Software tools for business model innovation: current state and future challenges

Szopinski, Daniel; Schoormann, Thorsten; John, Thomas; Knackstedt, Ralf; Kundisch, Dennis

doi:10.1007/s12525-018-0326-1

Cited by 66 publications

(71 citation statements)

References 61 publications

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“…However, BMDTs are still in their infancy and a large part of their potential remains untapped. We found evidence of this in our systematic review of BMDTs in an earlier study where the software had been used merely as an electronic whiteboard (Szopinski et al, 2019). While these BMDTs have functions that, among others, allow to represent, share, annotate, and version business models, they fall short of those suggested by Lubart (2005) as being able to facilitate "the creative act through integrated human-computer cooperation during idea production" (Lubart, 2005, p. 365).…”

Section: Introductionmentioning

confidence: 90%

Jumping, dumping, and pumping: Three mental principles for idea generation to activate software-based tools in business model innovation

Szopinski

2019

Humanizing Technology for a Sustainable Society

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Section: Introductionmentioning

confidence: 90%

Jumping, dumping, and pumping: Three mental principles for idea generation to activate software-based tools in business model innovation

Szopinski

2019

Humanizing Technology for a Sustainable Society

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“…Täuscher and Abdelkafi (2017) conduct a systematic literature review, categorizing 95 visual business model representations into a framework based on their contents. Szopinski et al (2019) create a taxonomy of online business model tools, focusing on their modelling, collaboration and technical characteristics. None of the existing taxonomies or overviews focuses on business model exploration specifically.…”

Section: Business Model Toolsmentioning

confidence: 99%

“…Tools for describing, presenting and communicating business models are emerging rapidly, both in practice and academia (Szopinski et al 2019). Business models describe how companies create value for users and stakeholders (e.g.…”

Section: Introductionmentioning

confidence: 99%

How do business model tools facilitate business model exploration? Evidence from action research

Athanasopoulou

Reuver

2020

Electron Markets

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Business model tools are commonly used to describe and communicate business model ideas. However, studies do not sufficiently address whether and how business model tools support the early, exploratory phase in which new business models are initiated, conceptualized, assessed and planned. In this exploratory phase, offerings and addressable markets are highly uncertain, which requires extensive idea generation, reframing, comparison and evaluation. This paper examines whether and how business model tools facilitate the process of business model exploration. Through action research, we find three ways in which business model tools can better facilitate the process of exploring, reframing and comparing alternative business models. The paper contributes to business model literature and managerial practice by providing empirical evidence on how tooling facilitates business model exploration.

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“…Although prior research contains several fintech taxonomies [12,23,33], they do not address the question of how information technologies affects fintech business models. In the next section, we discuss the business model canvas framework [2,39] that provides the theoretical foundation for the examination of the role of IT in fintech business model innovation in our study.…”

Section: Fintechmentioning

confidence: 99%

The Role of Information Technology in Fintech Innovation: Insights from the New York City Ecosystem

Mamonov

2020

Lecture Notes in Computer Science

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Fintech is an active area of innovation and a rapidly growing sector of the economy, yet relatively little is known about how information technology contributes to innovation in fintech. We draw on the business model canvas framework and we examine the role of information technology in the business models of leading fintech startups in the New York City fintech ecosystem. We find that information technology plays a key role across nearly all components of the business models, orchestrating resources and processes to efficiently deliver personalized financial services to customers. Focusing on the IT-enabled value propositions across the fintech startups in our sample, we find that the startups tend to emphasize low-cost offerings that may pose a threat to incumbent business models in financial services.

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Software tools for business model innovation: current state and future challenges

Cited by 66 publications

References 61 publications

Jumping, dumping, and pumping: Three mental principles for idea generation to activate software-based tools in business model innovation

Jumping, dumping, and pumping: Three mental principles for idea generation to activate software-based tools in business model innovation

How do business model tools facilitate business model exploration? Evidence from action research

The Role of Information Technology in Fintech Innovation: Insights from the New York City Ecosystem

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