Business Model Innovation: A Review of the Process-based Literature

Daniela Andreini, Cristina Bettinelli*, Nicolai J. Foss, Marco Mismetti

*Corresponding author for this work

Research output: Contribution to journalReviewResearchpeer-review


Research on business model innovation (BMI) processes is blossoming and expanding in many directions. Hence, the time is ripe to summarize and systematize this body of knowledge for the benefit of current and future BMI scholars. In this article, we take stock of the current literature to clarify the concept of a BMI process, develop a categorization scheme (a “BMI process framework”), and discuss future research possibilities. Building on a systematic literature review of 114 papers, our categorization delineates different types of BMI processes and corresponding sub-processes. Moreover, we develop a framework that illustrates how BMI processes are interrelated and interconnected. Finally, we identify the main process-related research gaps in BMI research and provide directions for future research that emerge from our categorization and discussion.
Original languageEnglish
JournalJournal of Management & Governance
Number of pages33
Publication statusPublished - 14 Aug 2021

Bibliographical note

Epub ahead of print. Published online: 14 August 2021


  • Business model innovation process
  • Systematic litterature review
  • Processes
  • Process-based business model innovation
  • BMI process interconnection

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