6 Second stage business model research

The innovation of business models

Dominant authors in the second stage of business model research had similar characteristics to those of the first stage insofar as well-established authors in related fields were citation leaders. However, the theme of the research was altered to focus more on the innovation of business models and, to some extent, performance. The most highly cited publication is the practitioner piece by O’Reilly (2007), which conceptualizes several business model innovation patterns.1 In this second stage of business model research, we see the beginnings of sounder theoretical work gaining momentum, best exemplified by Teece’s (2007) dynamic capabilities article. Moreover, several contributions ...

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