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Internet of Things Business Model Innovation and the Stage-Gate Process: An Exploratory Analysis

In: Digital Disruptive Innovation

Author

Listed:
  • Jan F. Tesch
  • Anne-Sophie Brillinger
  • Dominik Bilgeri

Abstract

Large manufacturing companies will in future be continuously challenged to develop and implement new IoT-related business models. Existing research offers interesting insights on high-level stages of business model innovation (BMI) processes in general. However, only little is known about the presence of main gates in BMI processes and even less about the underlying decision criteria applied at these gates. To shed more light on this research field, 27 expert interviews with employees from eight companies across the IoT ecosystem were conducted. The expert interviews reveal that, despite the increasing popularity of (radically) new innovation approaches, two main decision points can be identified across BMI processes. These findings are a first explorative step towards a better understanding of IoT adoption and provide a starting point for interesting future research avenues.

Suggested Citation

  • Jan F. Tesch & Anne-Sophie Brillinger & Dominik Bilgeri, 2019. "Internet of Things Business Model Innovation and the Stage-Gate Process: An Exploratory Analysis," World Scientific Book Chapters, in: Joe Tidd (ed.), Digital Disruptive Innovation, chapter 8, pages 209-230, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9781786347602_0008
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    More about this item

    Keywords

    Innovation; Digital Innovation; Disruptive Technologies; Digital Disruption Strategies; Digital Business Model Innovation; Digital Platform Innovation;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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