State of Research
The objective of this chapter is to review the status quo of innovation management and business model research. The discussion of the theoretical foundation of this study aims at generating an understanding of the relevance of the business model concept in engaging in new business activities. The literature review starts with a look at general innovation definitions, types of innovation and innovation processes. The subsequent section reviews the business model as a concept, followed by a look at business model innovation as a process. In the last section, the identified research gaps are summarized.
KeywordsBusiness Model Innovation Process Business Model Innovation Industry Life Cycle Business Model Change
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