Accelerating business model innovation

Tiina Apilo, Tapio Koivisto

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    The main aim of this paper is to increase understanding of how corporates can accelerate their innovation process. We focus on innovation as a problem solving and co-creation process carried out in cooperation with customers. Our empirical research is based on eleven cases of companies that have developed their innovation acceleration processes. We constructed an innovation acceleration model, the aim of which is to help mature companies transform their innovation approach from a product centric, detail-oriented process to a more user centric process focusing on business opportunities. The case companies found the model very suitable not only for accelerating new business innovation but also for accelerating existing business activities. Therefore, the relevance of the research lies in its importance for practical purposes. From the theoretical contribution point of view, the model draws on earlier studies focusing on innovation management, entrepreneurial research and business models. Thus, the model contributes to the discussion of corporate and start-up innovation, providing an integrating perspective.
    Original languageEnglish
    Title of host publicationProceedings of the 18th International CINet Conference
    Pages60-71
    Publication statusPublished - 2017
    MoE publication typeA4 Article in a conference publication
    Event18th International CINet Conference: Digitalization and innovation: designing the organization of the future - Potsdam, Germany
    Duration: 10 Sep 201712 Sep 2017

    Conference

    Conference18th International CINet Conference
    CountryGermany
    CityPotsdam
    Period10/09/1712/09/17

    Fingerprint

    Business model innovation
    Innovation
    Co-creation
    Problem solving
    Innovation management
    Business model
    Empirical research
    New business
    Start-up
    Business innovation
    Business activity
    Innovation process

    Keywords

    • innovation
    • business model
    • experimentation
    • problem solving

    Cite this

    Apilo, T., & Koivisto, T. (2017). Accelerating business model innovation. In Proceedings of the 18th International CINet Conference (pp. 60-71)
    Apilo, Tiina ; Koivisto, Tapio. / Accelerating business model innovation. Proceedings of the 18th International CINet Conference. 2017. pp. 60-71
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    Apilo, T & Koivisto, T 2017, Accelerating business model innovation. in Proceedings of the 18th International CINet Conference. pp. 60-71, 18th International CINet Conference, Potsdam, Germany, 10/09/17.

    Accelerating business model innovation. / Apilo, Tiina; Koivisto, Tapio.

    Proceedings of the 18th International CINet Conference. 2017. p. 60-71.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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    AB - The main aim of this paper is to increase understanding of how corporates can accelerate their innovation process. We focus on innovation as a problem solving and co-creation process carried out in cooperation with customers. Our empirical research is based on eleven cases of companies that have developed their innovation acceleration processes. We constructed an innovation acceleration model, the aim of which is to help mature companies transform their innovation approach from a product centric, detail-oriented process to a more user centric process focusing on business opportunities. The case companies found the model very suitable not only for accelerating new business innovation but also for accelerating existing business activities. Therefore, the relevance of the research lies in its importance for practical purposes. From the theoretical contribution point of view, the model draws on earlier studies focusing on innovation management, entrepreneurial research and business models. Thus, the model contributes to the discussion of corporate and start-up innovation, providing an integrating perspective.

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    Apilo T, Koivisto T. Accelerating business model innovation. In Proceedings of the 18th International CINet Conference. 2017. p. 60-71