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Re-visiting BMI as an Enabler of Strategic Intent and Organizational Resilience, Robustness, and Remunerativeness

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  • Elias G. Carayannis

    (GWU School of Business)

  • Evangelos Grigoroudis

    (Technical University of Crete)

  • Dimitra Stamati

    (Technical University of Crete)

Abstract

In this paper, the concept of business model innovation will be explored in depth. The main objective of this study is to analyze whether, how, and where the business model innovation (BMI) is linked with the organizational design (OD) and the enterprise excellence (EE). This is achieved through a quantitative survey that was conducted with a questionnaire on a sample of 62 small-medium enterprises (SMEs) as well as through the case studies that present the current trends and perspectives of the BMI and led to the creation of a multisectoral typology. Initially, the “Introduction” will provide the basic concepts; in the section “Literature Review,” the theoretical background will be given; the section “Business Model Innovation, Organizational Design, and Enterprise Excellence” aims to describe how these concepts are connected through the existing literature; in the section “DUCCK Model, SKARSE, Targeted Open Innovation, Quadruple Helix, and Examples of Business Models,” these terms will be discussed as well as examples of these will be given; in the section “Current Perspectives and Trends of the Business Model Innovation,” the case studies will be presented as well as the multisectoral typology; the section “Empirical Research Design” will provide information regarding the development of the questionnaire, the survey data and the sample profile, the methods, and the tool that was used; in the section “Results,” both the descriptive and the correlation analysis results will be presented whereas the section “Discussion and Conclusions” will present and discuss a summary of the main results as well as the future extensions. Through the research, the results showed that the BMI can be a driver for the sustainable development and the competitiveness of enterprises whereas, through the case studies and the multisectoral typology, it resulted that each company depending on the sector uses a different type of BMI.

Suggested Citation

  • Elias G. Carayannis & Evangelos Grigoroudis & Dimitra Stamati, 2017. "Re-visiting BMI as an Enabler of Strategic Intent and Organizational Resilience, Robustness, and Remunerativeness," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 407-436, June.
    • Handle: RePEc:spr:jknowl:v:8:y:2017:i:2:d:10.1007_s13132-017-0471-3
    DOI: 10.1007/s13132-017-0471-3
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    1. Rick Edgeman & Jacob Eskildsen, 2014. "Modeling and Assessing Sustainable Enterprise Excellence," Business Strategy and the Environment, Wiley Blackwell, vol. 23(3), pages 173-187, March.
    2. Elias Carayannis & Caroline Sipp, 2010. "Why, When, and How are Real Options used in Strategic Technology Venturing?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 1(2), pages 70-85, June.
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    2. 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.

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