Barriers to Business Model Innovation

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Business Models > Best Practices > Barriers to Business Model Innovation

Barriers to Business Model Innovation
Anneke Zwart, Student (University), Netherlands, Member
Due to fast technological developments and innovations, firms need to be able to quickly adapt to changes in the competitive environment. This is the reason why Business Model Innovation (BMI) has gained importance. BMI refers to the discovery of new business logics of the company and new methods to both create and capture value. Although BMI is needed to stay competitive, many attempts to implement a whole new business model have actually failed. Von den Eichen and Matzler (2015) describe the most important obstacles that impair successful Business Model Innovation:
  1. AWARENESS-RELATED OBSTACLES: Our mind-set is often too narrowly focused and we are caught by our own thinking patterns which are guided by dominant logic. This leads us to associate BMI with products (innovation), which is logical because products make innovation more tangible. However, this way of thinking presents a major barrier to BMI, as it prevents us from thinking beyond innovations of products. In ord (...) Read more? Sign up for free

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  Obstacles to Business Model Innovation
Derek Lark, CEO, Australia, Member
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Business Models
Summary
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The Startup Business Strategy Frame
The Strategy Sketch (Kraaijenbrink)
🔥Partners in the Business Model Canvas and SWOT
Best Practices
🥇Business Models in Developing Countries
🥈Business Model Innovation
🥉Key Elements of a Business Model
Operating Model versus Business Model
Definition of a Business Model is Ambiguous
Why does Innovation often Requires Changes in the Business Model?
Business Model Examples for Online Shop
Mastercard and Business Model Innovation
Using the Business Model Canvas for Markets with Many Customers
What Exactly is a Management Model?
Barriers to Business Model Innovation
Business Models Used in Schools


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