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The Three Faces of Business Model Innovation: Challenges for Established Firms

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dc.contributor.authorKoen, Peter A
dc.contributor.authorBertels, Heidi
dc.contributor.authorElsum, Ian
dc.date.accessioned2015-12-10T21:56:06Z
dc.date.issued2011
dc.date.updated2016-02-24T10:28:08Z
dc.description.abstractOVERVIEW: Business model innovation represents a significant opportunity for established firms, as demonstrated by the considerable success of Apple's iPod/iTunes franchise. However, it also represents a challenge, as evidenced by Kodak's failed attempt to dominate the digital photography market and Microsoft's difficulty gaining share in the gaming market, despite both companies' huge financial investments. We developed a business model innovation typology to better explain the complex set of factors that distinguishes three types of business model innovations and their associated challenges.
dc.identifier.issn0895-6308
dc.identifier.urihttp://hdl.handle.net/1885/39259
dc.publisherIndustrial Research Institute
dc.sourceResearch Technology Management
dc.subjectKeywords: Breakthrough innovations; Business model innovation; Disruptive innovations; Radical innovation; Value network; Engineering research; Innovation; Industry Breakthrough innovation; Business model innovation; Disruptive innovation; Radical innovation; Sustaining innovation; Value networks
dc.titleThe Three Faces of Business Model Innovation: Challenges for Established Firms
dc.typeJournal article
local.bibliographicCitation.issue3
local.bibliographicCitation.lastpage59
local.bibliographicCitation.startpage52
local.contributor.affiliationKoen, Peter A, Stevens Institute of Technology
local.contributor.affiliationBertels, Heidi, University of Pittsburgh
local.contributor.affiliationElsum, Ian, College of Business and Economics, ANU
local.contributor.authoruidElsum, Ian, u4931109
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor150307 - Innovation and Technology Management
local.identifier.absseo910402 - Management
local.identifier.ariespublicationu4024396xPUB174
local.identifier.citationvolume54
local.identifier.doi10.5437/08953608X5403009
local.identifier.scopusID2-s2.0-83155168500
local.identifier.thomsonID000290371200011
local.type.statusPublished Version

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