Business Model Design Compass

Open Innovation Funnel to Schumpeterian New Combination Business Model Developing Circle

  • JinHyo Joseph Yun

Part of the Management for Professionals book series (MANAGPROF)

Table of contents

  1. Front Matter
    Pages i-xvi
  2. Introduction

    1. Front Matter
      Pages 1-1
    2. JinHyo Joseph Yun
      Pages 3-14
  3. Open Innovation in an Economic System and the National Innovation System

    1. Front Matter
      Pages 15-15
    2. JinHyo Joseph Yun
      Pages 17-40
    3. JinHyo Joseph Yun
      Pages 41-48
  4. Open Innovation Strategy of Firm

    1. Front Matter
      Pages 61-61
    2. JinHyo Joseph Yun
      Pages 87-98
    3. JinHyo Joseph Yun
      Pages 99-117
  5. Relation Between Open Innovation and Business Model

  6. Developing a Business Model

  7. Back Matter
    Pages 231-232

About this book


This book reveals how open innovation utilizes the developing circle of business models to establish new ones that define a unique link between technology and markets, focusing on how to develop and maintain successful business models. It draws readers into the philosophy and economic effects of open innovation from the outset. It presents four different developing circle business models for customers in the role of consumers, entrepreneurs, social entrepreneurs and engineers respectively, enabling each group to develop, utilize and enlarge creative business models, and even switch business models. In addition to these four circles, it takes a systemic approach to describe the relationship between open innovation, and business model. From this relationship an open innovation strategy towards entrepreneurship can be adopted. From Open Innovation to a Creative Developing-Circle Business Model is an essential resource for start-up entrepreneurs, as well as for students of technology management, strategy and open innovation.


Business Model of the Developing Circle Developing Circle of Customer-based Entrepreneurship Developing Circle of Engineering-based Entrepreneurship Developing Circle of Social Entrepreneurship Developing Circle of User-based Entrepreneurship Open Innovation The Relation between Technology and Market bridge between technology and Market

Authors and affiliations

  • JinHyo Joseph Yun
    • 1
  1. 1.Tenured Researcher of DGIST and Professor of Open Innovation Academy of SOItmCDaeguKorea (Republic of)

Bibliographic information

Industry Sectors
Finance, Business & Banking