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Business Model InnovationThe Organizational Dimension$
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Nicolai J Foss and Tina Saebi

Print publication date: 2015

Print ISBN-13: 9780198701873

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:oso/9780198701873.001.0001

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Evolution, Adaptation, or Innovation?

Evolution, Adaptation, or Innovation?

A Contingency Framework on Business Model Dynamics

(p.145) 8 Evolution, Adaptation, or Innovation?
Business Model Innovation

Tina Saebi

Oxford University Press

Putting forward a contingency framework, this chapter examines how firms need to modify their business model in response to different threats in the business environment. Examining three different forms business model dynamics, namely business model evolution, adaptation, and innovation, the chapter addresses the questions which environmental conditions prompt which type of business model change and by means of which capabilities firms can support change in their business models. The chapter argues and demonstrates how and why a fit between business model dynamics, environmental change and dynamic capabilities is likely to be an important antecedent to firm performance. The chapter concludes that further empirical research is required.

Keywords:   dynamic capabilities, business model adaptation, business model innovation, business model evolution, contingency framework, business model dynamics

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