Cited by 149Digital Innovation in IndustriesBusiness Strategies and InnovationDigital Transformation in Industry

Business Model Innovation for Industrie 4.0: Why the ’Industrial Internet’ Mandates a New Perspective on Innovation

Burmeister, Lüttgens, Piller·2016·Die Unternehmung

Abstract

Industrie 4.0 (I40), i.e. the implementation of cyber-physical systems along the entire value chain and a far reaching digitalization of products and processes, is regarded as a significant agent of change in our current industrial system. While the previous discussion of I40 has been centered on technologies and standards, our focus is on business models (BM) for and enabled by I40. Having the right I40 BM will ultimately decide about companies’ market positions and profitability. This calls for a systematic process for business model innovation (BMI). The previous academic literature has offered mostly conceptual reviews to date. Empirical analyses of management approaches and processes applied for BMI are scarce. Based on an exploratory research design, we present the results of a comparative interview study with large companies and industry associations. We analyze I40 business model characteristics, provide an in-depth perspective of companies’ processes, structures and tools for BMI and derive upcoming practices as well as key competencies for BMI in the course of I40. Our results indicate a diverse picture. While some companies have dedicated BMI structures in place and lead I40 BMI, others could benefit from complementing existing product and service development with a systematic approach to BMI, building the fundamental capability to exploit the opportunities of I40.

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Crossref · 10.5771/0042-059x-2016-2-124

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Authors
Burmeister, Lüttgens, & Piller
Venue
Die Unternehmung
Publisher
Nomos Verlag
Published
2016
Volume
70
Issue
2
Pages
124-152
ISSN
0042-059X (ISSN-L)
OpenAlex
W3143845092
Cited by
149
References
0
Citations by year
2026: 1 · 2025: 6 · 2024: 14 · 2023: 13 · 2022: 20 · 2021: 18 · 2020: 33 · 2019: 22 · 2018: 14 · 2017: 5 · 2016: 2 · 2015: 1
FWCI
27.82
Type
journal article
Language
en
Open access
closed
Locations
  • Die Unternehmung (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Digital Innovation in Industries
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Business Strategies and Innovation
  • Physical Sciences › Engineering › Industrial and Manufacturing Engineering › Digital Transformation in Industry
Keywords
business model innovation, Industry 4.0, Industrial Internet of Things, cyber-physical systems, industrial digitalization, innovation management processes, business model characteristics, core competencies, large corporations, trade associations

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