Does BMI help business to succeed?

This study investigates if BMI helps business innovation to succeed. We analyzed 27 SME cases having differing combinations of Business Model Innovation (BMI), New Product Development (NPD) and effectuation methods. We also analyzed the drivers and market strategy of the SMEs. We found out that typical SME innovation success cases combine at...

The People-side of Implementing Business Model Innovation: A study on the role of employee motivation, development & readiness to change in implementing business model innovation

The concept of business model innovation (BMI) has taken off significantly over the last decade in the academic as well as the business environment. It is seen as an important source of competitive advantage and is increasingly being used to achieve superior firm performance. Nevertheless, the field is yet to embrace the organizational dimension...

How "novel" can business model innovations be?: Examining the effect of institutionalism towards business model innovation

The rise of ICT and the ever increasing competitiveness in industries have pushed firms to increase their propensity in changing and innovating their activities. As this need for firms to change constantly increases, the study of business model innovation have taken the spotlight. There exist a need for the knowledge stream to grow and...

Business Model Innovation in European SMEs: Descriptive analysis of quantitative survey and case survey data

In this paper we analyse Business Model Innovation (BMI) in European micro, small and medium sized enterprises (SME). We present descriptive findings from our quantitative survey and qualitative case survey on how SMEs are innovating their Business Models. Our survey indicates that 37% of European SMEs innovate their Business Model. We found...

Exploring business model innovation in the Polish SME sector

The business model (BM) and business model innovation (BMI) concepts have been given increasing attention in recent years by both academic researchers and business environment. BMI is seen as essential for company’s survival and growth and is increasingly being used to explain differences in firm performance. Nevertheless, little is known about...

Designing an ICT tool platform to support SME business model innovation: Results of a first design cycle

Business model innovation (BMI) is becoming increasingly relevant for enterprises as they are faced with profound changes like digitalization. While business model thinking in academia has advanced, practical tooling that supports business model innovation for small and medium sized enterprises (SMEs) is still lacking. In this paper, we design,...