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28 July 2019, Volume 31 Issue 7 Previous Issue    Next Issue

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Research on Embedded Innovation Paradigm Li Ping, Pu Xiaomin, Tian Shanwu 2019, 31 (7):  3-12.  Abstract ( 401 )   PDF (1519KB) ( 883 )   The deepening of Internet development and globalization has triggered global transformation of technology and economy. In order to adapt to the environmental changes, technology-based start-ups and platform companies have tried a new cooperative innovation paradigm:technology-based startups embed themselves into the platform ecology and share platform resources to promote innovation and its marketization. Accordingly, it becomes necessary for scholars to explore the characteristics and the mechanism of the new paradigm and contribute new knowledge to innovation theory and innovation practice. Based on the theory of network embedding and the analysis of the existing cooperative innovation paradigms, the paper proposes "embedded innovation" for the first time, and systematically elaborates its conception, characteristics and operating mechanism, all of which constitute the preliminary theoretical framework of embedded innovation. References | Related Articles | Metrics

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Business Model Analysis of Value Activities in Technology Transformation Yuan Yi, Zhang Xu, Guo Ju'e 2019, 31 (7):  13-21.  Abstract ( 284 )   PDF (1648KB) ( 1290 )   How to improve the efficiency of technology transformation and let it serve the promotion of social productivity is a major question in technology transformation studies. The business model theory provides a systematic analysis tool which can be used in analyzing the complex value activities within all participants in technology transformation. This paper analyzes the role of participants, the value transfer structure and process of value creation in technology transformation based on business model theory. The paper shows that the main obstacle that hinders the efficiency of technology transformation lies in the value orientation difference between research department and the subjects of technology commercialization. To solve this problem, a market-oriented closed-loop of technology transformation is needed. References | Related Articles | Metrics

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Business Model Innovation Process: Case Studies on Patterns of Core Elements Construction Zhao Yunan, Jing Runtian, Dong Mei 2019, 31 (7):  22-36,44.  Abstract ( 391 )   PDF (1585KB) ( 1289 )   Research on business models and business model innovation based on the perspective of configuration system has become more and more popular, but there is still a lack of research on how business models come into being and business model innovation process. Based on complexity theory, this paper proposes four patterns of core elements construction in the process of business model innovation, namely imitating, transplanting, shaping and exploring. Imitating and transplanting are the learning processes towards explicit knowledge of other business models, while shaping and exploring focus on the exploration of tacit knowledge. The exploration of tacit knowledge requires managers to expand contextual intelligence and management vision, and break through the cognitive limitations by collecting and accumulating external information and knowledge. This paper finds that firms construct new core elements to promote the fit within elements and between elements and the external environment. The different construction patterns of core elements determine the different developmental trajectories of firms. This paper has theoretical contributions to business model design and business model innovation process, and has practical value for entrepreneurship, business model construction and transformation. References | Related Articles | Metrics

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Product Crisis Management Model Innovation Based on Big Data Huang Wei, Liu Xia, Wei Qiang, Xu Xin 2019, 31 (7):  37-44.  Abstract ( 269 )   PDF (1924KB) ( 431 )   Frequent occurrence of enterprise crisis events in recent years has forced business model innovation to find a solution on how to better cope with the changing market and fierce competition. Crisis management involves the internal and external organization management, strategic formulation and profitability of an enterprise, all of which are closely related to the business model of the enterprise. This paper tries to analyze the challenges of crisis management in the era of big data, and build a crisis management model based on the framework of 4Cs crisis management and design science paradigm. Further, this paper adopts an associative search-based methodology, which more accurately identifies relevant firms through consumer perceptions, and examines the impacts of the recalls issued by CPSC during 2004-2014 on relevant firms. We find associative search-based method can predict different and more significant impact of the crisis on the abnormal stock returns of other relevant firms, comparing with traditional SIC method. The paper concludes with managerial implications for both academia and practitioners. References | Related Articles | Metrics

