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H. Khodaei

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9 records found

Journal article (2026) - H. Khodaei, V.E. Scholten
The business model canvas (BMC) is broadly used in entrepreneurship education as a trusted, practical tool for mapping out a company’s business model. Although the BMC helps students to obtain a quick overview of business operations, in practice, entrepreneurs need to adapt and change their business operations constantly in order to grow and remain viable. These changes in a business model are represented by business model innovation (BMI), but frameworks that capture changes in operations are not well developed. Hence, there is a need to present the dynamics of business model innovation through a dynamic business model framework. In this paper, we followed the experiential learning approach and focused on teaching BMI through applying and analyzing BMI in real start-up cases. We applied a two-phase research design by first asking students to apply and analyze the BMI of real start-ups using both the current business model canvas and the proposed dynamic business model framework. Following their analyses, master’s students were administered a survey to assess the benefits of the proposed dynamic business model framework. The results show that the current business model canvas has limitations in capturing the dynamics of BMI, which can be addressed by our proposed dynamic business model framework. The proposed framework can improve students’ level of understanding of BMI and, in particular, its dynamic nature. ...
This study examines what technology-based startups treat as external triggers for initiating sustainable business model innovation (SBMI) through an interview-centered, comparative qualitative study of 31 sustainability-oriented startups in the Netherlands. The 46 semi-structured interviews conducted during 2023–2025 were complemented by archival material to develop a multilevel framework of external triggers. The analysis identifies seven trigger domains across two distinct levels. At the value network level, startups report customer and user adoption expectations for greener solutions, ecosystem gatekeeper and competitive pressures, impact-oriented finance and public funding conditions, and digital trust, traceability, and transparency requirements in procurement and inter-organizational exchange. At the institutional level, startups report clean-tech trajectories and socio-technical infrastructures, rules, standards, and compliance regimes, and societal climate and circularity norms shaping legitimacy climates and solution spaces. The findings show that SBMI initiation is not prompted by an undifferentiated set of generic environmental factors, but by structured multilevel triggers that impact startups through distinct ecosystem channels and prompt reconsideration of value creation, value delivery, and value capture. ...
Journal article (2026) - Hanieh Khodaei, Linda M. Kamp, Xiaojing Xu
Business model dynamics are key to the success of companies. This is particularly the case for sustainability-oriented companies that aim to tackle grand challenges by rethinking how companies create, deliver, and capture value, which can combine profit orientation with social and environmental purposes. However, understanding how companies transit towards sustainable business models through the change of company value logics remains unclear and current business model frameworks cannot capture such dynamics. Combining insights from the literature on sustainable business models and business model dynamics, our study proposed a comprehensive sustainable dynamic business model framework. The proposed framework takes into account the main elements of a sustainable business model and present the mechanisms that drive different sustainability-oriented values, and how their values change and are influenced by internal and external factors during the company development process. The framework is applied in multiple-case analysis of different PV companies in China. The application of the framework shows that it is able to present the mechanisms that drive different sustainability-oriented values and to capture business model dynamics in a comprehensive way and that it allows for case study comparison. The results of our research have significant implications for business model, both in theory and practice. ...
Journal article (2026) - P.K. Thakkar, H. Khodaei, J.R. Ortt, G. Kharbeet
Digitalization is increasingly reshaping business models, yet the mechanisms through which specific digital technologies influence business model transformation in renewable energy remain insufficiently understood. Unlike prior research that treats digitalization and business models separately or focuses on macro-level impacts, this study examines how digital technologies affect business model components—value creation, value delivery, and value capture—in renewable energy firms and the extent to which they drive business model adaptation, evolution, or innovation. It aims to combine insights from the literature on digitalization, sustainability, and business models. Through a systematic literature review following the four-phase PRISMA methodology, 32 peer-reviewed studies were analyzed using a combination of descriptive, bibliometric, and Gioia-based thematic coding analyses to identify structures and patterns across the dataset. The analysis introduces a functional grouping perspective, linking digital technologies to business model components, and business model changes. Findings reveal that the same technology can enable multiple, overlapping transformation pathways and that outcomes vary depending on how technologies are implemented and embedded within firm operations. This study contributes theoretically by integrating a functional technology lens and sustainability lens with business model change typologies—a novel integrative framework absent from the prior literature. It practically provides a framework to help renewable energy firms move toward sustainability-oriented reconfiguration of business models by prioritizing and integrating digital tools effectively, thereby enhancing competitive advantage and accelerating value capture from digitalization. This paper closes with directions for future research on technology-enabled business model change. ...

