A Systems View Across Time and Space
Table 1 A general framework for operating business models in action
From: Open innovation, networking, and business model dynamics: the two sides
Interdependent module | Type/description |
|---|---|
Open innovation | Inbound |
Outbound | |
Cumulative to integrate knowledge within and between areas | |
| Â | Innovative Business model |
Networks | Firm position |
Network structure (firm and systemic level) | |
(Inter)dependency - keeping track of competitors and (potential) partners’ business models, whether corporate and funding | |
Time element | Change in business models |
Dynamics of business models (networks and innovation) | |
Sector- and industry-level dynamics | |
Time horizon of development process | |
Business strategy | Use of mixed and changing business models |
Diverse and innovative contracts with set milestones, and different levels of flexibility and engagement between firms |