Existing theoretical and empirical researchers associated innovation with technological transformations and introduced radical/disruptive products and processes. However, considering the approaches and theories would be limited to manufacturing industries, innovation in service industries with non-technological aspects needs to be noticed. This study emphasises the need for a synthesis approach that could play a major role in building/enhancing service business models/frameworks. These frameworks need a stronger focus on using organizational, strategic, and marketing innovation typologies in formulating service business models resulting in low customer engagement and customer experience management. This chapter discusses various new business models that have evolved their features and benefits. Finally, this study concludes by emphasising the need for incorporating non-technical components when innovating in services and services-based firms.