Theorising business model innovation: An integrated literature review
Publication Date
8-1-2021
Document Type
Article
Publication Title
Australian Journal of Management
Volume
46
Issue
3
DOI
10.1177/0312896220976751
First Page
548
Last Page
577
Abstract
The aim of this article is to theorise the business model innovation (BMI) phenomenon as we explore why and how BMI occurs, specifically to answer the question, What are the mechanisms involved? We evaluate extant research by adapting the context-intervention-mechanism-output framework, and adopting a mechanism-based theory building approach for synthesising our findings. This study makes three contributions: first, we enrich epistemology by adopting a process view as we show that BMI is a series of interdependent mechanisms. Second, we identify six mechanisms unique to the phenomenon. Third, we offer a prescient outlook of BMI change as a metatheory. JEL Classifications: M10, O30, O31, O39
Keywords
Business model, innovation, mechanism-based theorising, metatheory
Department
Global Innovation and Leadership
Recommended Citation
Mark Loon and Xiaohong Iris Quan. "Theorising business model innovation: An integrated literature review" Australian Journal of Management (2021): 548-577. https://doi.org/10.1177/0312896220976751
