Business Model Innovation: Creating Value in Times of Change

Amit, Raphael ('Raffi; Zott, Christoph

doi:10.2139/ssrn.1701660

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Business Model Innovation: Creating Value in Times of Change

IESE Business School Working Paper No. 870

17 Pages Posted: 2 Nov 2010

See all articles by Raphael ('Raffi") H. Amit

Christoph Zott

University of Navarra, IESE Business School

Date Written: July 2, 2010

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.

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

JEL Classification: L22, L26, M10

Suggested Citation: 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: https://ssrn.com/abstract=1701660 or http://dx.doi.org/10.2139/ssrn.1701660