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Business Model Innovation: Creating Value in Times of Change


Raphael H. Amit


University of Pennsylvania - Management Department

Christoph Zott


University of Navarra, IESE Business School
July 2, 2010

IESE Business School Working Paper No. 870

Abstract:     
We highlight business model innovation as a way for general managers and entrepreneurs to create and appropriate value, especially in times of economic change. Business model innovation, which involves designing a modified or new activity system, relies on recombining the existing resources of a firm and its partners, and it does not require significant investments in R&D. We offer managers and researchers a conceptual primer on business model innovation, emphasizing the importance of system-level thinking.

Number of Pages in PDF File: 17

Keywords: Business Model, Innovation, Activity System, Design, Value Creation

JEL Classification: L22, L26, M10

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Date posted: November 2, 2010  

Suggested Citation

Amit, Raphael H. and Zott, Christoph, Business Model Innovation: Creating Value in Times of Change (July 2, 2010). IESE Business School Working Paper No. 870. Available at SSRN: http://ssrn.com/abstract=1701660 or http://dx.doi.org/10.2139/ssrn.1701660

Contact Information

Raphael H. Amit
University of Pennsylvania - Management Department ( email )
The Wharton School
Philadelphia, PA 19104-6370
United States

Christoph Zott (Contact Author)
University of Navarra, IESE Business School ( email )
Avenida Pearson 21
Barcelona, 08034
Spain
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