Download this Paper Open PDF in Browser

Business Model Innovation: Creating Value in Times of Change

17 Pages Posted: 2 Nov 2010  

Raphael ('Raffi") H. Amit

The Wharton School UPENN

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

Amit, Raphael ('Raffi") 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

Raphael H. Amit

The Wharton School UPENN ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104-6370
United States
215 898 7731 (Phone)

Christoph Zott (Contact Author)

University of Navarra, IESE Business School ( email )

Avenida Pearson 21
Barcelona, 08034
Spain

Paper statistics

Downloads
3,037
Rank
2,749
Abstract Views
8,234