The Role of Business Model Innovation for Product Innovation Performance
Lars Bengtsson () and
Sam Tavassoli ()
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Lars Bengtsson: Faculty of Engineering, Lund University, Postal: Sweden
No 2018/4, Papers in Innovation Studies from Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy
We analyze the effect of Business Model Innovation (BMI) on the product innovation performance of firms, based on a dynamic capabilities theoretical framework. Our empirical study is based on a large-scale representative sample of cross-industry Swedish firms participating in the last three waves of the Community Innovation Survey (CIS) from 2006–2012. Our findings provide support for the dynamics capabilities theoretical framework as well as broad evidence of a significant and positive association between BMI and product innovation performance. Our results imply that BMI in the form of product innovations combined with different complementary innovations will act as isolating mechanisms towards replication by competitors. Therefore, managers should frame product innovations as part of a business model innovation and dynamically adapt the key elements of the firm’s business model.
Keywords: Business model innovation; Business models; Dynamic capabilities; product innovation; Innovation performance; Community Innovation Survey (search for similar items in EconPapers)
JEL-codes: D22 L20 O31 O32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-ino, nep-sbm and nep-tid
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Journal Article: THE ROLE OF BUSINESS MODEL INNOVATION FOR PRODUCT INNOVATION PERFORMANCE (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lucirc:2018_004
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