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Research on Value Creation Process Model of Shared Economic Platform——A Case Study of Didi, Airbnb and Douyin Wang Shuilian, Li Zhigang, Du Yingying 2019, 31 (7):  45-55.  Abstract ( 817 )   PDF (1242KB) ( 1735 )   Platform plays a big role in the sharing economy. However, little attention has been paid to the studies of sharing economic platform in the academia. The shared economy platform represents a multi-participatory, hierarchical complex system with stronger environmental adaptability. The value creation process of the shared economic platform can be divided into three parts, namely resource integration, supply and demand matching and co-creation driving. Resource integration consists of the integration of organization resources, supply and demand resources and third-party resources of the platform. Factor matching, space-time point matching and flow matching are three ways to match the supply and demand of shared economic platform. The choice of matching mode depends on the information rate of user behavior. Co-creation driving indicates that the platform creates value for the platform and other users by driving the user participation behavior and citizenship behavior. In this way, it will further enhance the attractiveness of platform and create innovative value to drive the transformation and upgrading of the industry. References | Related Articles | Metrics

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Business Model of Health Data Sharing Platform Based on Data Crowdsourcing in the Context of Big Data Guo Xinxin, Wang Haiyan 2019, 31 (7):  56-64.  Abstract ( 381 )   PDF (1424KB) ( 620 )   In the context of medical and health big data, public's health data, as a rich asset, has attracted extensive attention from the field of theory and industry, but how to fully develop and utilize the public's health data has not been thoroughly studied. Based on the research and analysis of the existing "Internet + medical health" service models in the market, this paper builds a health data sharing platform based on data crowdsourcing. Based on the Wei-Zhu six factor model, through the analysis of data sharers, service providers, data consumers and health data sharing platforms, the business system of health data sharing platform is designed and analyzed. This paper selects the "BSPNetwork" platform as a typical case, systematically analyzes and summarizes its business model, and discusses the path of "BSPNetwork" to share health data accommodated by blockchain & digital currency technology. Research shows that the crowdsourcing-based health data sharing model can create a closed data platform for healthy data collection-storage-utilization-feedback, which solves the problem that the public health data are difficult to aggregate, share and monetize. It provides support for the innovation of medical and health service mode in addition to the improvement of the accessibility of healthy lifestyle and related services. References | Related Articles | Metrics

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Blockchain-Enabled Business Model Innovation: Case Study on DIPNET Zhu Xiaowu 2019, 31 (7):  65-74.  Abstract ( 346 )   PDF (2153KB) ( 842 )   Business model is one of the important research targets for academia and practitioners in recent years. With the rapid progress of information technology, it is urgent for firms to integrate resources, reconstruct the value network and innovate the business model. Blockchain provides the new IT driving force for business model, which is a convenient technology for dyadic IT customization. Based on literatures and PNMP-CET@I business model, it combines the tacit knowledge of CET@I and constructs blockchain-enabled business model innovation with comprehensive driving factors. Through the case study of DIPNET, it is found that the first generation of DIPNET mainly focuses on the value creation mechanism of three business models, which is efficiency, novelty and complementarities. The second generation DIPNET added three business model value appropriation mechanisms "lock-in, bundling and imitation barriers". The case study validates blockchain-enabled business model innovation. By upgrading the business model, the firm builds a multi-equal business ecosystem, such as partners and consumers, so as to match the strategic intention, and gradually restructure the value network of the stakeholders. References | Related Articles | Metrics

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Research on E-Business Model of Paying for the Knowledge Xing Xiaoqiang, Zhou Pinglu 2019, 31 (7):  75-85.  Abstract ( 342 )   PDF (1335KB) ( 2016 )   Paying for knowledge on internet is a new business form in which enterprises provide various knowledge products and services for paying users by means of internet tools and platforms. Its business model deserves thorough discussion. Based on the qualitative data on five reprehensive cases, this paper proposes a theoretical framework and constituent elements of paying-for-knowledge business model, which provides a basis for further comparison and empirical analysis. The research shows that paying-for-knowledge business model includes four key dimensions:value proposition, value network, key activities and profit model. Among them, different value propositions reflect the diversified knowledge needs raised by the changing of time. Value network shows the collaborative relationship and structure between enterprises and knowledge producers and other stakeholders. The key activities support the consistent provision of knowledge products and services. Finally, profit model promotes business sustainability through appropriate payment mechanism design and value distribution within the network. References | Related Articles | Metrics

