Open for Business? An Integrative Framework and Empirical Assessment for Business Model Innovation in the Gastronomic Sector
British Food Journal, Forthcoming
24 Pages Posted: 25 Aug 2017 Last revised: 30 Aug 2017
Date Written: August 22, 2017
Purpose: The objective of the study is to identify and explore different business models that are active in the gastronomic industry and assess where there may be opportunities and limitations for innovation.
Design/methodology/approach: We develop a conceptualization of the business model concept and some of its main components — considering an internal and external orientation — and how they can be applied to the gastronomic sector. On this basis, we propose, develop and test an empirical framework for the economic sustainability of gastronomic enterprises. Based on data from a publicly available database of the Danish hospitality sector, we conduct hierarchical cluster analysis to identify different business models for the Danish gastronomic sector.
Findings: Given the diversity of the gastronomic sector, there can be a multitude of alternative business models and characteristics, which may enable the sector to create value through for example product differentiation, market segmentation, and so on. The analysis revealed 9 different clusters, which represent different business models in terms of customer value creation, segmentation and resource utilization — highlighting either more closed or open business models. These business models offer a basis for considering the opportunities and barriers for business model innovation — for both startups and incumbent firms — within gastronomy and agri-food more generally.
Originality/value: The gastronomic sector is diverse and heterogeneous with a multitude of possible alternative business models. Our paper provides a basis for considering the key enablers of business model development in this sector. Our integrative framework and empirical assessment provides a basis for further exploring business model innovation in the gastronomic sector in particular and the agri-food sector more generally.
Keywords: Business Model, Gastronomy, Open Innovation
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