Business model innovation breakthrough moves

Abstract

While there are multiple breakthrough moves a company can adapt for business model innovation, leaders need to focus more on improving their skills in this area, for example by paying more attention to innovations in other industries. The potential to add business model innovation breakthroughs in a particular company is often largely untapped, but companies that make this activity a priority will gain large, sustained advantages over competitors.

Corporate Entrepreneurship, Disruptive Business Model Innovation Adoption, and Its Performance: The Case of the Newspaper Industry

“…From an entrepreneurial perspective, a business model is the design of organizational structures to enact commercial opportunities explicitly initiated by market imperfections (George and Bock, 2011;Downing, 2005;Franke et al, 2008;Cohen and Winn, 2007). BMI is the replacement of the old business model with a new one for offering products or services not previously available 5 (Hwang and Christensen, 2008;Mitchell and Coles, 2004). It involves gradual transition from the old business model to the new one (Cavalcante et al, 2011) 6 .…”

Open Innovation to Business Model

“…On the other hand, the fact that, although Apple Co. opens software business models, e-book business models, music business models, among others, through Appstore, ibook, iTunes, Newsboard and so on, they keep sources and core capacities internally, which proves the fact that among R&D capabilities, core capabilities should be stored internally (Chesbrough & Schwartz, 2007;Jobs, 2007). First of all, we need to establish a continuing business model innovation process in firms through open innovation of the business model itself (Mitchell & Coles, 2004;Smith, Binns, & Tushman, 2010). Open business models can be used by companies to create and capture value by systematically collaborating with outside partners (Osterwalder & Pigneur, 2010, p. 109).…”

Open Source Hardware Startups and Their Communities

“…Though literature on business models is still fragmented and lacking a generally accepted definition, one fundamental assumption is that "it represents a conceptualization of the pattern of transactional links between the firm and its exchange partners" (Zott and Amit 2007: 3). On this basis, a business model depicts the interplay of key elements, such as cost and revenue structures (Chesbrough and Rosenbloom 2002;Mitchell and Bruckner Coles 2004) as well as resources, competencies, organizational structures, and unique value propositions (Demil and Lecoq 2010).…”