TY - GEN
T1 - Practices for open business model innovation - An innomediaries perspective
AU - Weking, Jörg
AU - Lupberger, Janes
AU - Hermes, Sebastian
AU - Hein, Andreas
AU - Böhm, Markus
AU - Krcmar, Helmut
N1 - Publisher Copyright:
© Proceedings of the 15th International Conference on Business Information Systems 2020 "Developments, Opportunities and Challenges of Digitization", WIRTSCHAFTSINFORMATIK 2020.
PY - 2020
Y1 - 2020
N2 - Innovative business models generate competitive advantage and are becoming more important than innovative products or processes.Despite its importance, firms continuously fail to innovate business models. Reasons are inhibiting structures, cultures and missing resources or capabilities. Integrating external stakeholders can help to overcome these barriers. Turning to innovation intermediaries, so-called "Innomediaries" support firms. Innomediaries specialize on the integration of suppliers, customers, or inventive partners (startups or universities) into innovation projects. With three in-depth case studies, we provide an actionable framework for integrating external stakeholders into business model innovation. It guides firms when, with whom, and how they can integrate external stakeholders to reduce risks and accelerate the creation of innovations. We shed light on the understudied intersection of open innovation and business model innovations and the linking role of innomediaries. Future research can extend the role of IT, protection against opportunistic behavior, and innomediaries as service platforms in innovation ecosystems.
AB - Innovative business models generate competitive advantage and are becoming more important than innovative products or processes.Despite its importance, firms continuously fail to innovate business models. Reasons are inhibiting structures, cultures and missing resources or capabilities. Integrating external stakeholders can help to overcome these barriers. Turning to innovation intermediaries, so-called "Innomediaries" support firms. Innomediaries specialize on the integration of suppliers, customers, or inventive partners (startups or universities) into innovation projects. With three in-depth case studies, we provide an actionable framework for integrating external stakeholders into business model innovation. It guides firms when, with whom, and how they can integrate external stakeholders to reduce risks and accelerate the creation of innovations. We shed light on the understudied intersection of open innovation and business model innovations and the linking role of innomediaries. Future research can extend the role of IT, protection against opportunistic behavior, and innomediaries as service platforms in innovation ecosystems.
KW - Business model
KW - Case study
KW - Innovation intermediary
KW - Open innovation
UR - http://www.scopus.com/inward/record.url?scp=85101711090&partnerID=8YFLogxK
U2 - 10.30844/wi_2020_h6
DO - 10.30844/wi_2020_h6
M3 - Conference contribution
AN - SCOPUS:85101711090
T3 - Proceedings of the 15th International Conference on Business Information Systems 2020 "Developments, Opportunities and Challenges of Digitization", WIRTSCHAFTSINFORMATIK 2020
BT - Proceedings of the 15th International Conference on Business Information Systems 2020 "Developments, Opportunities and Challenges of Digitization", WIRTSCHAFTSINFORMATIK 2020
PB - GITO Verlag
T2 - 15th International Conference on Business Information Systems 2020: Developments, Opportunities and Challenges of Digitization, WIRTSCHAFTSINFORMATIK 2020
Y2 - 8 March 2020 through 11 March 2020
ER -