Zhao_von Delft and Zhao 2020 Technovation Business Models in Process Industries.pdf (542.22 kB)
Business models in process industries: Emerging trends and future research
journal contribution
posted on 2020-11-06, 10:26 authored by Stephan von Delft, Yang ZhaoThis article reviews the literature on business models in process industries. The
review reveals that the business model concept has gained an increasing amount of attention
in process-industrial research, but it also shows that the literature exhibits a lack of construct
clarity and that it is developing in different domains, depending on the perspectives scholars
have taken to study business models in process industries. Specifically, while innovation
management scholars have explored the relationship between technological innovations and
business models as well as the process and outcomes of business model innovation, scholars
from the domain of production management have focused on value chain (re)configurations
and taken a system-based perspective to consider boundary-spanning exchanges with key
stakeholders in the design of business models. However, despite variance in the perspectives,
the review further shows that works in these divergent domains point to a family of emerging
themes and to common ideas that have not been explored together. This allows us to identify
the particularities of business models in process industries and develop a definition of
process-industrial business models, which extends prior business model literature into the
process industry context. Furthermore, we synthesize these connections to develop an agenda
for future, cross-disciplinary research on business models in process industries that assists
cumulative theorizing and subsequent empirical progress.
History
School
- Loughborough University London
Published in
TechnovationVolume
105Publisher
ElsevierVersion
- AM (Accepted Manuscript)
Rights holder
© ElsevierPublisher statement
This paper was accepted for publication in the journal Technovation and the definitive published version is available at https://doi.org/10.1016/j.technovation.2020.102195Acceptance date
2020-10-28Publication date
2020-11-07Copyright date
2021ISSN
0166-4972eISSN
1879-2383Publisher version
Language
- en