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Business model innovation: Creating value in times of change

Raphael Amit and Christoph Zott ()
Additional contact information
Raphael Amit: The Wharton School
Christoph Zott: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN

No D/870, IESE Research Papers from IESE Business School

Abstract: We highlight business model innovation as a way for general managers and entrepreneurs to create and appropriate value, especially in times of economic change. Business model innovation, which involves designing a modified or new activity system, relies on recombining the existing resources of a firm and its partners, and it does not require significant investments in R&D. We offer managers and researchers a conceptual primer on business model innovation emphasizing the importance of system-level thinking.

Keywords: Business model; innovation; activity system; design; value creation (search for similar items in EconPapers)
JEL-codes: L22 L26 M10 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2010-07-17
New Economics Papers: this item is included in nep-ent, nep-ino, nep-knm and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:ebg:iesewp:d-0870

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