European Business Schools Librarian's Group

IESE Research Papers,
IESE Business School

No D/870: Business model innovation: Creating value in times of change

Raphael Amit and Christoph Zott ()
Additional contact information
Raphael Amit: The Wharton School
Christoph Zott: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN

Abstract: We highlight business model innovation as a way for general managers and entrepreneurs to create and appropriate value, especially in times of economic change. Business model innovation, which involves designing a modified or new activity system, relies on recombining the existing resources of a firm and its partners, and it does not require significant investments in R&D. We offer managers and researchers a conceptual primer on business model innovation emphasizing the importance of system-level thinking.

Keywords: Business model; innovation; activity system; design; value creation

JEL-codes: L22; L26; M10

17 pages, July 17, 2010

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