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A call for action : The impact of business model innovation on business ecosystems, society and planet

Snihur, Yuliya and Bocken, Nancy LU (2022) In Long Range Planning 55(6).
Abstract

The impact of business model innovation (BMI) on business ecosystems, society, and planet is of growing theoretical and practical importance for strategic management. Increasing sustainability pressures warrant a better understanding of the impact of companies’ BMI through a more comprehensive analysis of innovation and its consequences. We discuss four foci of innovation (BMI, sustainable BMI, ecosystem innovation, and sustainable ecosystem innovation) to broaden the conceptualization of innovation and its economic, societal, and natural environmental impacts. We call for scholarship examining the impact of BMI to advance knowledge through research on value destruction and the dynamics of BMI over time.

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author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Business ecosystems, Responsible strategic management, Societal impacts, Sustainability, Sustainable business model innovation
in
Long Range Planning
volume
55
issue
6
article number
102182
publisher
Elsevier
external identifiers
  • scopus:85123204250
ISSN
0024-6301
DOI
10.1016/j.lrp.2022.102182
language
English
LU publication?
yes
id
9ad917fb-4b69-49e8-bedf-7a545c213440
date added to LUP
2022-03-21 15:48:08
date last changed
2023-01-16 10:14:31
@article{9ad917fb-4b69-49e8-bedf-7a545c213440,
  abstract     = {{<p>The impact of business model innovation (BMI) on business ecosystems, society, and planet is of growing theoretical and practical importance for strategic management. Increasing sustainability pressures warrant a better understanding of the impact of companies’ BMI through a more comprehensive analysis of innovation and its consequences. We discuss four foci of innovation (BMI, sustainable BMI, ecosystem innovation, and sustainable ecosystem innovation) to broaden the conceptualization of innovation and its economic, societal, and natural environmental impacts. We call for scholarship examining the impact of BMI to advance knowledge through research on value destruction and the dynamics of BMI over time.</p>}},
  author       = {{Snihur, Yuliya and Bocken, Nancy}},
  issn         = {{0024-6301}},
  keywords     = {{Business ecosystems; Responsible strategic management; Societal impacts; Sustainability; Sustainable business model innovation}},
  language     = {{eng}},
  number       = {{6}},
  publisher    = {{Elsevier}},
  series       = {{Long Range Planning}},
  title        = {{A call for action : The impact of business model innovation on business ecosystems, society and planet}},
  url          = {{http://dx.doi.org/10.1016/j.lrp.2022.102182}},
  doi          = {{10.1016/j.lrp.2022.102182}},
  volume       = {{55}},
  year         = {{2022}},
}