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Research on the Evolution Mechanism of Second-hand E-commerce Platform Business Model——A Case Study Based on Value Creation Logic Hu Wangbin, Zhong Lan, Jiao Kangle, Qin Shuang 2019, 31 (7):  86-96.  Abstract ( 322 )   PDF (1716KB) ( 1964 )   Although the second-hand e-commerce platform is in a period of rapid development, there exists the realistic problem of insufficient market user discovery. The core reason is that most of the platforms in the industry have not yet built an effective business model. In the academic field, the root cause lies in the unclear evolution mechanism of second-hand e-commerce platform business model. From the perspective of business model value creation, we can explore the dynamic evolution mechanism of business model, which can be conducive to exploring how the second-hand e-commerce platform constructs a value ecosystem with unique competitive advantages. Therefore, based on the value creation logic of the business model, this study selects the case study of the trading platform "xianyu", which takes the market-leading position in the second-hand e-commerce industry, and explores the evolution mechanism of its business model. On this basis, it further outlines the path of value creation, that is, driven by the internal and external environment of the industry, the platform generally evolves through three stages of development. At each stage, the focus of the value module is different. In the initial stage, the platform attaches importance to exploring value propositions, including determining strategic positioning and satisfying customer value; In the development stage, the platform not only focuses on the value creation activities of key business development and core resource acquisition, but also uses the interaction with customers and partners to realize value appreciation and delivery; In the mature stage, the platform fully integrates internal and external resources to achieve maximum value acquisition under the value ecosystem. In the evolution of value creation, value interaction mechanism is the key to building a multi-win value creation system so as to shape an effective business model. This research is of positive significance for the promotion of the benign development of second-hand e-commerce platforms and the expansion of the application scope of business model theory. References | Related Articles | Metrics

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Classification and Theoretical Models of Sharing Economy Business Models: Based on Studies of Three Typical Cases Sun Kai, Wang Zhenfei, Yan Zhanghua 2019, 31 (7):  97-109.  Abstract ( 434 )   PDF (1380KB) ( 2016 )   In order to improve the understanding of sharing economy, firstly, this paper reviews the relevant research of sharing economy and proposes the elements constituting the concept of sharing economy, which includes subject, object, means and goal, and defines sharing economy from the perspective of improving resource utilization efficiency and social welfare. Secondly, according to the two dimensions of expression and subject type, it puts forward a classification method of ‘Nine-square’ method for sharing economy, which can divide sharing economy into nine types, and classifies current industries in sharing economy in China. Furthermore, the paper sets up a business model of PPC ‘Three-dimension network’ for sharing economy to analyze the business models of Mobike, Zhihu and Equipment sharing platform of Sany Heavy Industry, and puts forward some suggestion for the three companies. These case studies prove the scientific and universal nature of PPC model. At the same time, the paper forecasts the trend of sharing economy in the future. References | Related Articles | Metrics

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The Key Value Drivers of User Value Creation in Internet Products: Products or Connections? A Case Study of WeChat During 2011-2018 Jiang Jihai, Liu Rui 2019, 31 (7):  110-122.  Abstract ( 281 )   PDF (1448KB) ( 935 )   Compared with the industrial era, the value creation logic and business model innovation of Internet product have undergone great changes in the digital age. The business model innovation of Internet products emphasizes the reconstruction of supply and demand connection methods to realize user value creation. This paper takes Internet products as the research object. Firstly, two kinds of value drivers are abstracted by means of the classic business model canvas:product and connection; then the mechanism of the value drivers of Internet products on user behavior and user value is analyzed from the aspects of product combination and connection dimension; finally, a single case study is used to explore the specific role of WeChat's product portfolio and connectivity attributes in user value. The findings show that products and connections are the value drivers that create rapid growth in user value. Value creation follows the logic of "value drivers → user behavior → user value". Internet companies need to enrich product functions and focus on the combination of products and services. More importantly, enterprises need to use network effects, communities, etc. to strengthen the connection with users, to provide users with accurate "solutions" to achieve the use value, entertainment value and social value multiplication. References | Related Articles | Metrics

