The Journal of Technology Transfer

, Volume 40, Issue 1, pp 85–104 | Cite as

Business Model Innovation as Lever of Organizational Sustainability

  • Elias G. Carayannis
  • Stavros Sindakis
  • Christian Walter
Article

Abstract

The concept of business models and consequently business model innovation has its foundation in corporate practice, strategic management, and industrial economics. However, business models are not a strategy but constitute the core and driver of a strategy as well as the key for decoding, understanding, and effectively communicating a strategy both within an organization as well as across its business ecosystem. As with Business Model, the Business Model Innovation literature is not well developed. This paper focuses on the effects that can be achieved through business model innovation, in particular organizational sustainability. In this regard, the paper focuses on the organizational design and governance and the role different stakeholders, predominantly customers and partners play in the innovation process towards organizational sustainability. Finally, the ways by which organizational performance is influenced by different business models are also explored, aiming to shed light on this theoretical gap. The results provide insights to manufacturers in developing countries, overcoming their dependence on commoditized products and OEM manufacturing while maintaining a sustainable ecosystem. Finally, implications for theory, policy, and practice are outlined along with the suggestions for future research.

Keywords

Business model Value proposition Organizational sustainability Innovation 

JEL Classification

O310 O320 O330 

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Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  • Elias G. Carayannis
    • 1
  • Stavros Sindakis
    • 2
  • Christian Walter
    • 2
  1. 1.George Washington UniversityWashingtonUSA
  2. 2.Bangkok UniversityBangkokThailand

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