Fifteen Years of Research on Business Model Innovation: How Far Have We Come, and Where Should We Go?

Nicolai Juul Foss, Tina Saebi

Research output: Contribution to journalReviewResearchpeer-review

Abstract

Over the last 15 years, business model innovation (BMI) has gained an increasing amount of attention in management research and among practitioners. The emerging BMI literature addresses an important phenomenon but lacks theoretical underpinning, and empirical inquiry is not cumulative. Thus, a concerted research effort seems warranted. Accordingly, we take stock of the extant literature on BMI. We identify and analyze 150 peer-reviewed scholarly articles on BMI published between 2000 and 2015. We provide the first comprehensive systematic review of the BMI literature, include a critical assessment of these research efforts, and offer suggestions for future research. We argue that the literature faces problems with respect to construct clarity and has gaps with respect to the identification of antecedent conditions, contingencies, and outcomes. We identify important avenues for future research and show how the complexity theory, innovation, and other streams of literature can help overcome many of the gaps in the BMI literature.
Original languageEnglish
JournalJournal of Management
Volume43
Issue number1
Pages (from-to)200-227
Number of pages28
ISSN0149-2063
DOIs
Publication statusPublished - Jan 2017
Externally publishedYes

Keywords

  • Business model
  • Business model innovation
  • Design and boundaries
  • Literature review

Cite this