Business model configurations: a five-V framework to map out potential innovation routes
- Document type
- Taran, Y.; Nielsen, C.; Montemari, M.
- Date of publication
- 5 July 2016
- Management & leadership: including strategy, public sector management, operations and production
- Business and management
- Material type
This article is about business model (BM) innovation. It starts from the premise that managers - according to the authors - still lack appropriate frameworks and tools to support them in updating their company's existing BM.
The purpose of the paper is to offer managers a set of tools to develop new BM and improve existing ones.
The authors conducted a systematic literature review to group existing BMs into appropriate groups. The BMs are then grouped into separate classes.
The paper systematically develops a list of 71 BM configurations and groups them into an ontological classification scheme according to five groups: Value Proposition, Value Segment, Value Configuration, Value Network, and Value Capture.
The paper illustrates how the BM innovation framework, enabled by this ontological classification scheme, provides a platform for identifying BM innovation routes for companies, allowing managers to envisage radical, disruptive, and new-to-the world BM configuration ideas, or apply existing configurations from other industrial settings in what may be deemed new-to-the-industry innovation.
Related to Management & leadership: including strategy, public sector management, operations and production
Downloadable white paper defining what organsiational purpose is and how it can help drive performance.
Downloadable report looking at what employers think should be done to help prepare students for working life.
Downloadable report on trade and business planning for Brexit
Downloadable report ranking the UK's largest listed companies based on their corporate governance performance
Related to Emerald
Downloadable article on the effectiveness of entrepreneurship education
This article is about consumer value and the related consumer willingness to pay (WTP) for innovations.The purpose of this paper is to examine the impact of national culture and globalization
This paper is about leadership styles. In particular, it investigates what kind of leadership young innovators favour.Leadership preferences are studied in the context of transformational leadership
This article is about business model (BM) innovation. It starts from the premise that managers - according to the authors - still lack appropriate frameworks and tools to support them in updating their