PIONEERING RESOURCE BUNDLING FOR BUSINESS MODEL INNOVATION

Karolin Frankenberger; Christoph Zott; Wouter Stam

doi:10.5465/AMBPP.2022.318

PIONEERING RESOURCE BUNDLING FOR BUSINESS MODEL INNOVATION

Karolin Frankenberger, Christoph Zott, Wouter Stam

Research output: Contribution to Conference › Paper › Academic

Abstract

Despite the growing literature on business model innovation (BMI), knowledge about how mature firms can design and implement radically new business models notwithstanding their ongoing commitments towards a pre-existing business model remains incomplete. We address this issue by examining the unique resource management challenges in business model innovation initiatives. Using a hand-collected dataset of 141 BMI initiatives we argue and find, that BMI initiatives should be endowed with differentiated resources, socially embedded into the parent organization, and enabled through formal as well as informal control mechanisms. We articulate important contributions to theories of resource management and business model innovation.

Original language	English
DOIs	https://doi.org/10.5465/AMBPP.2022.318
Publication status	Published - 2022
Event	82nd Annual Meeting of the Academy of Management 2022: A Hybrid Experience, AOM 2022 - Seattle, United States Duration: 5 Aug 2022 → 9 Aug 2022

Conference

Conference	82nd Annual Meeting of the Academy of Management 2022: A Hybrid Experience, AOM 2022
Country/Territory	United States
City	Seattle
Period	5/08/22 → 9/08/22

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© 2022 82nd Annual Meeting of the Academy of Management 2022: A Hybrid Experience, AOM 2022.All rights reserved.

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title = "PIONEERING RESOURCE BUNDLING FOR BUSINESS MODEL INNOVATION",

abstract = "Despite the growing literature on business model innovation (BMI), knowledge about how mature firms can design and implement radically new business models notwithstanding their ongoing commitments towards a pre-existing business model remains incomplete. We address this issue by examining the unique resource management challenges in business model innovation initiatives. Using a hand-collected dataset of 141 BMI initiatives we argue and find, that BMI initiatives should be endowed with differentiated resources, socially embedded into the parent organization, and enabled through formal as well as informal control mechanisms. We articulate important contributions to theories of resource management and business model innovation.",

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AU - Zott, Christoph

AU - Stam, Wouter

PY - 2022

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N2 - Despite the growing literature on business model innovation (BMI), knowledge about how mature firms can design and implement radically new business models notwithstanding their ongoing commitments towards a pre-existing business model remains incomplete. We address this issue by examining the unique resource management challenges in business model innovation initiatives. Using a hand-collected dataset of 141 BMI initiatives we argue and find, that BMI initiatives should be endowed with differentiated resources, socially embedded into the parent organization, and enabled through formal as well as informal control mechanisms. We articulate important contributions to theories of resource management and business model innovation.

AB - Despite the growing literature on business model innovation (BMI), knowledge about how mature firms can design and implement radically new business models notwithstanding their ongoing commitments towards a pre-existing business model remains incomplete. We address this issue by examining the unique resource management challenges in business model innovation initiatives. Using a hand-collected dataset of 141 BMI initiatives we argue and find, that BMI initiatives should be endowed with differentiated resources, socially embedded into the parent organization, and enabled through formal as well as informal control mechanisms. We articulate important contributions to theories of resource management and business model innovation.

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Y2 - 5 August 2022 through 9 August 2022

ER -

PIONEERING RESOURCE BUNDLING FOR BUSINESS MODEL INNOVATION

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