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Open innovation in SMEs: A Process View Towards Business Model Innovation

Open innovation in SMEs: A Process View Towards Business Model Innovation

By • on August 30, 2021

The Journal of Small Business Management posted a study which noted that to be competitive, small and medium-sized enterprises (SMEs) need to transform their business models. To overcome the liability of smallness, SMEs often need to collaborate with external partners—implement open innovation. The complex processes behind business model transformation

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The Effects of Business Model Innovation of Internet Finance Enterprises on Competitive Advantages

The Effects of Business Model Innovation of Internet Finance Enterprises on Competitive Advantages

By • on May 12, 2021

The E3S Web of Conferences website posted a study which noted that business model innovation refers to a means to implement innovation strategy serving as a kind of innovation activity following technological and managerial innovation. In the internet era, driven by the unprecedented development of digital

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Business Model Innovation and Firm Performance

Business Model Innovation and Firm Performance

By • on April 27, 2021

The Science Direct website posted a study drawing on the data from a cross-industry sample of 563 European SMEs, structural equation modelling is applied to examine how a firm’s performance is affected by innovating its business model. The findings confirm the validity of the model and contribute

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Risk-managing the Business Model

Risk-managing the Business Model

By • on December 16, 2020

The Emerald Insight website posted a paper which aims to address risks inherent in business model innovation. The authors make the case that entrepreneurs and managers, in relying on sources of innovation when designing business models, need to pay heed to these hidden risks – or tripwires – that

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A Strategic Design Guideline for Open Business Models

A Strategic Design Guideline for Open Business Models

By • on September 8, 2020

The International Journal of Automation Technology posted a study which noted that to realize a competitive product-service system, a manufacturer is required to change its closed business model and develop open and sustainable alliances with external partners. As an alternative business model, an open

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The Effect of Open Innovation Strategies on Business Models in the Automotive Sector

The Effect of Open Innovation Strategies on Business Models in the Automotive Sector

By • on July 6, 2020

The Inder Science Online website posted an article which explores how the adoption of an open innovation strategy changes the business model, specifically, in the case of small and medium enterprises (SMEs). Previous studies have mainly addressed this topic theoretically, and the original contribution

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Business Model Innovation in Strategic Alliances

Business Model Innovation in Strategic Alliances

By • on April 21, 2020

The Wiley Online Library posted a study of business model innovation which noted that Henry Chesbrough was the first who distinguished between open and closed business models. The term ‘open business’ was originally used in the context of collaborative innovation research but was used more broadly

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The State of Open Innovation

The State of Open Innovation

By • on March 20, 2020

The Wall Street Journal website posted a review Henry Chesbrough’s new book, “Open Innovation Results: Going Beyond the Hype and Getting Down to Business.” On the current state of open innovation, Mr. Chesbrough sees a mixed picture. Open innovation has increased exponentially, but

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How to make IoT in business work for you

How to make IoT in business work for you

By • on November 4, 2019

The Ericsson website noted that finding a business model that secures your enterprise’s future and enables a competitive advantage requires thinking out of the box. Within the Internet of Things (IoT), the mass deployment of sensors and high-resolution data enables new business models for industries

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Are New Drug Development Platforms Leading Pharma Innovation?

Are New Drug Development Platforms Leading Pharma Innovation?

By • on August 1, 2019

The European Pharmaceutical Manufacturer site noted that increasingly, the business model for drug discovery and development is predicated on recouping costs barely manageable for first-world, affluent nations. In an effort to combat this trend, various stakeholders in the drug discovery ecosystem have

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