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Business Models For Corporate Innovation Management: Introduction Of A Business Model Innovation Tool For Established Firms

Author

Listed:
  • MARTIN TRAPP

    (Friedrich-Alexander-Universität Erlangen-Nürnberg, Lehrstuhl für Industrielles Management, Lange Gasse 20, 90403 Nürnberg, Deutschland)

  • KAI-INGO VOIGT

    (Friedrich-Alexander-Universität Erlangen-Nürnberg, Lehrstuhl für Industrielles Management, Lange Gasse 20, 90403 Nürnberg, Deutschland)

  • ALEXANDER BREM

    (University of Southern Denmark, Mads Clausen Institute, Alsion 2, 6400 Sønderborg, Denmark)

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.

Suggested Citation

  • Martin Trapp & Kai-Ingo Voigt & Alexander Brem, 2018. "Business Models For Corporate Innovation Management: Introduction Of A Business Model Innovation Tool For Established Firms," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-24, January.
    • Handle: RePEc:wsi:ijimxx:v:22:y:2018:i:01:n:s136391961850007x
    DOI: 10.1142/S136391961850007X
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    Citations

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    Cited by:

    1. Edith Galy, 2019. "Perceiving Value In Organisational Innovation: Building A Culture Of Change," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(03), pages 1-24, December.
    2. Kwanyoung Im & Kihwan Nam & Hyunbo Cho, 2020. "Towards successful business model management with analytic network process-based feasibility evaluation and portfolio management," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(3), pages 509-523, September.
    3. M-Chukri Idris & Alptekin Durmuşoğlu, 2021. "Innovation Management Systems and Standards: A Systematic Literature Review and Guidance for Future Research," Sustainability, MDPI, vol. 13(15), pages 1-31, July.
    4. Muhammad Anwar, 2018. "BUSINESS MODEL INNOVATION AND SMEs PERFORMANCE — DOES COMPETITIVE ADVANTAGE MEDIATE?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(07), pages 1-31, October.
    5. Isaac Lemus-Aguilar & Gustavo Morales-Alonso & Andres Ramirez-Portilla & Antonio Hidalgo, 2019. "Sustainable Business Models through the Lens of Organizational Design: A Systematic Literature Review," Sustainability, MDPI, vol. 11(19), pages 1-20, September.
    6. Muhammad Anwar & Syed Zulfiqar Ali Shah & Sher Zaman Khan & Muhammad Sualeh Khattak, 2019. "Manager’S Personality And Business Model Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 23(07), pages 1-27, October.
    7. Andrea Urbinati & Davide Chiaroni & Vittorio Chiesa & Federico Frattini, 2019. "The Role of Business Model Design in the Diffusion of Innovations: An Analysis of a Sample of Unicorn-Tech Companies," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 16(01), pages 1-64, February.

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