Strategy innovation as business model reconfiguration

Leonardo Buzzavo ()

No 2, Working Papers from Venice School of Management - Department of Management, Università Ca' Foscari Venezia

Abstract: Strategy innovation gained popularity during the 1990s as a notion applying to firms that reinvented competition in an industry. Throughout the 2000s business model innovation drew much of the spotlight. The key traits of both these concepts (and how they relate to each other) are often implicit or unclear. Through a literature review and by applying the key elements to some innovative firms for illustrative purposes, this paper discusses the emergence of the notion of strategy (and business model) innovation aiming to bridge these concepts while identifying their basic constituents. Successful firms manage to envision and implement new combinations along different routes, but always exploiting the complementarities through self-reinforcing mechanisms. Finally, the paper argues that strategy innovation triggers the need to broaden the interpretative schemes in the field of strategy, as it resembles more an art than a science.

Keywords: Strategy; Innovation; Business Model (search for similar items in EconPapers)
Pages: 41 pages
Date: 2012-03
New Economics Papers: this item is included in nep-cse, nep-ent, nep-ino and nep-sbm
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