To replicate or to renew?
| Authors | |
|---|---|
| Publication date | 2019 |
| Journal | The Smart Manager |
| Volume | Issue number | 18 | 6 |
| Pages (from-to) | 20-23 |
| Organisations |
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| Abstract |
The speed with which technologies and markets change forces firms to innovate their business model. The two main types of business model innovation are replication and renewal. Replication flourishes in relatively stable environments. Renewal, however, has a particularly positive effect in environments where there is a moderate level of dynamism. Top managers can play a vital role in realizing a sufficient level of both types of business model innovation and influencing the market conditions and emergent technologies. |
| Document type | Article |
| Language | English |
| Published at | https://www.thesmartmanager.com/to-replicate-or-to-renew/ |
| Other links | https://www.magzter.com/IN/Spenta-Multimedia/The-Smart-Manager/Business/394883 |
| Permalink to this page | |
