Capabilities and Radical Changes of the Business Models of New Bioscience Firms

Brink, Johan; Holmén, Magnus

doi:10.1111/j.1467-8691.2009.00519.x

Cited by 37 publications

(34 citation statements)

References 52 publications

(56 reference statements)

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“…Analytical applications of the business model innovation concept involve analysis of the extent to which different constituents of business models are affected by the introduction of new technologies. Instances of such analysis involve 3D printing (Rayna & Striukova, 2016), bioscience innovations (Brink & Holmén, 2009) or cloud technologies (DaSilva, Trkman, Desouza, & Lindič, 2013). Overall, the literature indicates endogenous and exogenous sources of business model innovation.…”

Section: Literature Review -Business Modelsmentioning

confidence: 99%

How Can Blockchain Technology Disrupt the Existing Business Models?

Nowiński

Kozma

2017

EBER

199

120

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A B S T R A C T Objective:The main purpose of the paper is to show that blockchain technology may disrupt the existing business models and to explore how this may occur. Research Design & Methods: This is a theory development paper which relies on a literature review and desk re-search. The discussion of the reviewed sources leads to the formulation of three re-search propositions. Findings: The paper provides a short overview of key literature on business models and business model innovation, indicating, among others, that new technologies may be one of the drivers of business model innovation. This study also provides an overview of blockchain technology and a range of its business applications showing how it can disrupt business models. It is shown that blockchain technology may affect many dimensions of business models. We propose that there are three crucial ways in which blockchain technology can affect and disrupt business models: by authenticating traded goods, via disintermediation and via lowering transaction costs. Implications & Recommendations:This study shows that blockchain technology may affect diverse dimensions of business models in diverse industries. It is recommended that mangers should follow developments in this field in order to prepare for possible disruptions in their industries. Contribution & Value Added:This study provides an analysis of the possible impact of blockchain technology on business model innovation. Blockchain technology is gaining momentum with more and more diverse applications, as well as increasing numbers of actors involved in its applications. This paper contributes to our understanding of the possible applications of blockchain technology to businesses, and in particular to its impact on business models. Article type: research paper

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Section: Literature Review -Business Modelsmentioning

confidence: 99%

How Can Blockchain Technology Disrupt the Existing Business Models?

Nowiński

Kozma

2017

EBER

199

120

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“…108,109 Business Models Change Dynamics are 4 publications focused on the dynamics of why biopharmaceutical firms change their business model over time. These dynamics include new commercial opportunity recognition 110 , the opportunity to capture more value from their discovery efforts by expanding toward therapy development 111 or even a natural evolutionary trend toward therapy development after founding due to resource constraints.…”

Section: 93 Drivers Of Business Model Choicementioning

confidence: 99%

Business Model Innovation Opportunities for the Biopharmaceutical Industry: A Systematic Review

Downs

Velamuri²

2016

JCB

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Research on business model innovation for the biopharmaceutical industry continues to be an area of high global interest due to the combination of industry innovation challenges and global macroeconomic pressures.Â Through the use of a systematic literature review the purpose of this research is to explore the universe of academic literature published from 1976 to 2013 that has addressed business model relevant factors and dynamics in the biopharmaceutical industry and inductively mine this literature for insights into the opportunities for business model innovation.Â After identifying and reviewing 305 relevant publications, 12 categories were developed and key dynamics discussed.Â The author finds that opportunities for business model innovation lie in five key areas, External Orientation, Learning Capabilities, Cluster Participation, Qualified Business Management Team and Organization Controls.Â This research provides not only insight into opportunities for business model innovation specific to this industry but also can be used independently as a valuable reference tool for similar research.

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“…Brink and Holmén (2009) longitudinally explored the association between the evolution of the firm's set of capabilities and changes in their business models in the bioscience industry and concluded that the lack of certain technological capabilities is not an obstacle for firms to change and adopt a business model, rather the existence (or absence) of business-related capabilities hinders the change.…”

Section: Key Aspects Of Business Model Changementioning

confidence: 99%

“…Questions on the frequency and radicalness of business model change (Brink & Holmén, 2009), factors driving the evolution of successful business models (George & Bock, 2011) and the nature of the dynamic forces shaping business models over time (Zott & Amit, 2013) are motivations for an exploratory, quantitative and longitudinal view of a process that has been historically approached from a static stance (Demil & Lecocq, 2010).…”

Section: Research Orientation and Typementioning

confidence: 99%

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A developmental perspective on business model innovation: exploring sequences of change in high-performing IT firms

Brea¹

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Altering and enhancing existing business models through business model innovation has emerged as a powerful competitive strategy that can provide advantage over extended periods of time.Business model innovation also presents a fundamental counterpart for technological, product and organisational innovations. Success stories of unconventional firms disrupting markets and sustaining financial rewards over competitors through business model innovation can be found in virtually any industry. A key success factor for long-term competitiveness lies in the implementation of multiple, rather than punctual, business model innovations over time, although achieving change through successive iterations is a challenge driven by market and technological dynamics and disruption. However, the lack of empirical investigation on the dynamics of business iii Business model change events are identified through outlier detection and analysis of coordinated changes across the value creation, delivery and capture dimensions of the business models. Data were collected from a large financial database and transformed into individual sequences of change events. A validation procedure assessed the accuracy of the identification process for business model change events through qualitative data and in-depth analysis for four firms in the larger sample. Then, the individual sequences of change events were used as inputs for data mining methods of analyses, complemented by frequency domain analysis and statistical tests, which revealed the patterns of business model development in high-performing firms.The results suggest a significant association between the timing and intensity at which firms change their business models and their average performance over time. The evidence also suggests that business model change is likely to culminate in events where the value delivery dimension is altered. In terms of the frequency and magnitude of changes, high-performing firms are more likely to develop their business models through frequent and incremental alterations over time, except for mature-large firms who, compared to young-small, young-large and mature-small firms, are more likely to implement radical, less frequent changes over time. Both environmental and internal forces influence the intensity at which high-performing firms typically alter their business models, although environmental factors are more significant than internal forces. Both unconscious and deliberated actions influence business model development in high-performing firms. Unconscious actions dictated by the firm's particular characteristics of age, size and sub-industry membership are a more significant influence than deliberated, emergent actions.This research develops the new concept of business model development, and provides a contribution to theory by empirically examining a previously unexplored process. By adopting the process-based approach, this research contributes to new thinking and research in business model innovation centred on analysing the flow of eve...

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Capabilities and Radical Changes of the Business Models of New Bioscience Firms

Cited by 37 publications

References 52 publications

How Can Blockchain Technology Disrupt the Existing Business Models?

How Can Blockchain Technology Disrupt the Existing Business Models?

Business Model Innovation Opportunities for the Biopharmaceutical Industry: A Systematic Review

A developmental perspective on business model innovation: exploring sequences of change in high-performing IT firms

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