Business Model Innovation

Public Sector Entrepreneurship and the Integration of Innovative Business Models

“…In general, business model depicts the rationale of how an organization creates, delivers, and captures value (economic, social, or other) in relationship with a network of exchange partners (Massa & Tucci, 2013). Others define it as a unit of analysis to describe how the business of a firm works (Frankenberger, Weiblen, Csik, & Gassmann, 2013), or as a system describing how the pieces of a business fit together (Magretta, 2002).…”

“…On the one hand they are considered as vehicles of innovative products to appropriate markets, as companies commercialize innovative ideas and technologies through their business models. On the other hand, they are a new subject of innovation, distinct, albeit complementary, to traditional types of innovation such as product, process or organizational (Massa & Tucci, 2013;Mitchell & Coles, 2003;Zott et al, 2011a). Massa and Tucci (2013) propose that BMI may refer to the design of novel BMs for newly formed organization, or the reconfiguration of existing BMs.…”

“…On the other hand, they are a new subject of innovation, distinct, albeit complementary, to traditional types of innovation such as product, process or organizational (Massa & Tucci, 2013;Mitchell & Coles, 2003;Zott et al, 2011a). Massa and Tucci (2013) propose that BMI may refer to the design of novel BMs for newly formed organization, or the reconfiguration of existing BMs. Business model design (BMD) refers to the entrepreneurial activity of creating, implementing and validating a BM for a newly formed organization.…”

“…Conditions of BMD are typical for new organizations, like lack of resources or legitimacy for instance. BMR is accompanied by problems typical for existing, more mature organizations, like for example management process, models of organizational learning and change (Massa & Tucci, 2013). It is strictly related to the concept of entrepreneurship, which Sharma & Chrisman (1999), define as the "acts of organizational creation, renewal, or innovation that occur within or outside an existing organization" (p.18).…”

“…One of the emerging directions on BMI research focuses on the impact of BMI on sustainability (Massa & Tucci, 2013;Stubbs & Cocklin, 2008) and circular economy (Lewandowski, 2016;Mentink, 2014). The other, already much more recognized pertains to open innovation (Chesbrough, 2013), which requires the adoption of new, open business models (Aranha, Abudd, Garcia, & Corrêa, 2015;Chesbrough, 2007Chesbrough, , 2010.…”