Marion Kristin Poetz

Antecedents and Consequences of Business Model Innovation: The Role of Industry Structure

Abstract What makes firms innovate their business models? Why do they engage in innovating how they create, deliver, and capture value? And how does such innovation translate into innovation performance? Despite the importance of business model innovation for achieving competitive advantage, existing evidence seems to be confined to firm-level antecedents and pays little attention to the impact of industry structure. This study investigates how different stages of an industry’s life cycle and levels of industry competition affect firms’ business model innovation, and how such innovation translates into innovation performance. Based on a cross-industry sample of 1,242 Austrian firms, we introduce a unique measure for the degree of innovation in a firm’s business model. The results indicate that the degree of business model innovation is highest toward the beginning of an industry life cycle, that is, in the emergent stage. Competitive industry pressures turn out to be negatively related to the degree of business model innovation. Moreover, we find that the degree of a firm’s business model innovation, conditional on it having introduced a new product or process recently, positively influences innovation performance. Our findings contribute to the ongoing dialog on the role of industry structure in business model innovation, and provide implications for the management of business model innovation.

Toward Sustainability, Health and Well-being in Society: How Can Open Innovation Help?

Issues as sustainability, health and well-being are center stage in current discussions on how to improve our lives, and how we will leave our planet for the future generations. Even though an increasing amount of organizations are taking these issues to heart in their strategic, managerial and operational developments, there are many barriers that prevent them from successfully implementing innovation models to address such grand challenges. These challenges are important for research and practice as they are critical barriers in the face of addressing an important societal problem, while they can also be somehow ill- defined and highly complex. As it has been recognized that solving these challenges requires coordinated and collaborative efforts, it is becoming clear that we need a more open and inclusive approach to fully understand the underlying challenges and to develop new science, innovation and management models to address these challenges. In this symposium, we will hear experiences from various...

Wissen aus analogen Märkten für Innovationen nutzen – Gründe und Vorgehensweisen

In den letzten Jahren hat sich ein eindeutiger Trend hin zu offenen Innovationsmodellen gezeigt: Langst haben nicht mehr nur unternehmensinterne Forschungs- und Entwicklungsabteilungen den Exklusivanspruch auf die Entwicklung neuer Produkte, Services oder Geschaftsmodelle. Neues entsteht dadurch, dass Unternehmen systematisch externe Innovationsquellen erschliesen. In den meisten Fallen beschrankt sich dies jedoch auf offene Innovationsprozesse in Kooperation mit Kunden, Lieferanten oder Mitbewerbern innerhalb der eigenen Industrie. Dieser Buchbeitrag prasentiert, wann und warum es fur Unternehmen Sinn macht und wie es gelingt, die eigenen Industriegrenzen zu uberschreiten und systematisch Innovationswissen aus analogen, d. h. uber strukturell ahnliche Problemstellungen verbundenen Markten einzubeziehen. In einem ersten Schritt werden dazu Mechanismen und Effekte der Integration von Wissen aus analogen Markten diskutiert und darauf aufbauend konkrete Einblicke in die Nutzung des „Analogous Market Effect“ in der unternehmerischen Praxis gegeben.