Developing a conceptual framework for business model innovation in the context of open innovation

L. Wang, Päivi Jaring, Arto Wallin

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

    6 Citations (Scopus)

    Abstract

    This paper aims to understand business model in the context of open innovation, and to develop a conceptual framework for business model innovation in the process towards an open business model. The literature study presented in this paper shows that a business model in the context of open innovation is not a strategy of a company, but a cognitive tool and a mediating construct between technology innovation and economic value. By identifying the origins and possibilities of business model innovation based on related literature, this paper presents a conceptual framework for business model innovation in the context of open innovation. The framework helps companies to become aware of the elements required when heading toward an open business model. This paper serves as a starting point to learn the process of business model innovation. (25 refs.)
    Original languageEnglish
    Title of host publication2009 3rd IEEE International Conference on Digital Ecosystems and Technologies, DEST 2009
    Place of PublicationPiscataway
    PublisherIEEE Institute of Electrical and Electronic Engineers
    Pages453-458
    ISBN (Print)978-1-4244-2345-3
    DOIs
    Publication statusPublished - 2009
    MoE publication typeA4 Article in a conference publication
    Event2009 IEEE International Conference on Digital Ecosystems and Technologies, DEST 2009 - Istanbul, Turkey
    Duration: 1 Jun 20093 Jun 2009

    Conference

    Conference2009 IEEE International Conference on Digital Ecosystems and Technologies, DEST 2009
    Abbreviated titleDEST 2009
    CountryTurkey
    CityIstanbul
    Period1/06/093/06/09

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