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

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 technology, internet finance enterprises tend to reform their organizational structure and business model. The open innovation theory emphasizes that building a business model requires the match of core technologies with the market. Therefore, it is necessary to transform traditional businesses and create opportunities and new markets by creatively exploiting the emerging and disruptive technology.

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