Processes of business model evolution through the mechanism of anticipation and realisation of value

Nailer, Christopher; Buttriss, Gary

doi:10.1016/j.indmarman.2019.04.009

Cited by 17 publications

(14 citation statements)

References 88 publications

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“…In this section, we first discuss the findings related to the interconnections between different categories of BMI processes. In line with process theory, which considers phenomena as evolving and interrelated events enacted by entities (Nailer & Buttriss, 2020 ; Rescher, 1996 ), we identified patterns of processes to understand how BMIs emerge, develop, grow, or come to an end.…”

Section: Discussion and Research Agendamentioning

confidence: 99%

“…First, the BMI processes are human-driven and implemented across different levels by people, which implies we have to consider processes not only at the corporate level but also from other entities’ perspectives. Second, process theory considers processes as dynamic activities that are interconnected and interrelated between entities, activities, and other processes (Nailer & Buttriss, 2020 ; Rescher, 1996 ). For these reasons, to understand processes, it is important to consider and identify patterns of interrelations and connections.…”

Section: Insights From the Reviewmentioning

confidence: 99%

“…An unexpected result of our analysis is the role of learning activities within and between each BMI process. For instance, learning processes are related to updating beliefs; if this relationship does not occur, it can impede BMI (Nailer & Buttriss, 2020 ). In strategizing processes, even imitation needs learning processes to change and adapt existing BMs (Sinfield et al, 2012 ; Zhara et al, 2006 ).…”

Section: Identifying Bmi Processesmentioning

confidence: 99%

“…Finally, value creation processes make it possible to gain useful information from the market to fine-tune the value proposition of BMI (Spieth et al, 2019 ; Simmons et al, 2013 ). Moreover, learning processes appear to be an effective connector between two or more BMI processes (Balocco et al, 2019 ; Cavalcante, 2014a , b ; Enkel & Mezger, 2013 ; Nailer & Buttriss, 2020 ; Sinfield et al, 2012 ). For instance, learning processes can link cognition, knowledge-shaping processes, and strategizing processes for BMI (Cavalcante, 2014b ).…”

Section: Identifying Bmi Processesmentioning

confidence: 99%

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Business model innovation: a review of the process-based literature

et al. 2021

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Research on business model innovation (BMI) processes is blossoming and expanding in many directions. Hence, the time is ripe to summarize and systematize this body of knowledge for the benefit of current and future BMI scholars. In this article, we take stock of the current literature to clarify the concept of a BMI process, develop a categorization scheme (a “BMI process framework”), and discuss future research possibilities. Building on a systematic literature review of 114 papers, our categorization delineates different types of BMI processes and corresponding sub-processes. Moreover, we develop a framework that illustrates how BMI processes are interrelated and interconnected. Finally, we identify the main process-related research gaps in BMI research and provide directions for future research that emerge from our categorization and discussion.

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Section: Discussion and Research Agendamentioning

confidence: 99%

Section: Insights From the Reviewmentioning

confidence: 99%

Section: Identifying Bmi Processesmentioning

confidence: 99%

Section: Identifying Bmi Processesmentioning

confidence: 99%

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Business model innovation: a review of the process-based literature

et al. 2021

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“…Therefore, developing an event-related network could increase the potential for value creation, increased eventfulness and sustainability in supporting an event tourism strategy (Getz, 2017). The business model concept has attracted a lot of attention as a potential tool for analysing value creation in networks (Bocken, Short, Rana, & Evans, 2013;Nailer & Buttriss, 2019;Nenonen & Storbacka, 2010;Perić, Vitezić , & Mekinc, 2019). This paper applies the business model concept to the of context of UK towns and small cities of varying size and eventpotential.…”

Section: Introductionmentioning

confidence: 99%

Networked Economic Value Creation in Event Tourism: An Exploratory Study of Towns and Smaller Cities in the UK

Norman¹,

Nyarko²

2021

Event Management

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This study explores the role of networks in generating economic value for event tourism in towns and smaller cities in the UK. While networks have been shown to create a wide range of value, research in this context is limited and little is understood of if or how economic value is generated. The lens used in this study was the value creating side of the business model canvas with local government organisations as the focal node examining the flow of economic value from partners, activities and resources. There were survey responses from 112 different town and city organisations across the UK. The study found that only the ‘activities’ element of the network contributed significantly to creating economic value in an event tourism context. The network components of ‘partners’ and ‘resources’ were not on their own significant to the creation of economic value. The outcomes of this paper suggest that practitioners in towns and cities should strategise their engagement with local networks through a formal event tourism strategy that clearly defines how they operationalise engagement activities within that network in order the facilitate economic value creation. In addition, the paper raises questions around what resources are needed at the focal node (local government organisations) in order to maximise the economic value created by the network.

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Determinant factors and business strategy in a sustainable business model: An explorative analysis for the promotion of solid waste recycling technologies

Cui

Cao

et al. 2022

Bus Strat Env

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Innovation strategies for the promotion of solid waste recycling technologies include not only new technologies for resource utilization of solid waste but also sustainable business models to support the adoption of these technologies. This study presents how to incorporate the determinant factors affecting technology promotion and business strategy into a sustainable business model for the promotion of solid waste recycling technologies. A systematic literature review summarizes the determinant factors affecting the aforementioned promotion, including market-, policy-, company-, and technology-related factors. Combined with the theoretical background of the sustainable business model, this study analyzes that for the promotion of solid waste recycling technologies from value dimensions (value proposition, value creation & delivery, and value capture) and sustainability dimensions (economic, social, and environmental). We confirm the importance of incorporating determinant factors into the sustainable business model from the analysis of the Daye Non-Ferrous Metal Recycling Park. Our case study proposes that innovation of the sustainable business model needs to drive changes in business strategy. To promote the aforementioned technologies, we propose an Internet-based technology service platform as the core strategy of the sustainable business model. As the private sector, technology companies can make full use of technological innovation, public policies, and the market environment to achieve and develop sustained competitive advantages through an Internet-based platform and to effectively enhance the promotion of solid waste recycling technologies and help achieve sustainable development.

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Processes of business model evolution through the mechanism of anticipation and realisation of value

Cited by 17 publications

References 88 publications

Business model innovation: a review of the process-based literature

Business model innovation: a review of the process-based literature

Networked Economic Value Creation in Event Tourism: An Exploratory Study of Towns and Smaller Cities in the UK

Determinant factors and business strategy in a sustainable business model: An explorative analysis for the promotion of solid waste recycling technologies

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