Business Model Innovation in the Era of Digital Technologies and Societal Challenges
Abstract
This article proposes a conceptual framework for analysing future business model innovation scenarios. It also introduces the special issue “The Future of Business Model Innovation: Core Themes and Pivotal Technologies.” Drawing on existing knowledge, the article identifies two key dimensions that will shape the boundaries and directions of business model innovation in the near to mid-term future. Thus, this article frames the contributions of the special issue to provide a starting point for academics and practitioners seeking to engage in the field.
References
Aagaard, A. & C. Nielsen (2021), The fifth stage of business model research: The role of business models in times of uncertainty, Journal of Business Models, Vol. 9, No. 1, 77-90.
Ahokangas, P. (2023), Hexa-X/6G as a general technology platform for business model innovation, Journal of Business Models, Vol. 11, No. 3, pp. 51-56
Brix, J., & Jakobsen, H. S. (2015). Business model pretotyping: exploring pre-commercialisation opportunities in practice. International Journal of Innovation and Learning, 17(1), 98-110.
Drucker, P. F. (2008), The Essential Drucker: The Best of Sixty Years of Peter Drucker’s Essential Writings on Management. Collins Business Essentials.
Dumay, J. (2016). A critical reflection on the future of intellectual capital: from reporting to disclosure. Journal of Intellectual Capital, 17(1), 168-184.
Foss, N. (2023), Organisational design issues and the proper dimensionalisation of business model innovation, Journal of Business Models, Vol. 11, No. 3, pp. 13-17
Foss, N. J., & Klein, P. G. (2023). Why managers still matter as applied organization (design) theory. Journal of Organization Design, 12(1-2), 7-18.
Foss, N. J., & Saebi, T. (2017). Fifteen years of research on business model innovation: How far have we come, and where should we go? Journal of Management, 43(1), 200-227.
Haefner, N. and O. Gassmann (2023), Generative AI and AI-Based Business Model Innovation, Journal of Business Models, Vol. 11, No. 3, pp. 46-50
Lecocq, X., B. Demil & V. Warnier (2023), Moving business models forward for positive social, environmental and economic outcomes: Managing externalities (and internalities) for sustainability innovation, Journal of Business Models, Vol. 11, No. 3, pp. 117-132
Lingens, B. (2023), How ecosystem management will influence business model innovation: Bridging the gap between theory and practice, Journal of Business Models, Vol. 11, No. 3, pp. 97-104
Lund, M., & Nielsen, C. (2014). The evolution of network-based business models illustrated through the case study of an entrepreneurship project, Journal of Business Models, Vol. 2, No. 1., pp. 105-121.
Magretta, J. 2002. Why Business Models Matter, Harvard Business Review, May, pp. 3- 8.
Massa, L. (2023), Why uncertainty and sustainability will be key drivers of business model innovation, Journal
of Business Models, Vol. 11, No. 3, pp. 24-29
Massa, L., Tucci, C. L., & Afuah, A. (2017). A critical assessment of business model research. Academy of Management Annals, 11(1), 73-104.
Montemari, M., & Nielsen, C. (2013). The role of causal maps in intellectual capital measurement and management. Journal of Intellectual Capital, Vol. 14, No. 4, pp. 522-546.
Nielsen, C. (2023), How Regulation Affects Business Model Innovation, Journal of Business Models, Vol. 11, No. 3, pp. 105-116
Nielsen, C. (2023a), The Impact Report: The Report that all Companies with a Conscience should be Disclosing. Working paper, University of Bologna, available at https://ssrn.com/abstract=4594438
Nielsen, C. (2023b), ESG Reporting and Metrics: From Double Materiality to Key Performance Indicators, Forthcoming in Sustainability.
Nielsen, C. (2023c), The REGS Model. Working paper, University of Bologna, 2023b, available at https://ssrn. com/abstract=4594453
Nielsen, C. & M. Montemari. 2012. The role of human resources in business model performance: The case of network-based companies, Journal of Human Resource Costing & Accounting. Vol. 16, No. 2, pp. 142-164.
Nielsen, C. & M.T. Madsen. 2009. Discourses of transparency in the Intellectual Capital reporting debate: Moving from generic reporting models to management defined information. Critical Perspectives on Accounting, special edition on intellectual capital, Vol. 20, No. 7, pp. 847-854.
