Abstract
This chapter examines the role of the business model in commercialisation of innovations by innovative small firms (ISFs). How the business is designed to create, deliver, and capture value is the focus of a business model. An introductory overview of the business model concept is provided including details of the components of the business model canvas, which is a framework for applying this theory (Osterwalder & Pigneur in business model generation: A handbook for visionaries, game changers, and challengers. Wiley, Hoboken NJ, 2010).
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Clark, D., Reboud, S., Mazzarol, T. (2022). The Business Model and Innovation Strategy. In: Commercialisation and Innovation Strategy in Small Firms. Springer, Singapore. https://doi.org/10.1007/978-981-19-2651-8_5
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