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The Business Model Innovation of ICT-enabled Poverty Alleviation Platform Yi Famin, Zhu Jie 2019, 31 (7):  123-132.  Abstract ( 281 )   PDF (1229KB) ( 635 )   ICT-enabled platform ecosystem has been the focus of practice and research in recent years. When its business model extends to the bottom pyramid market with multiple market levels and imperfect system, platform enterprises achieve the goal of reducing poverty and improving social affluence by innovating business model through three mechanisms:universal connection, interface reconstruction and compound provision. Universal connectivity enables platform enterprises to build a self-centered and widely covered ecosystem. Interface reconfiguration enables effective integration and creative use of various resources in ecosystems therefore value co-creation is possible. Composite provision can bring diverse values to ecosystem participants and thus sustain their participation in the system. Through on-the-spot investigation and follow-up interviews, combined with business model innovation, ecosystem, BoP and ICT empowerment theory,this paper uses case analysis method to summarize three strategies of poverty alleviation platform's business model innovation in BoP region:universal connection, interface reconstruction and composite innovation, and the principles that must be followed in practice. References | Related Articles | Metrics

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How do Binary Attributes of BMI Play the Role of Start-ups' Growth: Case Study of Naked Retreats Luo Xingwu, Yang Jun, Xiang Guopeng, Wang Jianming 2019, 31 (7):  133-148.  Abstract ( 252 )   PDF (1794KB) ( 1163 )   The Business Model Innovation (BMI) is becoming an important path of start-ups' growth in internet era. The BMI attributes in ‘Meta-meaning’ is the internal driving force of enterprise value creation. How will explicit transaction attribute and implicit institutional attribute promote start-ups' growth? In this paper, taking an example of Naked Retreats, we explore the functional mechanism of binary attributes of BMI on start-ups' growth in the context of China. (1) The transaction attribute and institutional attribute of BMI make together contribution for the start-ups' growth, the transaction attribute promotes the growth of enterprises by enhancing the competitive trading advantages, and the institutional attribute, by use of availability of legitimacy, ensures the sustainable trading. (2) The effective fit between BMI and policy orientation is the necessary way for start-ups to adapt to dynamic environment and obtain legitimacy. (3)The mutual support between transaction attributes and institutional attributes, and the mutual support between competitiveness mechanism and legitimacy mechanism, generate "structural shaping effect", promote the organization to advance quickly. The main contribution of this paper is to analyze the micro-mechanism of dual BMI attributes' role on the growth of entrepreneurial enterprises, which provides implications for start-ups' BMI catching-up. References | Related Articles | Metrics

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Corporate Social Responsibility Integration, Stakeholder Management and Green Product Innovation——Case Study on ROBAM Mao Yunshi, Wang Jing 2019, 31 (7):  149-161.  Abstract ( 325 )   PDF (3279KB) ( 616 )   Sustainable business model that focuses on corporate social responsibility is receiving increasing attention. From the perspective of stakeholder theory, this paper focuses on how companies integrate corporate social responsibility and corporate business model to realize continuous green product innovation. Through the case study of ROBAM company which provides continuing green product innovation from single green product innovation, providing green solutions to building green product ecosystem, this paper finds that:①The focus of stakeholders concerns is from market stakeholders to non-market stakeholders, and the expansion of concerns of stakeholders interest can trigger the continuous green product innovation;②the continuous expansion of the ability of enterprises to integrate stakeholders is an important support for the continuous green product innovation;③Through paying attention to the interests of customers and improving continuously, enterprise can realize incremental green product innovation; Through paying attention to non-market stakeholders such as the government, the media and the public, enterprise will find new business opportunities and achieve radical green product innovation. Compared with traditional product innovation, green product innovation has higher requirements for product creative ability, and the integration of the green creative ability of the public is of great importance to the company's green product innovation. References | Related Articles | Metrics

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Dynamics Feedback System Modeling and Analysis on the Business Model of Used-car E-Commerce Enterprises Based on the CET@I Framework Jia Xiaojing, Kou Chenhuan, Wang Zhengmeng, Li Guijun 2019, 31 (7):  162-171.  Abstract ( 365 )   PDF (2824KB) ( 463 )   China's used-car market developed since the end of the 20th century and has created its own e-commerce models accompanied by the Internet. Since 2014, used-car industry in China has entered a new era of electronic commerce. According to the Iceberg Theory of Business Model, this paper divides the business model of used-car e-commerce enterprises into explicit knowledge and implicit knowledge. And then, the paper uses CET@I methodology to analyze the implicit knowledge of business model from three aspects:industry category, environment and technology. After that, this paper creates a System Dynamics model to analyze the dynamic feedback for the business model of used-car e-commerce enterprises and carry out the simulation by taking UXIN Corporation as an example. Through the model simulation, this paper points out the innovation and comparative advantages of the UXIN Corporation. Meanwhile, this paper also proposes some suggestions on how to improve business model. In conclusion, for all the used-car e-commerce enterprises, the successful business model should be a coordinated integrated development of the dynamic feedback system of the whole enterprise, no matter it is C2C, B2C or B2B. References | Related Articles | Metrics

