BUSINESS MODELS FOR CORPORATE INNOVATION MANAGEMENT: INTRODUCTION OF A BUSINESS MODEL INNOVATION TOOL FOR ESTABLISHED FIRMS
Martin Trapp (),
Kai-Ingo Voigt () and
Alexander Brem ()
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Martin Trapp: Friedrich-Alexander-Universität Erlangen-Nürnberg, Lehrstuhl für Industrielles Management, Lange Gasse 20, 90403 Nürnberg, Deutschland
Kai-Ingo Voigt: Friedrich-Alexander-Universität Erlangen-Nürnberg, Lehrstuhl für Industrielles Management, Lange Gasse 20, 90403 Nürnberg, Deutschland
International Journal of Innovation Management (ijim), 2018, vol. 22, issue 01, 1-24
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.
Keywords: Innovation; business model; business model innovation; innovation management (search for similar items in EconPapers)
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