Innovation in Digital Business Models

Dagfinn Wåge, Gunnar E. Crawford, Anne-Laure Mention and Marko Torkkeli

Chapter 2 in Managing Digital Open Innovation, 2020, pp 35-45 from World Scientific Publishing Co. Pte. Ltd.

Abstract: We are bombarded with buzzwords such as disruption, digitalization and the sharing economy, and the trending technologies that fuel them — the Internet of Things, big data, and artificial intelligence. Simultaneously, we see whole industries being shaken to the core and rearranged into new patterns by new players. In this chapter, we posit that a new business model, the disruptive ecosystem, is at the core of this movement.The disruptive ecosystem is a paradigm that is capable of absorbing the power of digital technologies and combining them with the business model and innovation theory. We believe this new business model is the common denominator between companies like Apple, Facebook, Samsung, Uber, Google, Tesla, and Amazon. We will present how a disruptive ecosystem looks like, and how and where disruptive, open and combinatorial innovation happens in these two-sided business models and ecosystems. This chapter also includes practical examples from industry.

Keywords: Open Innovation; Digital Disruption; Industry 4.0; Data-Driven Decision; Value Networks; Organizational Agility; Digital Design; Collaboration; Innovation Policy; Social Media; Open Strategy (search for similar items in EconPapers)
JEL-codes: O31 O32 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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