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The Structure and Value Creation Process of Business Ecosystem——A Case of the Xiaomi Eco-chain Tan Zhijia, Wei Wei, Zhu Wuxiang 2019, 31 (7):  172-185.  Abstract ( 912 )   PDF (3163KB) ( 1086 )   Eco-chain is an effective instrument for firm growth through network. This paper selects Xiaomi eco-chain as a typical case of firms which catch up from behind. The formation of the business eco-chain is carefully reviewed in time series to answer the core research question, how a business ecosystem is constructed. The discussion of the transaction mode aims at explaining the internal relationship which the literature did not clearly state. We find that the transaction parties are selected based on their resources and needs, just as how Xiaomi carefully constructed Xiaomi eco-chain based on the property rights and requirements of all players, and that the matching process determines the transaction model, that is why the pricing process of sharing rather than giving mechanism is more often used. The paper studies the data from multiple sources, such as face-to-face interview with the person in charge of Xiaomi eco-chain and the start-ups, the company files, the public speeches of the CEO of Xiaomi and so on, and applies the business model theory to describe and explain the formation and value creation of a business ecosystem. The case of Xiaomi eco-chain provides an inspiring example of how an effective business ecosystem can be formed, and enlightens further researches of the business ecosystem. References | Related Articles | Metrics

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Adoption and Integration of Business Model in Retail Industry Empowered with “Artificial Intelligence +”——A Mult-case Study Wang Yanyu, Su Xin, Xie Wei 2019, 31 (7):  186-198.  Abstract ( 327 )   PDF (1954KB) ( 818 )   This paper takes the business model empowered with artificial intelligence in retail industry as the research object, and discusses the driving factors of the adoption of"artificial intelligence +" business model innovation and the integration and conflicts after adoption. By comparing and analyzing three retail enterprises with different technology development methods, we come to the following conclusions:(1) The adoption of "artificial intelligence+" business model of enterprises is driven by internal and external factors, internal factors refer to organizational management factors (the promotion of managers, the establishment of IT R&D department, the risk aversion brought by artificial intelligence) and the accumulation of data; external factors include the impact of new retail on traditional enterprise, the system performance of artificial intelligence, the spread and diffusion of new technology and knowledge. (2) After adopting the business model of artificial intelligence, enterprises will face the crisis from the organization, employees and the complementation of project. At the same time, this paper identifies two external knowledge management modes, that is, exploratory knowledge management and applicable knowledge management. Based on the above conclusions, this paper further discusses the inspiration and prospects in future research. References | Related Articles | Metrics

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TheImpact of Freemium Business Model on Player's Engagement: An Empirical Study in Online Game Guo Guoqing, Wang Yuxi, Yang Hailong 2019, 31 (7):  199-209.  Abstract ( 285 )   PDF (1232KB) ( 465 )   In online games, "freemium" business model has attracted wide attention of scholars, but its impact on user participation in the game and its internal mechanism are seldom discussed. Based on the theories of self-determination, uniqueness seeking and self-identity, this study uses real individual game data to explore the similarities and differences between free and paid users in the "freemium" model and the long-term impact of group interaction on user participation. Research shows that game challenge and user's game performance significantly enhance user's willingness to participate in the game, but with the increase of the proportion of paying users, free users' willingness to participate in the game increases, while paying users' willingness to participate in the game decreases. In addition, the excellent performance of paying users will enhance the willingness of other paying users to participate and reduce the willingness of free users to participate. This study clarifies the psychological mechanism that affects the willingness to participate in online games, expands the theoretical insight into the long-term impact of the "freemium" business model on the development of online games, and further proposes targeted revision strategies. References | Related Articles | Metrics

