Business models for corporate innovation management

introduction of a business model innovation tool for established firms

Martin Trapp, Kai-Ingo Voigt, Alexander Brem

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

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.

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

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Innovation
Industry
Corporate innovation
Innovation management
Business model innovation
Business model
Identification (control systems)
Profitability
Managers

Keywords

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

Cite this

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abstract = "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.",
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Business models for corporate innovation management : introduction of a business model innovation tool for established firms. / Trapp, Martin ; Voigt, Kai-Ingo; Brem, Alexander.

In: International Journal of Innovation Management, Vol. 22, No. 1, 1850007, 2018.

Research output: Contribution to journalJournal articleResearchpeer-review

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AU - Trapp, Martin

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AU - Brem, Alexander

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AB - 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.

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