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http://dx.doi.org/10.6109/jkiice.2019.23.2.139

Analytical Framework for the Impact of Technical Change on Business Model Innovation  

Lim, Hong-Tak (Graduate program of Science & Technology Policy, Pukyoung National University)
Han, Jeong-Won (Department of Aging & Social Work, Catholic University of Pusan)
Publication Information
Journal of the Korea Institute of Information and Communication Engineering / v.23, no.2, 2019 , pp. 139-148 More about this Journal
Abstract
The paper proposes an analytical framework for the impact of technical change on business model innovation. Based upon the examination of the relationship between the mission of business and technology, it introduces classification of technology-based business models such as problem-solving model, production model and network model, respectively employing intensive technology, interlinked technology and mediating technology as a key technology. The discussion of various cases of business model innovation shows that the impact of digital technology is first translated into the value generation in terms of efficiency or effectiveness. These new values then enable a new business model which is based on a different key technology through business model shift, expansion, unbundling, or platform. Quite often those business model changes involves system-wide innovation. The framework for the analysis of the impact of technical change on business model innovation is presented with directions for future research.
Keywords
Business Model Innovation; Key Technology; Value Generation; User Co-production; Digital technology;
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Times Cited By KSCI : 1  (Citation Analysis)
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