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Empirical Analysis of Business Model and Operation Mechanisms of Crowdfunding: The Case of Kickstarter Tian Xin, Song Yan, Cao Shasha, Wu Tian 2019, 31 (7):  210-224.  Abstract ( 562 )   PDF (1526KB) ( 715 )   Crowdfunding plays an important role in promoting regional economic development, labor, innovation and entrepreneurship. Today, huge gaps and differences exist in crowdfunding industry between China and USA. This paper proposes a brand new business model for crowdfunding, especially for the donation-based crowdfunding such as Kickstarter, examines the correlation mechanism between market behavior and social effect, and their impact on crowdfunding performance. Additionally, we conduct an empirical test for these effects with a unique Kickstarter crowdfunding panel data set. The empirical study shows that market behavior and social effect have a significant effect on crowdfunding practical application. References | Related Articles | Metrics

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Research on the Relationship between Business Model Integration, Conflict and Enterprise Performance Wang Jiangzhe, Chen Xiaofei, Liu Yi 2019, 31 (7):  225-238.  Abstract ( 261 )   PDF (1325KB) ( 534 )   It is becoming more and more common for companies to adopt more than two business models based on strategic objectives. However, it is not clear how companies can integrate the relationship between different business models and how they affect business model conflicts and corporate performance. Based on the clear definition of the business model integration concept, this paper considers the contingency impact of resource flexibility and competition intensity, and focuses on the analysis of the impact of business model integration on business model conflicts and corporate performance. The results show that:(1) business model integration can be divided into business model value proposition integration, business model value creation integration and business model value acquisition integration. The three dimensions of business model integration have a significant weakening effect on business model conflicts. (2) Business model conflicts play a significant intermediary role between business model integration and corporate performance. (3) Resource flexibility plays a significant role in the adjustment of business model value creation, value acquisition integration on business model conflicts. The more flexible resources are, the stronger inhibition business model value creation and the value acquisition integration will have on business model conflicts. Competition intensity plays a significant role in regulating business model conflicts and corporate performance. The more intensive competition is, the more significant negative impact business model conflicts will have on firm performance. References | Related Articles | Metrics

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Top Managers' Advice Seeking, Decision-making Preferences and Business Model Innovation Zhang Jinyan, Yang Huixin, Qiu Chen, Yang Zhenyi 2019, 31 (7):  239-251.  Abstract ( 260 )   PDF (1367KB) ( 386 )   In the researches on strategic decision making, advice seeking is considered as an important top managers' attribute that influences organizational decision-making. Yet, the research about how top managers utilize advice to modify current strategies and pursue business model innovation is still unclear. To uncover the importance of the top managers' advice seeking, the paper distinguishes between internal advice seeking and external advice seeking, constructs and tests the model of effect of the top managers' internal and external advice seeking on business model innovation, as well as the moderating effect of decision making preferences (risk-taking propensity and proactiveness). The results indicate that the internal and external advice seeking is positively related to business model innovation. Specifically, compared with the internal advice seeking, the top managers' external advice seeking shows greater effect on business model innovation. Interestingly, the moderating effect of risk-taking propensity, not as expected, weakens the positive relationship between advice seeking and business model innovation, and proactiveness only strengthens the relationship between external advice seeking and business model innovation. The findings of this paper extend the relationship theory between leadership traits and business model, enrich the behavioral decision theory, and provide new ideas for business model innovation. References | Related Articles | Metrics

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Incumbent Enterprises' Resource and Business Model Innovation in the Context of Technological Change: The Mediating Role of Binary Dynamic Capabilities Liu Guiwen, Li Kaijian, Zhang Yingzhen, Guo Pan 2019, 31 (7):  252-263.  Abstract ( 299 )   PDF (1471KB) ( 397 )   The emergence of emerging technologies has a strong impact on the existing business model of incumbent enterprises. Thus, the incumbent enterprises that had been in the leading position have to undergo a reshuffle of the industry pattern and innovate their business models. Most of the existing researches focus on the business model innovation of new ventures, while ignoring the business model innovation challenges of incumbents. This paper aims to reveal the impact of different attributes of incumbent enterprises' resource on business model innovation in the context of technological change and explore the mediating effect of the dynamic capabilities on the relationship between incumbent enterprises' resource and business model innovation. Based on Schumpeter's innovation theory and organizational inertia theory, this paper proposes six hypotheses and validates them using empirical data from 227 incumbent companies from different industries. The findings demonstrate that:(1) In dynamic environment, the dynamic capabilities of incumbents are more significant than the original resource on business model innovation; (2) The original resource of the incumbent enterprise has a dual effect. On the one hand, the resource aggregation effect formed by the value network is conducive to improving the dynamic capability; on the other hand, the internal locking effect weakens the enterprises' dynamic ability. These findings open the black box of the mechanism of incumbent business model innovation and provide practical guidance for incumbents to innovate their business model. References | Related Articles | Metrics

