In recent years, a new form of business model innovation (BMI) has occurred by incorporating the sustainability concept into the firm’s goals and processes. It is relevant to understand these elements to facilitate the analysis of organizational processes and planning of transformation from one business model to another and to increase the firm’s resilience and the probability of success ( Geissdoerfer, Vladimirova, & Evans, 2018). It deals with a new way to do business aiming at prosperity in a dynamic environment through the reconceptualization of the underlying logic behind the value creation, capture and delivery ( Richardson, 2008 Teece, 2010).įirms increasingly need to innovate by modifying their business model by initiating changes, improvements and replacements in various organizational elements ( Mitchell & Coles, 2003). īusiness model innovation is a widely known topic and one of the most recurring keywords in managerial studies. The full terms of this licence maybe seen at. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Published in Innovation & Management Review. Copyright © 2022, Rosaria Ferlito and Rosario Faraci License
