published on Jan 1, 2020
Adriano Solidoro (University of Milan), Gianluigi Viscusi9
Estimated H-index: 9
(EPFL: École Polytechnique Fédérale de Lausanne)
Digital technologies are enabling the transformation of the established market boundaries and business models of the cinema industry, bringing opportunities for a reconfiguration of the conceptual framework of movie content distribution through movie theatres, as well as of the concept of the movie theatre as traditional projection space and as institutional site. This requires to sector organizations to negotiate new agreements related to theatrical distribution and to explore alternative ways ...
Published on Dec 1, 2019in International Journal of Information Management 5.06
Marko Niemimaa3
Estimated H-index: 3
(Information Technology University),
Jonna Järveläinen6
Estimated H-index: 6
(UTU: University of Turku)
+ 1 AuthorsJukka Heikkilä11
Estimated H-index: 11
(UTU: University of Turku)
Abstract Company business models are vulnerable to various contingencies in the business environment that may unexpectedly render their business logic ineffective. In particular, technological advancements, such as the Internet of things, big data, sharing economy and crowdsourcing, have enabled new forms of business models that can effectively and abruptly make traditional business models obsolete. By disrupting or even diminishing companies’ revenue streams, environmental contingencies may pre...
Peter Trkman23
Estimated H-index: 23
(University of Ljubljana)
Abstract Despite major changes in the environment, the business models of business schools have not experienced much change. Methods of teaching and research remain similar to 30 years ago. This paper focusses on the underlying reason for the inertia by investigating the implicit value proposition of business schools. It first reviews past literature on the value of business schools and then attempts to explain additional, often neglected, value propositions of teaching and research. The paper a...
Muhammad Anwar5
Estimated H-index: 5
(IIUI: International Islamic University, Islamabad),
Syed Zulfiqar Ali Shah5
Estimated H-index: 5
(IIUI: International Islamic University, Islamabad)
+ 1 AuthorsMuhammad Sualeh Khattak1
Estimated H-index: 1
(IIUI: International Islamic University, Islamabad)
Rapid changes in the external environment and dynamic markets have challenged the survival of every kind of organizations. Many business firms fail due to lack of managerial skills and an ineffective business model to adjust their operations in line with the competitive environment. This study examines the influence of owners and top managers’ “Big Five” personality traits on business model innovation. Data were collected through structured questionnaires using a sample size of 343 owners and se...
Published on Sep 1, 2019in International Journal of Hospitality Management 4.46
Angelo Presenza9
Estimated H-index: 9
,
Antonio Messeni Petruzzelli21
Estimated H-index: 21
Abstract This study analyzes the motivations and mechanisms that chef-entrepreneurs use to innovate their business model. Specifically, the paper adopts an in-depth case study approach for investigating how the Italian chef Romito innovates his BM over time. This research highlights and discusses the four motivations (creative freedom, reputation, legitimation, need to grow) and mechanisms (strategic thinking, standardization, co-operation, internationalization) along which the BM develops. Our ...
Published on Sep 1, 2019in Technological Forecasting and Social Change 3.81
Michael Christofi3
Estimated H-index: 3
(University of Nicosia),
Demetris Vrontis23
Estimated H-index: 23
(University of Nicosia)
+ 1 AuthorsS. M. Riad Shams2
Estimated H-index: 2
(UrFU: Ural Federal University)
Abstract Over the past 30 plus years, the development of technological innovation through cross-border mergers and acquisitions (M&As) has captured an increasing amount of attention in business research and practice. The emerging literature on the topic addresses a significant phenomenon, however, it lacks theoretical underpinning and a cumulative empirical inquiry, from a micro-foundational perspective. Hence, a systematic and integrative research effort seems justified. Accordingly, we systema...
Published on Sep 26, 2018in R & D Management 2.35
Mirjam Roessler (HHL Leipzig Graduate School of Management), Vivek K. Velamuri5
Estimated H-index: 5
(HHL Leipzig Graduate School of Management),
Dirk Schneckenberg13
Estimated H-index: 13
(ESC Rennes School of Business)
Published on Sep 1, 2019in Journal of Cleaner Production 6.39
Andreas Kuckertz15
Estimated H-index: 15
,
Elisabeth S.C. Berger5
Estimated H-index: 5
,
Anja Gaudig
Abstract Massive problems trigger massive entrepreneurial opportunities. For this reason, environmental issues such as earth system processes that have extended beyond their thresholds, or are approaching such thresholds, constitute interesting opportunities, especially for ecological startups, to establish appropriate businesses that create value to address such environmental issues. Our analysis of 212 ecological startups from the United States and beyond reveals the factors shaping the value ...
Yan Li (University of Greenwich), Steve Evans21
Estimated H-index: 21
(University of Cambridge)
Business model has the potential to create value and capture value for companies, which is critical for their sustainable development [1]. The concept of eco-efficiency can be a useful concept to link an enterprise’s business with sustainable development as well as achieving long-term profits [2, 3]. Extant literature reveals that there is a need to study business model innovation and eco-efficiency under one text to achieve a win-win rationale to increase profits while reducing environmental im...
Published on Nov 8, 2017in R & D Management 2.35
Sabrina Schneider4
Estimated H-index: 4
(University of Kassel)
Firms need to show dynamic adaptability and innovate their business models to achieve survival and growth, in particular when they are exposed to high levels of exogenous change. However, business model innovation also takes place in the absence of exogenous change. We know relatively little about firms’ approaches to opportunities for business model innovation in both of these environmental settings. The objective of this study is to understand how firms exposed to various environmental conditi...