Business models for corporate innovation management: introduction of a business model innovation tool for established firms

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Business model innovation (BMI) is the process of integrating a new logic of doing business into an established firm to improve profitability or to capitalise on new business opportunities. However, existing research offers only limited clarity on BMI compared to business model upgrades or a specific product innovation. From a body of extant literature, we develop a BMI identification tool which is then tested by senior managers from four large European corporations to assess whether innovation efforts represent BMI. The tool operationalises BMI and offers straightforward criteria and indicators to assist researchers but especially practitioners at accelerating BMI in established firms. This paper closes with recommendations for future research and limitations.

LanguageEnglish
Article number1850007
JournalInternational Journal of Innovation Management
Volume22
Issue number1
Number of pages24
ISSN1363-9196
DOIs
Publication statusPublished - 2018

    Research areas

  • business model, business model innovation, Innovation, innovation management