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Business Model Innovation in Transforming Economies: A Co-evolutionary Perspective for a Global and Digital World
Management and Organization Review ( IF 2.6 ) Pub Date : 2021-03-31 , DOI: 10.1017/mor.2021.14
Oli R. Mihalache , Henk W. Volberda

Although transforming economies offer many examples of business model innovation, they have been largely overlooked in academic research, with most studies focusing on what happens in developed countries. However, in their push to become innovation economies, transforming economies have become experimentation arenas for new ways of doing business. This special issue addresses the gap in business model innovation research in several ways. First, we develop a co-evolutionary framework in which we consider what type of business model innovation occurs in transforming economies (adoption, adaptation, or creation) and who the central players are (indigenous firms or MNEs). We show how, through business model innovation, indigenous firms have begun to challenge global industry leaders – despite not having the same resource advantages, proprietary technology, or market power – and we highlight the consequences of this for the domestic and global environment. Second, we discuss how the articles in this special issue advance research by contributing to a co-evolutionary perspective on business model innovation for a global and digital world. Third, to guide future research on business model innovation in the fascinating context of transforming economies we outline various directions that could build on our framework and the articles presented here.

中文翻译:

经济转型中的商业模式创新:全球和数字世界的共同进化视角

尽管转型经济体提供了许多商业模式创新的例子,但它们在学术研究中很大程度上被忽视了,大多数研究都集中在发达国家发生的事情上。然而,在推动成为创新经济体的过程中,转型经济体已成为新经商方式的试验场。本期特刊以多种方式解决了商业模式创新研究的差距。首先,我们开发了一个共同进化框架,在该框架中,我们考虑在转型经济体中发生了何种类型的商业模式创新(采用、适应或创造)以及谁是核心参与者(本土公司或跨国公司)。我们展示了本土企业如何通过商业模式创新开始挑战全球行业领导者——尽管没有相同的资源优势,专有技术或市场力量——我们强调这对国内和全球环境的影响。其次,我们讨论了本期特刊中的文章如何通过对全球和数字世界的商业模式创新的共同进化观点做出贡献来推进研究。第三,为了指导未来在经济转型的迷人背景下对商业模式创新的研究,我们概述了可以建立在我们的框架和本文介绍的文章基础上的各种方向。
更新日期:2021-03-31
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