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Directed Innovation of Business Models

Author

Listed:
  • Stelian Brad

    (Technical University of Cluj-Napoca, Romania)

  • Emilia Brad

    (Technical University of Cluj-Napoca, Romania)

Abstract

Business model innovation is an important issue to keep business competitive and increase company’s profits. Due to many market attractors, identification of appropriate paths of business model evolution is a painful and risky process. To improve decision’s effectiveness in this process, an architectural construct of analysis and conceptualization for business model innovation that combines directed evolution and blue ocean concepts is proposed in this paper under the name of directed innovation. It displays the key points where innovations would happen to direct adaptation of the business model towards sustainable competitiveness. Formulation of mature solutions is supported by inventive problem solving tools. The significance of the directed innovation approach is demonstrated in a case study dealing with business model innovation of a software company.

Suggested Citation

  • Stelian Brad & Emilia Brad, 2016. "Directed Innovation of Business Models," International Journal of Management, Knowledge and Learning, ToKnowPress, vol. 5(1), pages 99-121.
    • Handle: RePEc:tkp:jouijm:v:5:y:2015:i:1:p:99-121
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