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The Influence of Business Model on Enterprise Performance: Based on the Data of Listed New Energy Enterprises Liu Zhengyang, Wang Jinxin, Qiao Han, Wang Shouyang 2019, 31 (7):  264-273.  Abstract ( 335 )   PDF (1564KB) ( 698 )   With the advent of the energy Internet era, new energy enterprises are faced with innovations in business models and industrial upgrading, the business model of new energy enterprises will directly affect their sustainable development. Based on the business model iceberg theory and structural equation model, this paper selects the samples of 18 listed new energy enterprises from 2014 to 2017, and studies the impact of new energy enterprise business model on enterprise performance, and the interaction between external environment and technical capabilities and business models. The empirical results show that the business model, external environment and technical capabilities of new energy enterprises have a positive impact on enterprise performance, and the impact of business models is stronger than the impact of external environment and technological capabilities on enterprise performance. At the same time, the external environment and technical capabilities have a positive impact on business models. The three dimensions of business model-value creation, value transfer and value realization-have a significant positive impact on business models, and value realization has the greatest impact and value creation has the least impact. New energy companies should design a reasonable business model to promote their enterprise performance. At the same time, they should pay attention to the matching between business model and external environment and improve the synergy between technical capabilities and business models, so that they can maximize the promoting impacts of business models on enterprise performance. In the process of business model design, new energy enterprises should pay more attention to the value creation dimension, namely cost control ability and profit acquisition ability, thus improving their enterprise performance. References | Related Articles | Metrics

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Test of Collaborative Effect between the Servitization and Product Innovation Input of Manufacturing Enterprises: An Explanation of the “Servitization Paradox” Xiao Ting 2019, 31 (7):  274-285.  Abstract ( 243 )   PDF (1240KB) ( 327 )   Many manufacturing enterprises have experienced the decline of performance in servitization process, which is called the "servitization paradox". From the collaborative perspective of servitization and product innovation, this paper analyzes the complementary functions of two kinds of innovation in value creation. At the same time, it further divides the service into product orientated mode and customer oriented mode, and demonstrates the role of two kinds of business models and product input in performance. Results indicate that the complementarity between servitization and product innovation bring long-term benefits at the cost of next year's performance. On the contrary, both servtization in isolation and product innovation can improve enterprises' performance in short term but in long term they damage the value of enterprises. References | Related Articles | Metrics

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Entrepreneur Social Network, Competitive Intensity and Business Model Innovation Sun Yonglei, Song Jing, Chen Jin 2019, 31 (7):  286-293,304.  Abstract ( 332 )   PDF (1225KB) ( 747 )   This paper focuses on the impacts of entrepreneur social network on business model innovation, and explores the moderating effect of competitive intensity. On the basis of the related literature, we construct a theoretical model based on theoretical analysis and propose hypotheses. We also empirically analyze the survey data of China, and do an empirical test with the help of SPSS22.0. The results show that:there is an inverted U-shaped relationship between network size and business model innovation, the relationship between heterogeneity of social network and strength of network tie is conductive to promoting business model innovation. The competitive intensity's positive moderating effect is confirmed between strength of network tie and business model innovation. References | Related Articles | Metrics

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Corporate Social Responsibility, Resource Reconfiguration and Business Model Innovation Hu Baoliang, Shu Tingting, Tian Maoli 2019, 31 (7):  294-304.  Abstract ( 256 )   PDF (1242KB) ( 607 )   This paper aims to explore how corporate social responsibility affects business model innovation through the mediating role of resource reconfiguration. Therefore, the hypotheses on the hierarchical relationship between corporate social responsibility, resource reconfiguration and business model innovation are proposed, and these hypotheses are tested by using hierarchical regression analysis method with data collected from 186 firms. The results show that responsibility to customers, responsibility to shareholders, responsibility to employees, and responsibility to society affect business model innovation positively; resource reconfiguration affects business model innovation positively. The results also show that resource reconfiguration partially mediates the influence of responsibility to customers, responsibility to employees, and responsibility to society on business model innovation, and fully mediates the influence of responsibility to shareholders on business model innovation. References | Related Articles | Metrics