What are the most widely used theoretical frameworks and theories in business model innovation?
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The most widely used theoretical frameworks and theories in business model innovation encompass various aspects. These include the evolution of forms of interaction in innovative development, such as behavioral economics, partnership theories, integration theories, cluster development theories, and innovative cooperation theories . Additionally, the PRISM framework aids in organizational sense-making by refining business model visualizations, bridging the gap between theory and practice in organizational contexts . Furthermore, in the context of social enterprises, a theoretical framework for studying drivers of business model innovation suggests investigating innovation drivers at environmental, organizational, and individual levels, utilizing tools like PESTEL analysis and dynamic capabilities . Overall, these frameworks and theories play crucial roles in guiding businesses towards successful business model innovation.
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| Papers (5) | Insight |
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| The paper discusses various theoretical concepts of innovation in business, highlighting the importance of innovation for sustainable development and market competitiveness. Specific frameworks or theories are not explicitly mentioned. | |
20 Jun 2023 | The PRISM framework introduced in the paper is a valuable theoretical framework for business model innovation, aiding organizations in sense-making and reducing complexity in real-world contexts. |
Open access•Journal Article | Theoretical frameworks like PESTEL analysis, dynamic capabilities, and individual abilities and attitudes are widely used in studying business model innovation in social enterprises. |
| The most widely used theoretical frameworks in business model innovation include behavioral economics, partnership theories, integration theories, cluster development theories, and innovative cooperation theories. | |
| The paper discusses theoretical connections between business models and strategy, focusing on understanding business model innovation sources and outcomes, rather than specific theoretical frameworks or theories. |
Related Questions
What are the current frameworks for business model transformation?4 answersThe landscape of business model transformation is rich and varied, reflecting the multifaceted challenges and opportunities presented by the digital age. Current frameworks for business model transformation can be broadly categorized into several key areas, each addressing different aspects of the transformation process.
Firstly, the framework developed by Chante van Tonder et al. focuses on digital transformation through customer-centricity, resources, processes, and profit, emphasizing the need for digital capabilities and strategy. This is complemented by the Applied Mathematical Model (AMM) and its holistic counterpart, the Applied Holistic Mathematical Model (AHMM), which integrate intelligent neural networks and heuristics to support business transformation, mimicking human decision-making processes and promoting a holistic unbundling process.
In the realm of sustainability, a transformative business model framework is proposed, assessing the radicalism of new business models in relation to their capacity to influence wider institutional settings and sustainability transitions, particularly within the Dutch agri-food sector. Post-pandemic, a sustainable business model transformation framework for the transportation sector has been identified, highlighting the importance of threat identification, company character, and resource reconfiguration.
For medium-sized enterprises, particularly creative agencies, a digital business transformation framework has been developed using Design Science Research Methodology (DSRM), focusing on people, technology, and process aspects to guide structured and measurable transformation. The strategic management perspective offers a systematization of business model transformation strategies, identifying four types of business models: product-oriented, platform-oriented, project-oriented, or solution-oriented, based on various structural elements.
Lastly, a comprehensive view on digital business model transformation is provided, emphasizing the importance of a preparatory phase and the role of a Chief Digital Officer in effectively transforming a company's business model across dimensions of value proposition, creation, and capture. This is supported by a systematic literature review that highlights the rising trend of digital transformation studies, underscoring the need for further research to fill existing gaps.
Together, these frameworks offer a diverse toolkit for organizations navigating the complex process of business model transformation, catering to different sectors, challenges, and strategic goals.
