EconPapers    
Economics at your fingertips  
 

Understanding business model in the Internet of Things industry

Concetta Metallo, Rocco Agrifoglio, Francesco Schiavone and Jens Mueller

Technological Forecasting and Social Change, 2018, vol. 136, issue C, 298-306

Abstract: This research presents the results of an exploratory study of how organisations operating in the Internet of Things (IoT) industry are building and innovating their business model (BM). Using an explorative sequential approach through the multiple-case study method, we apply the “Canvas BM” framework to explore the BM of three companies operating in IoT industry, namely Intel, Solair, and Apio. The paper finds the most important building blocks - key activities, key resources, and value proposition - and most critical related factors enabling IoT-oriented organisations to create and capture value. Furthermore, our results also suggest that the main difference in the processes of BM building and innovation depend on the different capabilities and competencies possessed by organisations. This study therefore advances the theoretical understanding of the critical factors for the value creation process in the IoT industry's organisations and offers interesting implications for management theory and practice.

Keywords: Business model; Canvas; Internet of Things (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0040162518301082
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:136:y:2018:i:c:p:298-306

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-01-19
Handle: RePEc:eee:tefoso:v:136:y:2018:i:c:p:298-306