Business Model Innovation and Stakeholder: Exploring Mechanisms and Outcomes of Value Creation and Destruction
Year: 2019
Type: article
Study design: Systematic Review
Abstract: Given the objective of the focal firm to generate value for stakeholders,this research aims at assessing mechanisms and outcomes for value creation anddestruction between business model innovation (BMI) and stakeholders. Toachieve this goal, we conduct a systematic literature review and apply groundedtheory as coding scheme. Taking frequent mechanisms and outcomes intoaccount, we construct a conceptual framework and pioneer theory building. Asmain result, we identify BMI creating economic return for third parties andproduct/service access for customers. Both outcomes are based on the mechanismof altering resources and processes. In contrast, analyzing stakeholder’s maininfluence, we find management creating strategic orientation by providing knowhow.Our research agenda emphasizes the design of BMI from an ecosystemperspective and the destructive consequences of BMI. While the ecosystem levelof analysis provides new insights into the concept, investigating negative impactscontributes to a more holistic understanding of BMI.
Authors: Sebastian Hermes, Markus Böhm, Helmut Krcmar
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
Funder: Deutsche Forschungsgemeinschaft
Award: G2169384233
OpenAlex ID: W2940576282