How to do theoretical framework?5 answersTo construct a theoretical framework, it is essential to identify the problem and variables, and gather information from reliable databases. It is important to avoid thematic dispersion unrelated to the variables. The construction process can be divided into 8 methodical steps, which involve functions, levels of abstraction, and the identification of errors that may occur during development. In the field of theoretical morphology, different classifications of morphological theories exist, such as Item-and-Arrangement, Item-and-Process, and Word-and-Paradigm models. Implicative relations can be formulated in various ways, including generalizations on exponents, stems, or inflected wordforms. Theorizing with greater explanatory scope is needed to overcome the obstacle of conducting research within silos of effect paradigms. Integrative theoretical frameworks, such as the Ambiguity-Adoptability-Accessibility (3A) framework, can enhance the explanation of different effect paradigms and improve the applicability of behavioral research. The theoretical framework of the private peace entrepreneur phenomenon includes a typology of PPEs, their impact on the official diplomatic sphere, and an analytical framework that distinguishes among variables. The conceptual framework for healthcare reforms considers the legal and political context, the sociology of professions, and the interactive dynamics between government and the medical profession.
What is financing innovation theoretical framework?5 answersThe theoretical framework for financing innovation encompasses various aspects such as political, economic, legal, and administrative factors. It involves innovative financing schemes in public management, which include raising funds through taxation, user charges, borrowing, or other fundraising methods. These financing tools are being used in both highly-industrialized economies and developing countries, with examples including green bonds, public-private partnerships (PPPs), and resource-financed infrastructure. Additionally, the role of drug prices in financing pharmaceutical innovation is explored, with deviations from established value-based pricing principles potentially impacting a firm's ability to raise capital and hinder innovation in the long term. The proposal of an alternative framework highlights the strategic nature of innovation funding decisions, considering the interactions between actors, project features, and the matching environment and conditions. The evolutionary theory is also discussed, emphasizing the relationship between finance and innovation and how firms' behavior towards seeking financing for innovation varies based on technological regimes and stages of development.
What are the theories of innovation?5 answersThe theories of innovation discussed in the abstracts include:
1. Dissemination of lessons learned from innovative activities in learning organizations where innovation is a strategic agenda.
2. Innovation as the main engine for business and entrepreneurial progress and differentiation, with frameworks such as disruptive innovation, business model, open and closed innovation, digital innovation, agile innovation, and Doblin innovation framework.
3. Theory of Innovation, Innovation Models, Schumpeterian Innovation, Endogenous Innovation, Innovation Diversity, Innovation Challenges, and Managing Innovation.
4. Seven main modern innovation theories: opportunity vacuum theory, technological innovation systems theory, political economy model of transport innovations, Multi-Level Perspective, Rogers' theory on diffusion of innovations, hype cycle theory, and theories on the role of industries in innovations.
5. Innovation in a broad sense involving developing new processes, products, or organizational improvements, reducing unit costs, and expanding market demand.
What are the theoretical models or frameworks that underpin the study?5 answersThe theoretical models or frameworks that underpin the studies mentioned in the abstracts include: longitudinal observation and intervention studies for understanding the causes of learning disorders, theoretical frameworks as local theories custom-designed for specific studies, a framework incorporating Critical Realism, the Capabilities approach, and ideas from Amartya Sen and Martha Nussbaum for disability research, a combination of Critical Discourse Analysis (CDA) and Critical Metaphor Analysis (CMT) for analyzing Khomeini's discourse, and a methodology combining postmodern constructivism, interpretive theories, and empirical approaches for studying the French-Australian bilateral partnership.
Application of theoretical frameworks in research?2 answersThe application of theoretical frameworks in research is important for several reasons. Firstly, a theoretical framework provides a blueprint for the research project, informing the problem, purpose, and significance of the study. It helps to establish the relationship between the research and existing theory and research, demonstrating how the study contributes to knowledge. Secondly, a theoretical framework brings cohesion to the research project by linking the research questions and providing a structure for data analysis and presentation of findings. It helps to refine the research questions and guides the choice of research methodology, data collection, and analysis techniques. Lastly, a well-constructed conceptual framework can inform the choice of appropriate research methodology, influencing the entire research process and even the research findings. Overall, theoretical frameworks play a crucial role in guiding and shaping the research process, ensuring that the study is meaningful and contributes to the field.