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Business model innovation: Creating value in times of change

Author

Listed:
  • Amit, Raphael

    (The Wharton School)

  • Zott, Christoph

    () (IESE Business School)

Abstract

We highlight business model innovation as a way for general managers and entrepreneurs to create and appropriate value, especially in times of economic change. Business model innovation, which involves designing a modified or new activity system, relies on recombining the existing resources of a firm and its partners, and it does not require significant investments in R&D. We offer managers and researchers a conceptual primer on business model innovation emphasizing the importance of system-level thinking.

Suggested Citation

  • Amit, Raphael & Zott, Christoph, 2010. "Business model innovation: Creating value in times of change," IESE Research Papers D/870, IESE Business School.
  • Handle: RePEc:ebg:iesewp:d-0870
    as

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    File URL: http://www.iese.edu/research/pdfs/DI-0870-E.pdf
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    Citations

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    Cited by:

    1. Bouncken, Ricarda B. & Fredrich, Viktor, 2016. "Business model innovation in alliances: Successful configurations," Journal of Business Research, Elsevier, vol. 69(9), pages 3584-3590.
    2. Nicola Searle & Gregor White, 2013. "Business models," Chapters,in: Handbook on the Digital Creative Economy, chapter 5, pages 45-56 Edward Elgar Publishing.
    3. Bouncken, Ricarda B. & Fredrich, Viktor, 2016. "Good fences make good neighbors? Directions and safeguards in alliances on business model innovation," Journal of Business Research, Elsevier, vol. 69(11), pages 5196-5202.
    4. Elias Carayannis & Evangelos Grigoroudis & Stavros Sindakis & Christian Walter, 2014. "Business Model Innovation as Antecedent of Sustainable Enterprise Excellence and Resilience," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(3), pages 440-463, September.
    5. repec:wsi:ijimxx:v:21:y:2017:i:01:n:s1363919617500049 is not listed on IDEAS
    6. repec:wsi:ijitmx:v:14:y:2017:i:05:n:s0219877017500286 is not listed on IDEAS
    7. Rayna, Thierry & Striukova, Ludmila, 2016. "From rapid prototyping to home fabrication: How 3D printing is changing business model innovation," Technological Forecasting and Social Change, Elsevier, vol. 102(C), pages 214-224.

    More about this item

    Keywords

    Business model; innovation; activity system; design; value creation;

    JEL classification:

    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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