A Framework Drivers of Business Model Innovation

Abstract

Business model innovation is defined as new, non-partial and designed changes in key elements or the architecture of the relationships between these elements in a company's business model. BMI is a large new form of organizational innovation that requires theorizing, implementation and testing. In recent years a lot of research has been done on the subject of business model innovation and has faced an exponential growth in the interest of researchers and executives. This highlights the need for more conceptual and empirical research on BMI and some refinements in this area in order to gain a better understanding of this phenomenon. In this article, while reviewing previous research related to this field in the period 1980 to 2020 in Scopus database, using the Meta-Synthesis qualitative method, the business model innovation drivers are identified and categorized. Finally, 9 drivers (Competitive pressure, technology pressure, external environmental changes, external stakeholders, market development opportunities, management thinking model, internal challenges, internal capabilities and internal strategy stimulation) were identified by explaining their impact on business model innovation and a conceptual model is presented.

Keywords

• business model innovation
• meta-synthesis
• innovation drivers
• business model