Business Models: A Discovery Driven Approach

@article{McGrath2010BusinessMA,
  title={Business Models: A Discovery Driven Approach},
  author={Rita Gunther McGrath},
  journal={Long Range Planning},
  year={2010},
  volume={43},
  pages={247-261}
}

Figures and Tables from this paper

Business models: A challenging agenda
TLDR
This article proposes a typology of business models that emphasizes the connecting of traditional value chain descriptors with how customers are identified and satisfied, and how the firm monetizes its value, to extend current work on cognitive categorization and open up new possibilities for organization research.
Information System Strategy for Opportunity Discovery and Exploitation: Insights from Business Model Transformation
TLDR
Using an in-depth case study of a large enterprise that is designing its next business model, it is found that an IS can be used to facilitate opportunity discovery in formulating the narrative and numeric logics of a new business model and can facilitate opportunity exploitation in reconfiguring IS resources.
Business model design: new tools for business systems innovation
TLDR
This work introduces a method for identifying business models, supported by an evaluation tool and core value calculations, and highlights additional evaluation tools that have been developed.
On the Conceptualization of Business Models: A New Approach from Classical Paradigm
The conceptualization of business model has plunged into a dilemma of no consensus on its concept for a long time. This thesis reviews the relevant works, puts forward a proposition of abiding by
Making business models
TLDR
This paper illustrates how the application of participatory business model design toolsets can open up discussions on alternative scenarios through improvisation, mock-up making and design game playing, before qualitative judgment on the most promising scenario is carried out.
Managing Turbulence: Business Model Development in a Family-Owned Airline
How can a family business reduce environmental uncertainty and dependence by developing its business model, changing the logic of creating and capturing value through its activities? Cimber, a
Experimenting with Circular Business Models—A Process-Oriented Approach
TLDR
In this chapter, Antikainen and Bocken illustrate how a 5-step circular business model experimentation process model approach can be used to help organisations to focus on the most relevant issues that are also most prone for challenges during the process.
Data-Mining Tools for Business Model Design: The Impact of Organizational Heterogeneity
TLDR
Recent studies show that data-mining tools produce a positive interaction with business models, empowering the strategic performance capabilities that drive the achievement of competitive advantage.
Business Model Design Games: Rules and Procedures to Challenge Assumptions and Elicit Surprises
Previously well-established companies are currently struggling to secure profits, mainly due to the pressure from new communication technology-based business models. Because of this, the business
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 24 REFERENCES
Business model innovation: it's not just about technology anymore
Purpose – To innovate the company business model, executives must first understand what it is, and then examine what paths exist for them to improve on it. This article aims to examine this
Why business models matter.
"Business model" was one of the great buzz-words of the Internet boom. A company didn't need a strategy, a special competence, or even any customers--all it needed was a Web-based business model that
Discovery-Driven Growth: A Breakthrough Process to Reduce Risk and Seize Opportunity
TLDR
This chapter focuses on Strategic Growth Opportunities, and the Necessary Art of Disengagement, and implementing Discovery Driven Growth.
Business Model Design and the Performance of Entrepreneurial Firms
TLDR
The empirical results show that novelty-centered business model design matters to the performance of entrepreneurial firms and that this positive relationship is remarkably stable across time, even under varying environmental regimes.
Making real options really work.
TLDR
A simple formula for combining DCF and option valuations is presented that will help managers select better projects than their more timid competitors while keeping risk under control and will outperform their rivals in both the product and the capital markets.
Defining and developing competence: A strategic process paradigm
TLDR
Empirical results from a study of 160 new initiatives in 40 organizations from 16 countries suggest that it is feasible to operationalize and measure these constructs and that comprehension and deftness are important correlates of an organization's degree of competence as defined.
Innovation, competitive advantage and rent: a model and test
Four antecedents, it is argued, are necessary precursors for a firm to capture rents from innovation. The antecedents are causal understanding; innovation team proficiency; emergence and mobilization
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail
A Wall Street Journal and Businessweek bestseller. Named by Fast Company as one of the most influential leadership books in its Leadership Hall of Fame. An innovation classic. From Steve Jobs to Jeff
Exploratory Learning, Innovative Capacity, and Managerial Oversight
When adaptation requires innovation, or the creation of variety, exploration is crucial. High levels of exploration thus imply variance-seeking rather than mean-seeking learning processes. In a study
...
1
2
3
...