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Changing Competitive Landscape Through Business Model Innovation: the New Imperative for Corporate Market Strategy

Author

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  • Alexey Bereznoy

    (Institute for Statistical Studies and Economics of Knowledge)

Abstract

The article is dedicated to business model innovation (BMI) from the perspective of its role in today’s competition of large corporate entities. The work aims to make three contributions. First, by relying on strategy-focused and innovation management-focused BMI studies, and linking the two approaches, the author develops the “dynamic concept” of business models’ strategy dimension by bringing the two perspectives together. Second, the work examines how BMI can become a source of sustainable competitive advantage though all the main components of successful business models seem very visible and easy to copy. Third, by unpacking key elements of a business model, the paper discloses what BMI does really mean in terms of concrete changes and how these changes affect a competitive position of the firm.

Suggested Citation

  • Alexey Bereznoy, 2019. "Changing Competitive Landscape Through Business Model Innovation: the New Imperative for Corporate Market Strategy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1362-1383, December.
    • Handle: RePEc:spr:jknowl:v:10:y:2019:i:4:d:10.1007_s13132-015-0324-x
    DOI: 10.1007/s13132-015-0324-x
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    References listed on IDEAS

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    1. Shafer, Scott M. & Smith, H. Jeff & Linder, Jane C., 2005. "The power of business models," Business Horizons, Elsevier, vol. 48(3), pages 199-207.
    2. Heger, Tobias & Rohrbeck, René, 2012. "Strategic foresight for collaborative exploration of new business fields," Technological Forecasting and Social Change, Elsevier, vol. 79(5), pages 819-831.
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    Cited by:

    1. Piotr F. Borowski, 2021. "Innovation strategy on the example of companies using bamboo," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-17, December.
    2. Beata Cialowicz, 2024. "Formal Modeling of Innovative Competition in a Production System — an Evolutionary Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 7455-7474, June.
    3. Xiaohong Xian & Xiang Zhang & Zongyi Zhang & Stavros Sindakis & Sakshi Aggarwal, 2024. "Cash Holdings Trends Influenced by Market Competitiveness: Evidence from the Chinese Stock Market," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8767-8796, June.
    4. Ali Naimi-Sadigh & Tayebeh Asgari & Mohammad Rabiei, 2022. "Digital Transformation in the Value Chain Disruption of Banking Services," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1212-1242, June.

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