Practices for Open Business Model Innovation -An Innomediaries Perspective
Type
conference paper
Date Issued
2020
Author(s)
Abstract
Innovative business models generate competitive advantage and are becoming more important than innovative products or processes. Despite its importance, firms continuously fail to innovate business models. Reasons are inhibiting structures, cultures and missing resources or capabilities. Integrating external stakeholders can help to overcome these barriers. Turning to innovation intermediaries, so-called "Innomediaries" support firms. Innomediaries specialize on the integration of suppliers, customers, or inventive partners (startups or universities) into innovation projects. With three in-depth case studies, we provide an actionable framework for integrating external stakeholders into business model innovation. It guides firms when, with whom, and how they can integrate external stakeholders to reduce risks and accelerate the creation of innovations. We shed light on the understudied intersection of open innovation and business model innovations and the linking role of innomediaries. Future research can extend the role of IT, protection against opportunistic behavior, and innomediaries as service platforms in innovation ecosystems.
Language
English (United States)
Keywords
Business Model
Open Innovation
Innovation Intermediary
Case Study
HSG Classification
contribution to scientific community
Refereed
Yes
Event Title
Wirtschaftsinformatik Konferenz
Event Location
Potsdam, Germany
Subject(s)
Division(s)
File(s)![Thumbnail Image]()
Name
Weking et al._2020.pdf
Size
498.74 KB
Format
Adobe PDF
Checksum (MD5)
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