By Martin Trapp
Today’s profound environmental dynamics render it more and more tricky for companies to maintain enterprise types with returns above the regular. enterprise version innovation goals to grab a brand new chance by way of crafting the suitable new enterprise version. It deals companies a course again to excessive returns and ecocnomic progress. in spite of the fact that, hazard aversion and organizational rigidities may possibly immobilize confirmed avid gamers. Martin Trapp employs an explorative multiple-case research overlaying huge eu firms to spot administration practices. those practices aid enterprise unit managers in effectively figuring out enterprise version innovation and, jointly, determine a planned, strategic-level administration approach.
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Extra resources for Realizing Business Model Innovation: A Strategic Approach for Business Unit Managers
2009), p. 9. 4 Process-related Dimension: Where does BMI end? 2 relating to the process-related dimension of BMI are listed below. x BMI is essentially a process and should be studied as such. x BMI is about changing an existing business model. x BMI is about creating a new business model. Innovation is perceived as the process of turning ideas into reality and capturing value from them. , R&D, copying, regulations, competitor behavior, market signals, or “Eureka” moments. The trigger idea’s potential must then be translated into something new and launched in an internal or external market.
304. Source: own Table. See Johnson (2010), pp. 150-154; Zollenkop (2011), p. 209. Moreover, Doz / Kosonen (2010), p. 380 mention acquisitions as a means to business model transformation. See Sinfield et al. (2012), p. 85. 198 Another often-cited BMI is Hilti’s internally developed fleet-management program. The Lichtenstein-headquartered company is a manufacturer of high-end power tools for the construction industry. Interaction with customers showed Hilti that construction crews found it difficult to manage the tools by themselves.
New-tothe-firm business models acquired through M&A will not be included in the scope of this dissertation (Table 12). 4 Summary of the Working Definition This chapter’s first purpose is to develop a working definition of the concept of BMI in multi-business firms. This task is obligatory considering that neither a common BMI language nor a single definition scholars can draw on has yet evolved. The overall guiding question for this task was: How to identify a BMI in multi-business firms? e. the content, intensity, subjective, process-related and normative dimension.