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Business model innovation: an integrated approach based on elements and functions

Author

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  • Yue Zhang

    (Jilin University
    Purdue University)

  • Shukuan Zhao

    (Jilin University)

  • Xiaobo Xu

    (American University of Sharjah)

Abstract

Business model innovation can be used to acquire competitive advantages. In this paper, we applied an integrative approach to study business model in terms of elements and functions. In the paper, three types of business model innovations were discussed: original innovation, induced innovation, and imitative innovation. The major contributions of this paper are: (1) improving the understanding of the business models; (2) providing a new perspective on business model innovation; and (3) proposing the paths for business model innovation. The paper also discussed how new information technology may promote business model innovation.

Suggested Citation

  • Yue Zhang & Shukuan Zhao & Xiaobo Xu, 2016. "Business model innovation: an integrated approach based on elements and functions," Information Technology and Management, Springer, vol. 17(3), pages 303-310, September.
    • Handle: RePEc:spr:infotm:v:17:y:2016:i:3:d:10.1007_s10799-015-0225-5
    DOI: 10.1007/s10799-015-0225-5
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    References listed on IDEAS

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    Cited by:

    1. Linlin Zheng & Yashi Dong & Jineng Chen & Yuyi Li & Wenzhuo Li & Miaolian Su, 2022. "Impact of Crisis on Sustainable Business Model Innovation—The Role of Technology Innovation," Sustainability, MDPI, vol. 14(18), pages 1-28, September.
    2. Caihong Hou & Zhengnan Nie, 2022. "Interplay of External and Internal Knowledge: Business Model Innovation Analysis in Chinese Publicly Traded Film Companies," Sustainability, MDPI, vol. 14(16), pages 1-14, August.
    3. Seong-Taek Park & Jae-Rim Jung & Chang Liu, 2020. "A study on policy measure for knowledge-based management in ICT companies: focused on appropriability mechanisms," Information Technology and Management, Springer, vol. 21(1), pages 1-13, March.
    4. Radu Godina & Inês Ribeiro & Florinda Matos & Bruna T. Ferreira & Helena Carvalho & Paulo Peças, 2020. "Impact Assessment of Additive Manufacturing on Sustainable Business Models in Industry 4.0 Context," Sustainability, MDPI, vol. 12(17), pages 1-21, August.
    5. Mancuso, Ilaria & Messeni Petruzzelli, Antonio & Panniello, Umberto, 2023. "Innovating agri-food business models after the Covid-19 pandemic: The impact of digital technologies on the value creation and value capture mechanisms," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    6. Pan Wang & Sohail Chaudhry & Li Da Xu, 2016. "Introduction: Advances in e-business engineering and management," Information Technology and Management, Springer, vol. 17(3), pages 199-201, September.

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