BMI: Theoretical Perspectives and Recent Insights

Oliver Gassmann (), Karolin Frankenberger (), Roman Sauer (), Ivo Blohm () and Maximilian Palmié ()
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Oliver Gassmann: University of St. Gallen
Karolin Frankenberger: University of St. Gallen
Roman Sauer: Mercedes-Benz Mobility AG
Ivo Blohm: University of St. Gallen
Maximilian Palmié: University of St. Gallen

Chapter Chapter 2 in Exploring the Field of Business Innovation, 2025, pp 19-61 from Springer

Abstract: Abstract This chapter delves into business model innovation (BMI) as a key area of innovation research. It explores the role of theoretical lenses in understanding BMI. Reflecting its complexity and evolving nature, BMI has been examined through multiple perspectives. The theoretical underpinnings that inform BMI include dynamic capabilities, the knowledge-based view, and the recombination perspective. The chapter analyzes recent empirical findings and conceptual advances, emphasizing how different theories have been applied—and continue to be applied—to explain the BMI phenomenon. The chapter further argues that BMI serves as a promising bridge between theory and practice due to its applicability across sectors and its role in strategic renewal. The chapter also identifies critical tensions and open questions in the literature, pointing to avenues for future research and the potential for integration with broader innovation frameworks.

Keywords: Business model innovation; Recombination perspective; Schools of thought; Theoretical angles; Theoretical blindspots (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-03104-4_2

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DOI: 10.1007/978-3-032-03104-4_2

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