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The wheel of business model reinvention: how to reshape your business model to leapfrog competitors
Abstract
In today's rapidly changing business landscape, new sources of sustainable competitive advantage can often only be attained from business model reinvention that is based on disruptive innovation and not on incremental change or continuous improvement. Extant literature indicates that business models and their reinvention have recently been the focus of scholarly investigations in the field of strategic management, especially focusing on the search for new bases of building strategic competitive advantage, not only to outperform competitors but to especially leapfrog them into new areas of competitive advantage. While the available results indicate that progress is made on clarifying the nature and key dimensions of business models, relatively little guidance of how to reshape business models and its organizational fitness dimensions have emerged. This article presents a systemic framework for business model reinvention, illustrates its key dimensions, and proposes a systemic operationalization process. Moreover, it provides a tool that helps organizations to evaluate both existing and proposed new business models.
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Cited by
From rapid prototyping to home fabrication: How 3D printing is changing business model innovation
Rayna, T., & Striukova, L. (2016) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2015.07.023 · Cited by 816
Globocnik, D., Faullant, R., & Parastuty, Z. (2020) · European Management Journal · doi:10.1016/j.emj.2019.08.005 · Cited by 79
“Understanding the impact of technology on firms' business models”
André Cavalcante, S. (2013) · European Journal of Innovation Management · doi:10.1108/ejim-10-2011-0085 · Cited by 52
Metadata
- Authors
- Voelpel †, S. C., Leibold, M., & Tekie, E. B.
- Venue
- Journal of Change Management
- Publisher
- Informa UK Limited
- Published
- 2004-09
- Volume
- 4
- Issue
- 3
- Pages
- 259-276
- ISSN
- 1469-7017 (ISSN-L)
- 1479-1811
- OpenAlex
- W2087428969
- Cited by
- 308
- References
- 1
- FWCI
- 22.48
- Type
- journal article
- Language
- en
- Open access
- closed
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- Voelpel †, S. C., Leibold, M., & Tekie, E. B. (2004). The wheel of business model reinvention: how to reshape your business model to leapfrog competitors. Journal of Change Management. https://doi.org/10.1080/1469701042000212669
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.