Fostering entrepreneurial competencies for business model innovation

Seiferlein, Benedict; Gernsheimer, Oliver; Kanbach, Dominik K.

doi:10.1504/ijatm.2022.10045209

Cited by 1 publication

(2 citation statements)

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“…Second, the industry is confronted with increasing cost pressure and shrinking product life cycles, as well as market pressure to develop more autonomous, connected, and sustainable mobility options, thereby further emphasizing the need for BMI and OI (Ili et al, 2010;Leemann et al, 2021;Seiferlein et al, 2022).…”

Section: Methodsmentioning

confidence: 99%

“…However, we mitigated the potential disadvantages of this research setting by examining the most relevant form of OI from a practitioner's perspective (Teplov et al, 2019). Moreover, we focused on an industry for which research calls for OI have been expressed, the need for BMI is preeminent, and which hosts Europe's largest innovation platform (Ili et al, 2010;Seiferlein et al, 2022;Startup Autobahn, 2020). Moreover, our application of a qualitative research method may have limited the generalizability of our findings compared to other methods.…”

Section: Limitations and Future Researchmentioning

confidence: 99%

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Business Model Innovation through Open Innovation: Empirical Evidence from the Automotive Industry

Seiferlein

Kanbach

2023

J Bus Strategies

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Although open innovation (OI) has been characterized as one key driver for business model innovation (BMI), the literature lacks an in-depth understanding of how OI influences the business models (BM) of new ventures. However, such an understanding is crucial for improving the value creation and value capture for technological innovations in inbound OI settings. Based upon a unique dataset of 19 new ventures from 7 countries, which participated in Europe’s largest OI platform, this study finds that OI leads to an expansion in the customer segment, a greater focus in the value proposition, a shorter (but deeper) value chain, and challenges to the revenue model. The paper highlights important theoretical contributions for the BMI and OI literature, and derives tangible managerial guidance for entering OI partnerships.

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Section: Methodsmentioning

confidence: 99%