Transforming Our Education and Focus on Students’ Identity Development

At TU Delft, we are not just educating engineers; we are shaping the future of engineering and engineering education. We are empowering our students to become the kind of leaders who can navigate complexity, embrace change, and build a better world, also under VUCA conditions. In this manifesto, we develop a line of reasoning to rethink our education, moving away from ‘professional problem solvers’ to ‘individuals who care for our collective future from an engineering background.’
We believe that TU Delft has a unique opportunity to lead the way in reimagining engineering education for the VUCA world. By embracing the principles outlined in this manifesto, we can empower our students to become the future-proof engineers that our society needs. We invite all members of the TU Delft community – faculty, students, and staff – to join us on this exciting journey. ...

Exploring a Proposed Framework to Capture Business Model Dynamics

Conference paper (2024) - Hanieh Khodaei, Victor Scholten
Business model innovation and Business Model Canvas, as well-known business model architectures, have gradually become an essential topic in entrepreneurship education. The application of Business Model Canvas is considered an effective and reliable unit of analysis to measure companies business operations and performance. It helps students to first analyze the Business Model Canvas of an existing business and then create their own business idea. Although the Business Model Canvas helps students to get a quick view on the business operations through the creation, delivery and capture of value, in practice, entrepreneurs need to adapt and change their business operations constantly in order to grow and remain viable. Considering the need to capture the business dynamics in business model framework, the aim of this paper is to propose a dynamic business model framework as an alternative tool. Engineering students at Delft University of Technology were asked to critically assess the limitations of the existing business model canvas, and then students gave input and assessed an alternative dynamic business model. The results show that the current Business Model Canvas cannot capture the business model innovation of companies and the proposed framework improves student's understanding of business model innovation and in particular their dynamic nature. ...
Journal article (2021) - L.M. Kamp, T.A.J. Meslin, H. Khodaei, J.R. Ortt
It is important for companies to be able to make their business models dynamic. This enables them to adapt to changing circumstances and remain viable. The aim of this paper is to combine insights from the literature on business models and business model dynamics into a comprehensive dynamic business model framework. The framework that is developed in this paper takes into account various origins of changes in business models (internal or external to the company) and various types of changes in business models (primary or secondary changes and forced changes or strategic choices) and also includes the issue of business model consistency. In order to combine different origins and different types of business model change into one dynamic business model framework, some simplifications of reality were needed. The framework is described in text and shown in a comprehensive picture. The application of the framework to two cases of renewable energy companies in Indonesia shows that the framework is able to capture business model dynamics in a simplified and comprehensive way and that it allows for case study comparison. In a thorough discussion, it is shown how the framework can be adapted to make it better able to represent more complex dynamics. ...
Journal article (2020) - Hanieh Khodaei, Victor E. Scholten, Emiel F.M. Wubben, S. W.F. Omta
Academic spin-off facilitators support high-tech academic spin-offs and help them to navigate various barriers and critical junctures during their growth stages. In this article we draw on stage-gate models, the path-dependency, and resource based view to identify start-ups' resource needs as perceived by both facilitators and by entrepreneurs. Using qualitative data based on in-depth interviews with 18 academic spin-off facilitators and nine spin-off founders, from three technical universities in the Netherlands, we explore the critical junctures and key support activities. The results show that founders appreciate milestones and direct interface regarding business support, business plan development, and legal support during the early growth stages. In all stages, in particular during the later stages, founders appreciate different type of network support (e.g., start-up network and industry) and when facilitators act as intermediaries to guide them in the network. This helps spin-offs to gain credibility and reach out to the market. This article adds to current research on academic facilitators and in particular incubators by providing a more comprehensive explanation for the low usage of the incubator's resources. By matching key resources and support activities that can navigate particular critical junctures, we try to promote the successful transition from one stage to the other. Our findings offer significant implications, both theoretical and practical, for academic entrepreneurship literature. ...
Journal article (2019) - Hanieh Khodaei, Roland Ortt
Business model dynamics is important, because high-tech companies, the technology that they commercialize, and the market in which they operate all change over time. We build on the dynamic capability view of the firm to explain business model evolution and innovation, looking particularly at the dynamics that are created by interactions between business model components over time. We use the following four criteria to assess the degree of dynamics in business model frameworks: completeness of business model aspects, interrelationships between aspects, interrelationships over time, and framework changes over time and across contexts. Business model completeness involves internal company aspects and external environmental aspects. Interrelationships of business model aspects are required to assess business model coherence, which is an important indicator of business model quality. Interrelationships between the environment and business model aspects are required to assess the fit of a particular business model in its context. Interrelationships of these aspects over time are needed to understand business model evolution. Finally, business model frameworks need to be adapted over time and across contexts to keep frameworks simple and useful yet complete. Our analysis shows that current business model frameworks do not meet all four criteria, and thus only partly incorporate dynamics. ...