Leveraging Virtual Business Model Innovation: A Framework for Designing New Business Model Development Tools
Journal
Information systems journal : ISJ
ISSN
1350-1917
ISSN-Digital
1365-2575
Type
journal article
Date Issued
2016-09
Author(s)
Abstract
This paper presents a framework for developing tool support for the design and management of new business models. Existing IT tools supporting the process of designing, innovating, and evaluating a company’s business model are currently not leveraging the full potential of tool support, since they do not make use of theoretical and empirical knowledge around business model development. Against this backdrop, we analyze existing knowledge on business model design and management, resulting in a first systematization of the activities that are necessary for developing and managing new business models. In order to complement this knowledge and to identify the requirements for sup-porting these activities, a series of expert interviews is conducted. Based on the results of the interview series, a new business model development tool (BMDT) is created and evaluated. The learnings of this development process are then consolidated in a unified framework. This framework constitutes a new solution for systematically designing tool support for business model development, and extends existing literature by highlighting the importance of collaboration between participants in a business model development project. It also provides designers of new BMDTs with an empirically based conceptualization to guide their efforts.
Language
English
Keywords
Business Model Design
Design Support Tools
Virtual Collaboration
Action Design Research
Online Knowledge Collaboration Theory
HSG Classification
contribution to practical use / society
Refereed
Yes
Publisher
Wiley-Blackwell
Publisher place
Oxford [u.a.]
Volume
26
Number
5
Start page
519
End page
550
Subject(s)
Division(s)
Eprints ID
247915
File(s)![Thumbnail Image]()
open.access
Name
JML_540.pdf
Size
1.64 MB
Format
Adobe PDF
Checksum (MD5)
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