Business Model Innovation as Strategic Renewal Process: A Case of China’s Most Innovative Firm

  • S M Musa Rotterdam School of Management, Erasmus University
  • Syed A. Mamun School of Business Studies, Southeast University

Abstract





To survive in today’s hypercompetitive business environment, firms from every sector must rely on innovation. Innovation is one of the main drivers of a firms’ strategic renewal process. Strategic renewal process often calls for business model renewal which is only possible through business model innovation. Business model innovation is relatively new concept in business literature. This article is an attempt to highlight the business model innovation process of one of the most innovative firms of our time from China. Over the last thirty years, this firm went through multiple strategic renewal processes by reinventing its business model inspired by the technological changes. In doing so, this firm aims to change the whole white goods manufacturing industry as we know it today.





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Published
2020-06-30
How to Cite
MUSA, S M; MAMUN, Syed A.. Business Model Innovation as Strategic Renewal Process: A Case of China’s Most Innovative Firm. Global Business Management Review, [S.l.], v. 10, n. 2, p. 1-18, june 2020. ISSN 2600-8416. Available at: <http://e-journal.uum.edu.my/index.php/gbmr/article/view/11048>. Date accessed: 20 sep. 2020.
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Articles