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How External Factors Influence Business Model Innovation: A Study of the Bosch Group and the Chinese Automotive Aftermarket

Author

Listed:
  • Hua Wang
  • Chris Kimble

    (Euromed Marseille - École de management - Association Euromed Management - Marseille, MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier)

Abstract

Adapting existing business models for use in developing economies poses particular challenges for established firms. Yet, few studies have separated stable internal factors from the novel external factors that drive change in the existing business model. The Bosch Group's investment in the Chinese automobile aftermarket highlights the impact of four principal external factors—industry, technology, institutions, and market—on business model innovation. A proposed framework comprising these factors offers managers who are charged with expanding into a developing economy guidance in modifying an existing business model to suit local conditions. By so doing, they will be better equipped to ensure the attainment of organizational objectives in their new setting.

Suggested Citation

  • Hua Wang & Chris Kimble, 2016. "How External Factors Influence Business Model Innovation: A Study of the Bosch Group and the Chinese Automotive Aftermarket," Post-Print halshs-01353507, HAL.
    • Handle: RePEc:hal:journl:halshs-01353507
    DOI: 10.1002/joe.21712
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    Cited by:

    1. Dotun Olaleye Faloye & Idowu Owoeye & Kunle Jayeola, 2021. "The Key Drivers of Business Model Innovation in Developing Countries’ Firms: Survey of Micro and Small Scale Enterprises in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(07), pages 148-157, July.
    2. Mulaa, Josephine K. & Kilika, James M. & Namusonge, Mary J. & Institute of Research, Asian, 2021. "Conceptualizing Strategic Innovation in a Firm Context: A Theoretical Review and Research Agenda," OSF Preprints 8ckts, Center for Open Science.

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