Business model innovation: an integrated approach based on elements and functions

Yue Zhang, Shukuan Zhao*, Xiaobo Xu

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

31 Citations (Scopus)


Business model innovation can be used to acquire competitive advantages. In this paper, we applied an integrative approach to study business model in terms of elements and functions. In the paper, three types of business model innovations were discussed: original innovation, induced innovation, and imitative innovation. The major contributions of this paper are: (1) improving the understanding of the business models; (2) providing a new perspective on business model innovation; and (3) proposing the paths for business model innovation. The paper also discussed how new information technology may promote business model innovation.

Original languageEnglish
Pages (from-to)303-310
Number of pages8
JournalInformation Technology and Management
Issue number3
Publication statusPublished - 1 Sept 2016
Externally publishedYes


  • Business model innovation
  • Information technology management
  • Technology management


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