Managing the Value Appropriation Dilemma in Business Model Innovation
| Autor: | Yuliya Snihur, Christoph Zott, Raphael Amit |
|---|---|
| Rok vydání: | 2021 |
| Předmět: |
Emerging technologies
Strategy and Management 05 social sciences Management Science and Operations Research Business model Business model innovation Value appropriation Dilemma Strategic design Management of Technology and Innovation 0502 economics and business Business 050207 economics Business and International Management Institutional theory 050203 business & management Legitimacy Industrial organization |
| Zdroj: | Strategy Science. 6:22-38 |
| ISSN: | 2333-2077 2333-2050 |
| Popis: | Managers and designers of innovative business models that are enabled by emerging technologies need to build legitimacy with ecosystem participants. Yet increasing legitimacy within the ecosystem raises competitors’ incentives to imitate the business model innovators, thereby adversely affecting the innovators’ ability to appropriate value. We refer to this trade-off as the appropriation dilemma. We draw on institutional and resource-based perspectives to develop propositions about mitigating the appropriation dilemma and provide illustrations with a range of cases. Our theory development contributes to the technology management and business model innovation literatures by delineating how business model innovators can create value for all stakeholders and at the same time appropriate value through strategic business model design, a task that is particularly salient in the context of emerging technologies. We also strengthen the theoretical foundations of business model innovation research by grounding propositions about the strategic design of business models in resource-based theory and institutional theory. |
| Databáze: | OpenAIRE |
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