2020
DOI: 10.1142/s0219877020400040
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Open Business Model Innovation via the Internet: How Wiki Technologies Can Improve the Quality of Business Models

Abstract: Increasingly, firms follow the strategy of open business model innovation via the Internet. In this form of digital innovation management, firms make use of Internet platforms that allow them to integrate external customers and other stakeholders for (re-)innovation of their business models. However, the used IT tools on these Internet platforms suffer from not being able to merge the content of multiple users in an adequate way, thus the resulting business models suffer from low degrees of quality. A… Show more

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Cited by 6 publications
(3 citation statements)
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“…Under the new situation, the operation mode of foreign trade enterprises has become more complicated and diversified due to the openness and flexibility of the network. In order to adapt to the changing market environment of information technology and Internet, foreign trade enterprises must constantly adjust their business strategies, change the original traditional business model, and change from the traditional model to the new business model under the background of "internet plus Foreign Trade" [6]. It is reconstructing many traditional industries, and its limited knowledge and skills determine that they are not completely rational economic agents.…”
Section: Impact Of Big Data On Economic Lifementioning
confidence: 99%
“…Under the new situation, the operation mode of foreign trade enterprises has become more complicated and diversified due to the openness and flexibility of the network. In order to adapt to the changing market environment of information technology and Internet, foreign trade enterprises must constantly adjust their business strategies, change the original traditional business model, and change from the traditional model to the new business model under the background of "internet plus Foreign Trade" [6]. It is reconstructing many traditional industries, and its limited knowledge and skills determine that they are not completely rational economic agents.…”
Section: Impact Of Big Data On Economic Lifementioning
confidence: 99%
“…They help create value by leveraging a large number of ideas, including external outsiders [48][49][50]. They also allow for greater value capture by leveraging a company's key assets, resources or positions not only in its own business, but also in the business of other companies [51][52][53][54][55][56]. Companies with an open business model actively seek innovative ways to collaborate with all business partners: suppliers, customers or general partners, to expand their business, e.g., through servitization.…”
Section: Industry 40 Towards Open Business Modelmentioning
confidence: 99%
“…With the deepening of the development of business administration, the scope of the application of computers in this field is also expanding [1]. However, the situation of business administration is more complicated, involving many fields, computers cannot effectively integrate with business administration and lack innovation [2].…”
Section: Introductionmentioning
confidence: 99%