Upcoming book release: “Business model innovation – the organizational dimension”
We are delighted to announce the upcoming publication of our first edited volume “Business Model Innovation: The Organizational Dimension” (Oxford University Press). This will be the first sustained and focussed inquiry into the organizational dimension of business model innovation.
Within this work package, we are passionate about researching and advancing state-of-the-art knowledge on business models and business model innovation. Therefore, we are delighted to announce the upcoming publication of our first edited volume “Business Model Innovation: The Organizational Dimension” (Oxford University Press). This will be the first sustained and focussed inquiry into the organizational dimension of business model innovation. This book features contributions by leading international authors on the topics of business model and business model innovation. Authors include David J. Teece (UC Berkeley), Costas Markides (LBS), Ramon Casadesus-Masanell (HBS), Julian Birkinshaw (LBS), Jose Santos (INSEAD), etc.
Why is this Book Needed?
Business models provide a unique unit of analysis, complementary, yet distinct from more traditional concepts of strategy. Business models not only allow us to understand the raison d’être of an organization but also the rationale of how a company creates, delivers and captures value. Innovating the “rules of the game”, by rethinking and designing new business models, can give firms the needed competitive edge in today’s market.
Although research on business models has surged over the last decade, many fundamental research questions remain unexplored. To date, little has been done to understand how firms design, innovate and implement new business models. Important research questions include: What are the organizational barriers and facilitators of business model innovation in firms? What role does top management play and how do employees react to an uproot in their firm’s business model? What external forces drive firms to change their business and how can they implement this change successfully?
Major trends, such as open innovation, customer centricity and servitization as well as the need for sustainability highlight the importance of further research into the organizational dimension of business model innovation. This edited volume presents a first step towards a systematic examination of this issues, by means of theory-building and empirical inquiry.
What Does the Book Offer?
Drawing on organizational theory and empirical observation, the contributors specifically highlight organizational design aspects of business model innovation, focusing on how reward systems, power distributions, routines and standard operating procedures, the allocation of authority, and other aspects of organizational structure and control should be designed to support the business model the firm chooses. Also discussed are how existing organizational structures, top management team composition, capabilities, beliefs, cultures and so on influence the firm’s ability to flexibly change to new business models. These are highly relevant questions to academics as well as managers.
On the academic side, the book targets increasing number of management researchers who address business models. Further, because of its strong emphasis on accessible writing, the general importance of the subject, and the empirical aspect of the phenomena it addresses, the book also has a potentially strong role in classes on, for example, strategic management, organizational renewal, and business models.
On the practitioners’ side, the book offers important insight into how managers can design, modify and implement new business models, taking into account the wider organizational context. In fact, the empirical observations made in several chapters offer managers valuable guidance on the organizational requirements and implications of successfully innovating their firms’ business models.
This edited volume will be available by Fall 2014.
Nicolai J Foss & Tina Saebi, eds.
Business Model Innovation: The Organizational Dimension. Oxford: Oxford University Press