University of Twente Student Theses
The Business Model Innovation Process and its Importance to Micro-foundations: A Dynamic Capabilities Perspective
Dierichsweiler, Karin Lara Anna (2019) The Business Model Innovation Process and its Importance to Micro-foundations: A Dynamic Capabilities Perspective.
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| Abstract: | While much has been written about Business model innovation (BMI), two important aspects have been under-emphasized. The first is the process through which BMI occurs in incumbent firms from mature industries and the second is its relationship with micro-foundations. To address this deficiency, this present paper draws on two case studies from the waste management industry in Germany to investigate the process through which BMI occurs in these operations and to explore the notion of micro-foundations and their role towards this process. Drawing on the dynamic capabilities perspective, the paper studies the process of BMI in terms of sensing, seizing and reconfiguring; and further examines the underlying micro-foundations that the operations apply within the process of BMI. The findings reveal that incumbent firms can manage to innovate their business model by using a systematic innovation process, consisting of three phases. But moreover, this study found that the effectiveness of the BMI process to provide competitive outcomes depends on the extent to which incumbents possess specific micro-foundations. Sensing and learning are important for creating the prospective value of the BMI process, while coordinating and integrating are required for the realization the value creation of the BMI process. This paper, thus, not only fills important gaps in the academic literature but also provides practical insights for managers pursuing a BMI process within their organization. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/77737 |
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