Distinct Approaches to Business Model Innovation
Integrative Innovation
OCTOBER 23, 2014
(amended, 2015-05-03). Business model innovation (BMI) is becoming ever more important as it turns out increasingly difficult for companies to differentiate based on products and services alone. New business models are difficult for competitors to copy, not only because it takes considerable time and effort to build a new business model and simultaneously change several elements of an existing one, respectively.
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