Toward ecosystemic business models in the context of industrial internet

Marika Miriam Iivari, Petri Ahokangas, Marjaana Komi, Maarit Tihinen, Kristiina Valtanen

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Purpose: This study explores business models within a particular domain of Industrial Internet. Design/Methodology/Approach: Building from theory, this study is conceptual in nature. Findings: This paper presents a business model framework for understanding the dynamics of value co-creation and co-capture from lifecycle and ecosystem configuration point of view. Research limitations/implications: This study stresses the need to understand how the integrated, co-dependent processes of value co-creation and co-capture influence on business models of individual firms in co-evolving business ecosystems. Practical implications: To fully benefit from the mutually connected opportunities enabled by IoT, it is important for firms to position themselves within the ecosystem in terms of the stage of product or service life cycle as well as the scale and scope of ecosystem configuration. Originality/value: The originality of this research thus relates to expanding the business model literature from ecosystemic perspective.
Original languageEnglish
Pages (from-to)42-59
JournalJournal of Business Models
Volume4
Issue number2
DOIs
Publication statusPublished - 2016
MoE publication typeA1 Journal article-refereed

Fingerprint

Business model
World Wide Web
Ecosystem
Co-creation of value
Life cycle
Design methodology
Integrated
Business ecosystem

Keywords

  • ecosystem
  • industrial internet
  • internet of things
  • value co-creation
  • value co-capture

Cite this

Iivari, Marika Miriam ; Ahokangas, Petri ; Komi, Marjaana ; Tihinen, Maarit ; Valtanen, Kristiina. / Toward ecosystemic business models in the context of industrial internet. In: Journal of Business Models. 2016 ; Vol. 4, No. 2. pp. 42-59.
@article{f880f908ec7b4bf9a951c9cef8fdb9b0,
title = "Toward ecosystemic business models in the context of industrial internet",
abstract = "Purpose: This study explores business models within a particular domain of Industrial Internet. Design/Methodology/Approach: Building from theory, this study is conceptual in nature. Findings: This paper presents a business model framework for understanding the dynamics of value co-creation and co-capture from lifecycle and ecosystem configuration point of view. Research limitations/implications: This study stresses the need to understand how the integrated, co-dependent processes of value co-creation and co-capture influence on business models of individual firms in co-evolving business ecosystems. Practical implications: To fully benefit from the mutually connected opportunities enabled by IoT, it is important for firms to position themselves within the ecosystem in terms of the stage of product or service life cycle as well as the scale and scope of ecosystem configuration. Originality/value: The originality of this research thus relates to expanding the business model literature from ecosystemic perspective.",
keywords = "ecosystem, industrial internet, internet of things, value co-creation, value co-capture",
author = "Iivari, {Marika Miriam} and Petri Ahokangas and Marjaana Komi and Maarit Tihinen and Kristiina Valtanen",
year = "2016",
doi = "10.5278/ojs.jbm.v4i2.1624",
language = "English",
volume = "4",
pages = "42--59",
journal = "Journal of Business Models",
issn = "2246-2465",
publisher = "Aalborg University",
number = "2",

}

Toward ecosystemic business models in the context of industrial internet. / Iivari, Marika Miriam; Ahokangas, Petri; Komi, Marjaana; Tihinen, Maarit; Valtanen, Kristiina.

In: Journal of Business Models, Vol. 4, No. 2, 2016, p. 42-59.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

T1 - Toward ecosystemic business models in the context of industrial internet

AU - Iivari, Marika Miriam

AU - Ahokangas, Petri

AU - Komi, Marjaana

AU - Tihinen, Maarit

AU - Valtanen, Kristiina

PY - 2016

Y1 - 2016

N2 - Purpose: This study explores business models within a particular domain of Industrial Internet. Design/Methodology/Approach: Building from theory, this study is conceptual in nature. Findings: This paper presents a business model framework for understanding the dynamics of value co-creation and co-capture from lifecycle and ecosystem configuration point of view. Research limitations/implications: This study stresses the need to understand how the integrated, co-dependent processes of value co-creation and co-capture influence on business models of individual firms in co-evolving business ecosystems. Practical implications: To fully benefit from the mutually connected opportunities enabled by IoT, it is important for firms to position themselves within the ecosystem in terms of the stage of product or service life cycle as well as the scale and scope of ecosystem configuration. Originality/value: The originality of this research thus relates to expanding the business model literature from ecosystemic perspective.

AB - Purpose: This study explores business models within a particular domain of Industrial Internet. Design/Methodology/Approach: Building from theory, this study is conceptual in nature. Findings: This paper presents a business model framework for understanding the dynamics of value co-creation and co-capture from lifecycle and ecosystem configuration point of view. Research limitations/implications: This study stresses the need to understand how the integrated, co-dependent processes of value co-creation and co-capture influence on business models of individual firms in co-evolving business ecosystems. Practical implications: To fully benefit from the mutually connected opportunities enabled by IoT, it is important for firms to position themselves within the ecosystem in terms of the stage of product or service life cycle as well as the scale and scope of ecosystem configuration. Originality/value: The originality of this research thus relates to expanding the business model literature from ecosystemic perspective.

KW - ecosystem

KW - industrial internet

KW - internet of things

KW - value co-creation

KW - value co-capture

U2 - 10.5278/ojs.jbm.v4i2.1624

DO - 10.5278/ojs.jbm.v4i2.1624

M3 - Article

VL - 4

SP - 42

EP - 59

JO - Journal of Business Models

JF - Journal of Business Models

SN - 2246-2465

IS - 2

ER -