Business model innovation: a review of the process-based literature

Research on business model innovation (BMI) processes is blossoming and expanding in many directions. Hence, the time is ripe to summarize and systematize this body of knowledge for the benefit of current and future BMI scholars. In this article, we take stock of the current literature to clarify the concept of a BMI process, develop a categorization scheme (a BMI process framework), and discuss future research possibilities. Building on a systematic literature review of 114 papers, our categorization delineates different types of BMI processes and corresponding sub-processes. Moreover, we develop a framework that illustrates how BMI processes are interrelated and interconnected. Finally, we identify the main process-related research gaps in BMI research and provide directions for future research that emerge from our categorization and discussion.

Automated summary

Research on business model innovation processes is growing rapidly, and there is a need to summarize and systematize this knowledge by developing a categorization framework. A systematic literature review was conducted to clarify the concept of BMI processes, develop a categorization scheme, and identify future research directions.