A call for action: The impact of business model innovation on business ecosystems, society and planet

Y. Snihur, N. Bocken*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

The impact of business model innovation (BMI) on business ecosystems, society, and planet is of growing theoretical and practical importance for strategic management. Increasing sustainability pressures warrant a better understanding of the impact of companies' BMI through a more comprehensive analysis of innovation and its consequences. We discuss four foci of innovation (BMI, sustainable BMI, ecosystem innovation, and sustainable ecosystem innovation) to broaden the conceptualization of innovation and its economic, societal, and natural environmental im-pacts. We call for scholarship examining the impact of BMI to advance knowledge through research on value destruction and the dynamics of BMI over time.
Original languageEnglish
Article number102182
Number of pages13
JournalLong Range Planning
Volume55
Issue number6
DOIs
Publication statusPublished - 1 Dec 2022

Keywords

  • Sustainable business model innovation
  • Sustainability
  • Business ecosystems
  • Societal impacts
  • Responsible strategic management
  • STRATEGY PROCESS
  • SUSTAINABILITY
  • TECHNOLOGY
  • DISRUPTION
  • OUTCOMES
  • FIELD

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