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Innovation in Digital Business Models

In: Managing Digital Open Innovation

Author

Listed:
  • Dagfinn Wåge
  • Gunnar E. Crawford
  • Anne-Laure Mention
  • Marko Torkkeli

Abstract

We are bombarded with buzzwords such as disruption, digitalization and the sharing economy, and the trending technologies that fuel them — the Internet of Things, big data, and artificial intelligence. Simultaneously, we see whole industries being shaken to the core and rearranged into new patterns by new players. In this chapter, we posit that a new business model, the disruptive ecosystem, is at the core of this movement.The disruptive ecosystem is a paradigm that is capable of absorbing the power of digital technologies and combining them with the business model and innovation theory. We believe this new business model is the common denominator between companies like Apple, Facebook, Samsung, Uber, Google, Tesla, and Amazon. We will present how a disruptive ecosystem looks like, and how and where disruptive, open and combinatorial innovation happens in these two-sided business models and ecosystems. This chapter also includes practical examples from industry.

Suggested Citation

  • Dagfinn Wåge & Gunnar E. Crawford & Anne-Laure Mention & Marko Torkkeli, 2020. "Innovation in Digital Business Models," World Scientific Book Chapters, in: Pierre-Jean Barlatier & Anne-Laure Mention (ed.), Managing Digital Open Innovation, chapter 2, pages 35-45, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811219238_0002
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    Cited by:

    1. Saura, Jose Ramon & Palacios-Marqués, Daniel & Ribeiro-Soriano, Domingo, 2023. "Exploring the boundaries of open innovation: Evidence from social media mining," Technovation, Elsevier, vol. 119(C).

    More about this item

    Keywords

    Open Innovation; Digital Disruption; Industry 4.0; Data-Driven Decision; Value Networks; Organizational Agility; Digital Design; Collaboration; Innovation Policy; Social Media; Open Strategy;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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