Editing Business model (section)

== Business model innovation ==
[[File:Business model innovation classification.png|thumb|400x400px|Business model innovation types<ref name="Geissdoerfer 2018 401–416">{{Cite journal|last1=Geissdoerfer|first1=Martin|last2=Vladimirova|first2=Doroteya|last3=Evans|first3=Steve|date=2018|title=Sustainable business model innovation: A review|journal=Journal of Cleaner Production|volume=198|pages=401–416|doi=10.1016/j.jclepro.2018.06.240|issn=0959-6526|url=https://www.repository.cam.ac.uk/handle/1810/284116|doi-access=free}}</ref>]]
When an organisation creates a new business model, the process is called business model innovation.<ref>{{Cite journal|last=Osterwalder, A., Pigneur, Y., Tucci, C.L.|date=2005|title=Clarifying business models: Origins, present, and future of the concept|url=https://aisel.aisnet.org/cgi/viewcontent.cgi?article=3016&context=cais|journal=Communications of the Association for Information Systems|volume=16|pages=1–25|via=Association for Information Systems|doi=10.17705/1CAIS.01601|doi-access=free}}</ref><ref>{{Cite journal|last=Chesbrough|first=Henry|date=2010|title=Business Model Innovation: Opportunities and Barriers|journal=Long Range Planning|volume=43|issue=2–3|pages=354–363|doi=10.1016/j.lrp.2009.07.010|issn=0024-6301}}</ref> There is a range of reviews on the topic,<ref name="Geissdoerfer 2018 401–416"/><ref>{{Cite journal|last1=Foss|first1=Nicolai J.|last2=Saebi|first2=Tina|date=2017|title=Fifteen Years of Research on Business Model Innovation|journal=Journal of Management|language=en|volume=43|issue=1|pages=200–227|doi=10.1177/0149206316675927|s2cid=56381168|issn=0149-2063|url=http://wrap.warwick.ac.uk/98514/1/WRAP-fifteen-years-business-innovation-Foss-2017.pdf}}</ref><ref name=":0">{{Cite book|title=Geschäftsmodell-Innovation: Grundlagen, bestehende Ansätze, methodisches Vorgehen und B2B-Geschäftsmodelle.|last=Schallmo|first=D.|publisher=Springer|year=2013|location=Wiesbaden}}</ref> The concept facilitates the analysis and planning of transformations from one business model to another.<ref name=":0" /> Frequent and successful business model innovation can increase an organisation's resilience to changes in its environment and if an organisation has the capability to do this, it can become a competitive advantage.<ref>{{Cite journal|last1=Mitchell|first1=Donald W.|last2=Bruckner Coles|first2=Carol|date=2004|title=Business model innovation breakthrough moves|journal=Journal of Business Strategy|language=en|volume=25|issue=1|pages=16–26|doi=10.1108/02756660410515976|issn=0275-6668}}</ref> Although business model innovation promises financial returns,<ref>{{Cite journal |last1=Latifi |first1=Mohammad-Ali |last2=Nikou |first2=Shahrokh |last3=Bouwman |first3=Harry |date=2021-09-01 |title=Business model innovation and firm performance: Exploring causal mechanisms in SMEs |journal=Technovation |language=en |volume=107 |pages=102274 |doi=10.1016/j.technovation.2021.102274 |issn=0166-4972|doi-access=free }}</ref> periods of radical business model innovation can reduce the [[Person–environment fit|person-organization fit]] and thus lead to a greater fluctuation in the workforce.<ref>{{Cite journal |last1=Menter |first1=Matthias |last2=Göcke |first2=Lutz |last3=Zeeb |first3=Christopher |date=2022-12-26 |title=The Organizational Impact of Business Model Innovation: Assessing the Person-Organization Fit |journal=Journal of Management Studies |language=en |pages=joms.12902 |doi=10.1111/joms.12902 |s2cid=254662139 |issn=0022-2380|doi-access=free |hdl=10419/293957 |hdl-access=free }}</ref>