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What is Business Model Innovation

Customer Satisfaction and Sustainability Initiatives in the Fourth Industrial Revolution
The complex architecture of connected components/elements underlying value creation, delivery and capture and assuming that innovation is a necessary part of business model concept.
Published in Chapter:
Innovative Business Models in Digital Firms: The Challenge of Sustainability
Patrizia Accordino (University of Messina, Italy), Tindara Abbate (University of Messina, Italy), Daniela Rupo (University of Messina, Italy), Raffaella Coppolino (Department of Economics, University of Messina, Italy), and Elvira Tiziana La Rocca (University of Messina, Italy)
DOI: 10.4018/978-1-7998-1419-1.ch005
Abstract
The 17 Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda for Sustainable Development intends to improve efforts of governments, societies, and companies to deal with major social and environmental problems affecting contemporary societies. From a business perspective, companies can find a propulsive boost of innovation looking at different models of production and use of services/products. This new perspective is radically changing the ways companies and consumers interact, and the role of companies in supporting the achievement of SDGs through service innovation is becoming pervasive. In addition, the emerging digital economy represents a great opportunity opening up to sustainability-oriented service innovation and firms are developing their competitive advantage based on the introduction of new digital business models. This chapter explores this issue through an explorative case study based on the MyTaxi business model. Implications for managers and researchers and opportunities for future research are highlighted.
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More Results
Small and Medium Tourism Enterprise Survival in Times of Crisis: “El Capricho de Gaudí”
Business model innovation is the art of enhancing advantage and value creation by making simultaneous—and mutually supportive—changes both to an organization's value proposition to customers and to its underlying operating model.
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Digital Transformations and the Importance of Business Models for Organizations: Digital Business Models – The Key for Success in Today's Business World
Often this is a result from business experimentation in order to gain competitive advantage on the market, and it must be a significant new improvement from the initial model adding more revenue and reducing costs.
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Analysis and Comparison of Business Models of Leading Enterprises in the Chinese Hydrogen Energy Industry
A business model innovation describes the process in which an organization adjusts its business model. Often times these innovations fundamentally change how a company delivers value to its customers, whether that’s through the development of new revenue streams or distribution channels.
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Engaging Social Movements in Developing Innovative Retail Business Models
Innovation regarding one or more interlocked constituent parts of a business model?customer value proposition, profit model, key processes and/or key resources.
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Increase the Diffusion Rate of Emergent Technologies
Is a new way to generate value for customers and stakeholders and enables the establishment of competitive advantage for the company or research institution.
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Business Model Innovation-Oriented Technology Management for Emergent Technologies
Business model innovation is a new way to generate value for customers and stakeholders and enables the establishment of competitive advantage for the company or research institution.
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