Nielsen, C., & Lund, M. (2014). A Brief History of the Business Model Concept. In The Basics of Business Models (pp. 21-27). Ventus. http://bookboon.com/en/the-basics-of-business-models-ebook
Nielsen, C., & R. Roslender, (2015). Enhancing financial reporting: the contribution of business models, British Accounting Review, Vol. 47, No. 3, pp. 262-274.
Nielsen, C., Haslam, C., & Turcan, R. V. (2013). We give you the Journal of Business Models (for free): The inaugural editorial. Journal of Business Models, 1(1), 3-12.
Nielsen, C., K. Brøndum, F.G. Laursen K. Tange & M. Lund, (2020), Kickass Companies: A manual for unlocking growth, Aalborg: Business Research and Business Design publishing (2nd Edition, English version).
Nielsen, C., Lund, M., Montemari, M., Paolone, F., Massaro, M., & Dumay, J. (2018a). Business Models: A Research Overview. Routledge. State of the Art in Business Research
Nielsen, C., M. Lund, S. Schaper, M. Montemari, P. Thomsen, J. Sort, R. Roslender, K. Brøndum, C. Byrge, C. Delmar, L. Simoni, F. Paolone, M. Massaro and J. Dumay (2018b), Depicting A Performative Research Agenda: The 4th Stage of Business Model Research, Journal of Business Models, Vol. 6, No. 2, pp. 59-64
O’Reilly, T. (2007). What is Web 2.0: Design patterns and business models for the next generation of software? Communications & strategies, (1), 17.
Osterwalder, A., & Pigneur, Y. (2010). Business model generation: a handbook for visionaries, game changers, and challengers (Vol. 1). John Wiley & Sons.
Peronard, J. P., & Brix, J. (2018). Sensemaking in collaborative networks: creating and balancing activities in open business models. International Journal of Entrepreneurship and Innovation Management, 22(6), 545-561. Porter, M.E., 2001. Strategy and the Internet. Harvard Business Review 79 (3), 62–79.
Ricart, J.E. (2023), Business Model Innovation as the new strategy arena, Journal of Business Models, Vol. 11, No. 3, pp. 18-23
Rosenstand, C.A.F., J. Brix & C. Nielsen (2023), Metaverse and Society 5.0: Pivotal for future business model innovation, Journal of Business Models, Vol. 11, No. 3, pp. 62-76
Roslender, R. & C. Nielsen (2022), Accounting for the value expectations of customers: re-imagining the Integrated Reporting initiative, Critical Perspectives on Accounting.
Schmück, K. (2023), How Blockchain disrupts business model innovation counting on lock-in effects, Journal of Business Models, Vol. 11, No. 3, pp. 57-61
Seelos, C., & Mair, J. (2007). Profitable business models and market creation in the context of deep poverty: A strategic view. Academy of Management Perspectives, 21(4), 49-63.
Silvi, R., C. Nielsen and A. Pia (2023), From Insights to Business Model Innovation and Results: Using the Digital Transformation Canvas, Journal of Business Models, Vol. 11, No. 3, pp. 30-45
Snihur, Y., & Eisenhardt, K. M. (2022). Looking forward, looking back: Strategic organization and the business model concept. Strategic Organization, 20(4), 757-770.
Sort, J. and C. Nielsen (2018), Using the Business Model Canvas to Improve Investment Processes, Journal of Research in Marketing and Entrepreneurship, 20(1), 10-33
Sort, J., R.V. Turcan & Y. Taran (2023), De-internationalisation, Re-internationalisation and Business Model Innovation: Exploring the Intersection, Journal of Business Models, Vol. 11, No. 3, pp. 77-96
Taran, Y., Boer, H., & Nielsen, C. (2022). The Business Model Innovation Process: Preparation, Organization and Management. (1 udg.) Routledge. Routledge Studies in Innovation, Organizations and Technology
Wirtz, B. W., Pistoia, A., Ullrich, S., & Göttel, V. (2016). Business models: Origin, development and future research perspectives. Long range planning, 49(1), 36-54.
Wirtz, B., & Daiser, P. (2017). Business model innovation: An integrative conceptual framework. Journal of Business Models, 5(1), pp. 14-34.
Zott, C., Amit, R., & Massa, L. (2011). The business model: recent developments and future research. Journal of Management, 37(4), 1019-1042.
Downloads
Published
Issue
Section
License
Articles published in Journal of Business Models follow the license Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND 3.0)
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License: Attribution - NonCommercial - NoDerivs (by-nc-nd). Further information about Creative Commons