Meta-systematic review on business model innovation studies

Due to the term value, the notation of the business model innovation (BMI) has diverse concepts among scholars. Thus, a combined meta-analysis and systemic review method have used to resolve criticisms on the two individual methods and achieve the required objective of the review. From the review, it can be argued that, the process of BMI requires having a common understanding and consensus on societal, environmental, and economic (SEE) factors. Consequently, consciousness on 'SEE' could support business models on creating an opportunity to transform firms' current way of doing business as usual into the innovative way. However, the literature cannot also ignore the fact in which the main reason for manufacturing firms' business models existence is for profit maximisation. Hence, environmental and social aspects are additional elements of BMI, which supports value maximisation in a balanced way. Consequently, this article has a new scientific contribution by developing a conceptual outlook of social, economic, and environmental constructs into a business model.