Business Model Innovation and exaptation: A new way of innovating in SMEs. (January 2023)
- Record Type:
- Journal Article
- Title:
- Business Model Innovation and exaptation: A new way of innovating in SMEs. (January 2023)
- Main Title:
- Business Model Innovation and exaptation: A new way of innovating in SMEs
- Authors:
- Codini, Anna Paola
Abbate, Tindara
Messeni Petruzzelli, Antonio - Abstract:
- Abstract: Although research underlines the need for SMEs to innovate their Business Model, they face considerable challenges in exploring external business opportunities and experimenting/developing their available resources in unexpected ways. We posit that one way that SMEs can innovate their Business Model is through exaptation, a discontinuous evolutionary process that allows utilizing and adapting existing resources in new application domains. Using a case study approach, we investigate the case of a SME that has successfully innovated its Business Model through exaptation. We then discuss how three key exaptation processes lead to value creation, delivery and capturing, thus supporting Business Model Innovation in SMEs. Highlights: Connecting the concept of Exaptation with Business Model Innovation. Providing guidelines for SMEs to fruitfully use Exaptation for Business Model Innovation. Identifying how key Exaptation processes activate Value Creation, Value Delivery and Value Capturing mechanisms.
- Is Part Of:
- Technovation. Volume 119(2023)
- Journal:
- Technovation
- Issue:
- Volume 119(2023)
- Issue Display:
- Volume 119, Issue 2023 (2023)
- Year:
- 2023
- Volume:
- 119
- Issue:
- 2023
- Issue Sort Value:
- 2023-0119-2023-0000
- Page Start:
- Page End:
- Publication Date:
- 2023-01
- Subjects:
- Business Model Innovation -- Exaptation -- SMEs -- Value creation -- Value delivery -- Value capturing
BMI Business Model Innovation
Technological innovations -- Periodicals
Industrial management -- Periodicals
Innovations -- Périodiques
Gestion d'entreprise -- Périodiques
Electronic journals
658.57 - Journal URLs:
- http://www.sciencedirect.com/science/journal/01664972 ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.technovation.2022.102548 ↗
- Languages:
- English
- ISSNs:
- 0166-4972
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 8761.150000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 24460.xml